Insurance Services
A Modification Notice
by PROSPECT COMMUNITY HOUSING LTD
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- 2 year
- Value
- £204K-£630K
- Sector
- BUSINESS
- Published
- 25 Oct 2023
- Delivery
- To 24 Oct 2025 (est.)
- Deadline
- n/a
Concepts
Location
Edinburgh
2 buyers
- Prospect Community Housing Edinburgh
1 supplier
- Marsh Reading
Description
Prospect Community Housing intends to extend the existing Insurance Provision contract due to end 30 September 2024 to the 30 September 2026 with Marsh Ltd who are the current insurance service Broker/provider.
Ammendments to Previous Notice
2. Contract value
GBP 425,867 629,867
Award Detail
| 1 | Marsh (Reading)
|
CPV Codes
- 66510000 - Insurance services
Indicators
- Contract modified due to unforeseen circumstances.
Legal Justification
Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances: This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL’s relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements.
Other Information
(SC Ref:747187)
Reference
- FTS 031530-2023