University of St Andrews: Insurance Broker Services

A Contract Award Notice
by UNIVERSITY OF ST ANDREWS

Source
Find a Tender
Type
Contract (Services)
Duration
3.5 year (est.)
Value
£397K
Sector
BUSINESS
Published
14 Dec 2023
Delivery
To 14 Jun 2027 (est.)
Deadline
n/a

Concepts

Location

UK-St Andrews

Geochart for 2 buyers and 1 suppliers

2 buyers

1 supplier

Description

Insurance Broker Services for the University of St Andrews.

Total Quantity or Scope

The broker will be responsible for advice on insurance strategic direction, programme placement, negotiating wordings and extensions, being aware of market options, handling and monitoring completion of day to day queries, ensuring a satisfactory tripartite relationship with underwriters, advising on overseas exposures, facilitating claims handling on certain classes, acting as arbiter and point of escalation for claims on other classes, and providing a point of referral for property loss control advice to market norms, including accompanying insurer risk control surveys. Where we have existing in-house capability, we expect the broker to augment that capability and present it to the market. The broker will be responsible for issue of satisfactory policy wordings, negotiating suitable terms and conditions within those wordings, checking those wordings, and issuing statutory and other certificates on a timely basis. Please see tender documents for full details.

Award Detail

1 Marsh (Glasgow)
  • Reference: pla/080923/bk/sl
  • Num offers: 3
  • Value: £397,062
  • Contractor is an SME.

Award Criteria

Quality 70.0
Cost 30.0

CPV Codes

  • 66518100 - Insurance brokerage services

Indicators

  • Award on basis of price and quality.

Other Information

All tenders for the University of St Andrews are administered through our eTendering System (InTend).To Express an Interest please go to our tender website at https://intendhost.co.uk/universityofstandrews Please note that 'Notes of Interest' placed via PCS (Public Contracts Scotland) are not automatically accepted All tenders for the University of St Andrews are administered through our eTendering System (InTend).To Express an Interest please go to our tender website at https://intendhost.co.uk/universityofstandrews Please note that 'Notes of Interest' placed via PCS (Public Contracts Scotland) are not automatically accepted (SC Ref:753265)

Reference

Domains