Published date: 11 March 2021
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Insurance services - 66510000
Location of contract
United Kingdom
Value of contract
£2,700,000
Procurement reference
BOE001-DN506315-37451887
Published date
11 March 2021
Closing date
21 December 2020
Closing time
12pm
Contract start date
1 March 2021
Contract end date
29 February 2024
Contract type
Service contract
Procedure type
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The Bank of England is seeking to procure its annual insurances. The following types of insurance are required: Property Damage / Business Interruption, Employer's Liability and Public Liability, Fine Art, Construction, Motor, Personal Accident and Travel. Details relating to each of the risks to be insured are detailed in the tender documents. Cover is required from 1st March 2021. Please note that the supplier information day will take place on Wednesday 2nd December 2020 at 10.30am. Full details are included in the tender documents. The contract term is an initial term of one year, with two possible one-year extensions (total possible term of three years).
More information
Previous notice about this procurement
- Opportunity
- Published 19 November 2020
Additional text
-
The procurement documents are available for unrestricted and full direct access, free of charge, at: www.bankofenglandtenders.co.uk
Tenders or requests to participate must be submitted electronically via: www.bankofenglandtenders.co.uk
Award information
Awarded date
5 February 2021
Contract start date
1 March 2021
Contract end date
29 February 2024
Total value of contract
£752,776.06
This contract was awarded to 5 suppliers.
Aviva Plc
Address
NR1 3NG
Reference
None
Supplier is SME?
No
Supplier is VCSE?
No
Additional details
-
Lots 1, 3
Risk Management Partners Ltd.
Address
EC3V 9LJ
Reference
None
Supplier is SME?
Yes
Supplier is VCSE?
No
Additional details
-
Lots 2, 6, 7
American International Group UK limited
Address
EC3M 4AB
Reference
None
Supplier is SME?
No
Supplier is VCSE?
No
Additional details
-
Lot 4
HDI Global Specialty SE
Address
EC3M 3BE
Reference
None
Supplier is SME?
Yes
Supplier is VCSE?
No
Additional details
-
Lot 5
Chubb European Group
Address
EC3A 3BP
Reference
None
Supplier is SME?
No
Supplier is VCSE?
No
Additional details
-
Lot 8
About the buyer
Contact name
FM Contracts
Address
Bank of England
Threadneedle Street
London
EC2R 8AH
England
Telephone
+44 2034613000
fm.contracts@bankofengland.co.uk
Website
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Closing: 21 December 2020, 12pm
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