Insurance Brokerage (Non-Life) including Risk Management Services

Concepts

• insurance brokerage
• lupc insurance group
• london universities purchasing consortium
• lupc
• risk management services
• behalf of the lupc insurance group
• management of several insurance lines
• insurance brokerage services
• money risks
• nwupc

Location

Southern England including London, East and West Midlands

Description

London Universities Purchasing Consortium (LUPC) is undertaking this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/our-members/) and one NWUPC member (https://www.nwupc.ac.uk/our-members). It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (http://www.neupc.ac.uk/who-are-our-members). The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism and clinical trials.

Total Quantity or Scope

London Universities Purchasing Consortium (LUPC), a company limited by guarantee, is undertaking this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/our-members/) and one NWUPC member (https://www.nwupc.ac.uk/our-members), the University of Wolverhampton. In addition to these HE Consortia, it is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (http://www.neupc.ac.uk/who-are-our-members). The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism, clinical research and trials and cyber-related risks. The initial length of this non-framework, single-source contract is three years with the option to extend to seven years subject to satisfactory performance.

Renewal Options

The Contract will be established for an initial period of 3 years with an option to extend for a further period of up to a total of 7 years. The Contract is intended to start on 01/09/2021 or as otherwise agreed.

CPV Codes

• 66518100 - Insurance brokerage services

Indicators

• Bids should cover the whole contract.
• This is a recurring contract.
• Renewals are available.
• Financial restrictions apply.
• Performance considerations apply.
• Professional qualifications are sought.
• Staff qualifications are relevant.
• Award on basis of price and quality.

Other Information

Access to the proprietary IG membership information within the main tender documentation is restricted by password protection, which will be released upon signed completion of the confidentiality agreement open form included in the documentation. Access to the proprietary IG membership information within the main tender documentation is restricted by password protection, which will be released upon signed completion of the confidentiality agreement open form included in the documentation. The contracting authority reserves the right to cancel the procurement and not to proceed with the award of any contract at any stage of the procurement process and/or to award only part or parts of any contract. Save for any mandatory periods the timescales in this notice are purely indicative and the contracting authority reserves the right to amend the same.