Published date: 18 April 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 19 February 2024, 12pm

Contract summary

Industry

  • Insurance services - 66510000

  • Property insurance services - 66515200

Location of contract

W8 7NX

Value of contract

£3,310,440

Procurement reference

tender_386941/1343770

Published date

18 April 2024

Closing date

19 February 2024

Closing time

12pm

Contract start date

1 April 2024

Contract end date

2 April 2029

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

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

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance.

The contract is split into 10 Lots as follows:

Lot 1: Property
Lot 2: Combined Liability
Lot 3: Terrorism
Lot 4: Director & Officers Liability
Lot 5: Crime
Lot 6: PA and Travel
Lot 7: School Journey
Lot 8: Motor Fleet
Lot 9: Residential leasehold buildings
Lot 10 Engineering Inspection


The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.



The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.

Award information

Awarded date

4 March 2024

Contract start date

1 April 2024

Contract end date

2 April 2029

Total value of contract

£3,310,440

This contract was awarded to 1 supplier.

Protector Forsikring ASA

Address

7th Floor, 3 Hardman Street, Manchester, M3 3HF, UNITED KINGDOM

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Royal Borough of Kensington and Chelsea
Hornton Street London
W8 7NX
England

Email

procurement@rbkc.gov.uk