Insurance services contract extension

Concepts

• finance and insurance
• insurance services contract extension
• liverpool
• dane housing limited
• programme of general insurance
• current insurance services contract
• insurance services
• insurance
• general insurance
• plus dane housing ltd

Location

North West England:

Description

Plus Dane Housing Limited (Plus Dane) wish to extend its current insurance services contract for a further period of 2 years from 30 November 2023 to 30 November 2025.

Total Quantity or Scope

The insurance services to be provided under the contract comprise of a programme of General Insurance and related services for Plus Dane Housing Ltd, excluding Motor Fleet risks. The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, Employers, Public, Products and Property Owners liability, Business Combined / Office, Money, All Risks, Computer, Contract Works, Group Personal Accident, Professional Indemnity, Fidelity Guarantee / Crime, Employment Practices Liability, Cyber and Terrorism.

Award Detail

CPV Codes

• 66000000 - Financial and insurance services

Legal Justification

Plus Dane wishes to extend its existing insurance services contract with its incumbent insurance provider, Marsh Limited, for a period of 2 years to take advantage of the commercially advantageous rates being offered by Marsh. The period of the extension will run from 30 November 2023 to 30 November 2025. Plus Dane is of the view that it is entitled to award this contract extension to Marsh pursuant to Regulation 72(1)(b) of the Public Contracts Regulations 2015, on the following basis: 1. There is a clear economic reason why an alternative insurance provider should not be appointed to provide the services during the extension period instead of Marsh. This being the commercially advantageous rates that Marsh are prepared to offer Plus Dane for the extension period; 2. To appoint another insurance provider would therefore cause substantial duplication of costs for Plus Dane. It would also cause it significant inconvenience; and 3. The value of the proposed 2 year extension (£1,370,872) is no more than 50% of the total value of the original contract.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Plus Dane intends to enter into the contract extension referred to in this notice following a minimum 10 day calendar day standstill period starting on the day after this notice is published in the UK Find a Tender Service. The Public Contracts Regulations 2015 (SI 2015 No 102) (as amended) (the Regulations) provide for aggrieved parties who have been harmed or who are at risk of harm by a breach of the Regulations to bring proceedings in the High Court. Any such proceedings must be brought within the limitation period specified by the Regulations according to the remedy sought.