Insurance and Related Services for The Guinness Partnership
Estimated value
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Awarded value
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Suppliers
4
Lots
1
Published
22 Jun 2023
Description
The Guinness Partnership require insurance related services for the following areas: Lot 1 - Main Programme. Insurance and related services for Property, legal liability and other general (non-life) insurable risks Lot 2 - Insurance and related services for Motor vehicle risks (possibly including Motor Legal Expenses and Occasional Business Use) Lot 3 - Insurance and related services associated with Cyber risks Lot 4 - Insurance and related services associated with Terrorism Risks Potential suppliers must make costed proposals for insurance arrangements which meet our insurance, risk management and servicing needs in the most appropriate and cost-effective way. Minimum Requirements Bidders must be able to meet the following minimum requirements: • the financial ability to deliver the programme, including insurers with a minimum rating of “B++” from Standard & Poor, or an equivalent rating by an independent and reputable credit rating agency and approved by the bidder’s market security committee. • the ability to provide the Contracting Authority with a choice of suitable insurers and/or suitable cover options • a skilled and competent service team, which includes client relationship management, insurance claims management, insurance broking / underwriting and insurable risk managers • the delivery of quality service to the Contracting Authority and our clients, including that provided to us by any third-party contractor employed by you or by the Insurer(s) you propose Full Service Specification for all Lots can be found in Section 4 Specification of the 'Draft ITT Main Body' Document available with this Contract Notice Estimated annual value for all LOTs is £8.675m per annum.
Scope
- Reference
- DN635048
- Commercial tool
- Standalone contract
- Contract dates
- 31 May 2023 to 31 May 2026
The Guinness Partnership will consider entering into long term agreements with the successful bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with the option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost.
- Main category
- services
- CPV classifications
- 6651411066515200
- Contract locations
- UK
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Quality | 40 | quality | — |
| — | 60 | price | — |
Submission & procedure
- Procedure
- Competitive procedure with negotiation
Award details· 4 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
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Award date
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Contract start
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Contract end
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