Insurance Services - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility
A Contract Award Notice
by CENTRE FOR PROCESS INNOVATION LIMITED
- Source
- Find a Tender
- Type
- Contract (Services)
- Duration
- not specified
- Value
- £786K
- Sector
- BUSINESS
- Published
- 23 Aug 2024
- Delivery
- not specified
- Deadline
- n/a
Concepts
Location
North East England:
1 buyer
1 supplier
- Chubb European Group SE London
Description
Renewal of Insurance Policies - Material Damage, Business Interruption and Money, Terrorism, Employers Liability, Personal Accident & Travel Facility.
Award Detail
| 1 | Chubb European Group SE (London)
|
Award Criteria
| price | _ |
CPV Codes
- 66510000 - Insurance services
Legal Justification
Centre For Process Innovation Limited (CPI) is putting out this notice as a VEAT (Voluntary Ex ante Transparency Notice) as CPI intends to complete a Direct Award to Chubb European Group SE for the provision of the classes of insurance identified below, without a call for competition in accordance with the Public Contracts Regulations 2015. The bulk of insurance services to be obtained under the Direct Award shall relate to Material Damage, Business Interruption, Money & Terrorism, Employers Liability and Personal Accident and Travel Facility. The contract duration is expected to be 24 months from 1st December 24 and the value of the contracts will be £786,050.14. The justification for a Direct Award is the Life Sciences insurance market is protecting organisations against a unique range of risks, with differing exposures, the nature of the insurance requires extensive risk analysis of matters such as type of clinical trials being undertaken. Furthermore there is a limited marketplace of organisations that undertake the specialist & complex business activities that CPI undertake (CPI operates as technology and research innovation centre specialising in highly advanced medicine manufacture, formulations, therapeutic biologicals manufacture, and electronics & photonics systems) whereby it is considered the insurance market would not be able to adequately assess & provide quotations to CPI via a Public Contracts Regulation tender process. It is because of these complex challenges that CPI via their procured broker have approached a number of Insurers are proposing to continue working with their current insurance provider Chubb European Group SE .
Other Information
** PREVIEW NOTICE, please check Find a Tender for full details. **
Reference
- ocds-h6vhtk-0493b4
- FTS 027116-2024