Scottish Canals Insurance Services - Contract Extension

A Modification Notice
by SCOTTISH CANALS

Source: Find a Tender
Type: Contract (Services)
Duration: 5 year
Value: £1M-£2M

Sector: BUSINESS
Published: 01 Apr 2022
Delivery: To 01 Apr 2027 (est.)
Deadline: n/a

Concepts

Location

Glasgow

Geochart for 2 buyers and 4 suppliers

2 buyers

Scottish Canals Glasgow

4 suppliers

Description

Scottish Canals are looking to appoint a supplier or a number of suppliers to provide insurance policies including but not limited to Employers Liability, Public and Products Liability, Motor Claims, Property Claims, D&O Cover, Marine Hull and Engineering Inspection.

Ammendments to Previous Notice

2. Contract value

GBP 1,356,775 1,883,994

Award Detail

1	Rsa Insurance Group (Glasgow) Scottish Canals Insurance Services - Contract Extension Reference: p17-0011 insurance services Value: £1,356,775 [share] Awarded to group of suppliers.
2	American International Group (Glasgow) Scottish Canals Insurance Services - Contract Extension Reference: p17-0011 insurance services Value: £1,356,775 [share] Awarded to group of suppliers.
3	Travelers Insurance (Glasgow) Scottish Canals Insurance Services - Contract Extension Reference: p17-0011 insurance services Value: £1,356,775 [share] Awarded to group of suppliers.
4	Inspection Network (Wallyford) Scottish Canals Insurance Services - Contract Extension Reference: p17-0011 insurance services Value: £1,356,775 [share] Awarded to group of suppliers.

CPV Codes

66510000 - Insurance services

Indicators

Contract modified due to unforeseen circumstances.

Legal Justification

Extension required given inability to carry out risk assessments due to COVID restrictions and additionally, volatility of insurance market premiums as a result of lack of updated risk assessments. Risk assessments would have been undertaken in time to support a re-tendering process and are now being scheduled to support the re-tender for next year.