Further Competition under Insurance Placement DPS 978 for Mansfield District Council and Their Appointed Insurance Broker — Marsh

A Contract Award Notice
by MANSFIELD DISTRICT COUNCIL

Source
OJEU
Type
Contract (Services)
Duration
not specified
Value
£390K
Sector
BUSINESS
Published
16 Apr 2021
Delivery
To 15 Jul 2024 (est.)
Deadline
n/a

Concepts

Location

Mansfield

Geochart for 2 buyers and 3 suppliers

2 buyers

2 suppliers

Description

The contracting authority are approaching the end of their existing long term agreements with insurers for material damage, casualty, crime and motor in line with Public Procurement Legislation, they are tendering their insurance portfolio in time for renewal on 1 April 2021. Further competition under Insurance Placement DPS 978 for Mansfield District Council and their appointed Insurance Broker — Marsh.

Lot Division

1 Property
2 Casualty
3 Motor

Award Detail

1 Risk Management Partners (London)
  • Property
  • Reference: 1
  • Num offers: 3
  • Value: £147,000
2 Travelers Insurance (London)
  • Casualty
  • Reference: 2
  • Num offers: 3
  • Value: £115,000
3 Travelers Insurance (London)
  • Motor
  • Reference: 3
  • Num offers: 5
  • Value: £128,000

Renewal Options

The contract period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years plus 2 years (24 + 24 months), subject to satisfactory performance as reviewed on a year by year basis.

Award Criteria

Quality 40.0
PRICE 60.0

CPV Codes

  • 66510000 - Insurance services
  • 66000000 - Financial and insurance services

Indicators

  • Options are available.
  • Award on basis of price and quality.

Reference

Domains