Published date: 19 April 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Insurance services - 66510000
Location of contract
W8 7NX
Value of contract
£4,251,778.08
Procurement reference
tender_386941/1345035
Published date
19 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
Competitive procedure with negotiation (above threshold)
Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.
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 insurance tender to the below lots :
Lot 2 Combined Liability -Zurich Insurance Company PLC (UK Branch) trading as
Zurich Municipal BR000105
Lot 3 Terrorism- Lloyd's Market via Marsh Limited Co. Reg. 01507274
Lot 4 Director & Officers Liability- Lloyd's Market via Marsh Limited Co. Reg.
01507274
Lot 5 Crime - Zurich Insurance Company PLC (UK Branch) trading as Zurich Municipal
BR000105
Lot 6 PA and Travel - Aon UK Limited Trading as Maven Public Sector 210725
Lot 7 School Journey - Zurich Insurance Company PLC (UK Branch) trading as Zurich
Municipal BR000105
Lot 8 Motor Fleet- Zurich Insurance Company PLC (UK Branch) trading as Zurich
Municipal BR000105
Lot 10 Engineering Inspection - Zurich Insurance Company PLC (UK Branch) trading
as Zurich Municipal BR000105
The Contract Award Criteria was based on the technical specification, which invited bidders to provide policy coverage and claims handling requirements. Tenders were invited on the basis that insurance contracts would be awarded to the tenderers submitting the most economically advantageous tender. The contract opportunities were forwarded to a select number of insurance providers on the Council's e-tendering portal - Capital eSourcing. - The Competitive Procedure with Negotiation (CPN) was used.
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.
Award information
Awarded date
15 March 2024
Contract start date
1 April 2024
Contract end date
2 April 2029
Total value of contract
£4,251,778.08
This contract was awarded to 3 suppliers.
Zurich Insurance Company PLC (UK Branch) trading as Zurich Munic
Address
Zurich Insurance Company Ltd Zurich House 1 Gladiator Way Farnborough GU14 6GB
Reference
No reference - other
Supplier is SME?
No
Supplier is VCSE?
No
Lloyd's Market via Marsh Limited Co. Reg. 01507274
Address
1 Tower Place West, Tower Place, London, EC3R 5BU
Reference
No reference - other
Supplier is SME?
No
Supplier is VCSE?
No
Aon UK Limited Trading as Maven Public Sector 210725
Address
8 Devonshire Square London EC2M 4PL UNITED KINGDOM
Reference
No reference - other
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
Royal Borough of Kensington and Chelsea
London
W8 7NX
England
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Closing: 19 February 2024, 12pm
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