Published date: 24 October 2022

Last edited date: 24 October 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 23 November 2022, 10am

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Insurance and pension services - 66500000

  • Insurance services - 66510000

    • Legal insurance and all-risk insurance services - 66513000

    • Damage or loss insurance services - 66515000

    • Liability insurance services - 66516000

Location of contract

WS1 1TP

Value of contract

£0

Procurement reference

IT-255-664-WP3862

Published date

24 October 2022

Closing date

23 November 2022

Closing time

10am

Contract start date

1 April 2023

Contract end date

31 March 2026

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Council wishes to purchase Insurance and Claims Handling Services.

The Services have been divided into Lots and Tenderers are invited to bid for all or any of the following Lots:

1. Property & Pecuniary Insurance
2. Commercial/Industrial
3. Combined Liability
4. Crime
5. Personal Accident/Travel including Youth services and Schools Activities/Journeys
6. Motor Fleet - Comprehensive
7. Engineering
8. Computers

The Council is looking to appoint one supplier per Lot for this contract, suppliers may bid for and be awarded more than one Lot.

In accordance with the requirements of the Public Contracts Regulations 2015, the procurement process being used is a mini-competition under YPO Insurance Placement DPS 978.

Gallagher will be supporting the Council as technical advisor throughout the process with all evaluation being under complete control of the Council.

Insurance Service Agreement (ISA(B))
Gallagher have an Insurance Services Agreement in place whereby in exchanged for providing additional continued support to Insurers to enable them to successfully underwrite and manage a risk throughout the period of the contract. Following placement, insurers agree to pay Gallagher 3.5% of the total annual premium spend in exchange for those additional services provided. This is with the exception of Zurich Municipal who are a direct deal insurer and so do not provide ISA payments.
YPO will also be payable at 0.50% Insurance Services Brokerage for use and placement of cover.

More information

Links

Additional text

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Stacey Hackett

Address

Darwall Street
Walsall
West Midlands
WS1 1TP
United Kingdom

Telephone

123456

Email

Stacey.Hackett@walsall.gov.uk

Website

https://www.walsall.gov.uk/