Insurance Services

Description

This notice sets out that Cartrefi Conwy has awarded a contract to Protector for the provision of Insurance Services. The contract is for a period of 12 Months. Lot 1: This notice sets out that Cartrefi Conwy have awarded a contract to Protector Insurance for the provision of Insurance Services. The contract is for a period of 12 months and has a total value of 660,000 GBP. Cartrefi Conwy considers that the award of the contract is permitted under Regulation 32(2)(b)(ii) of the Public Contracts Regulation 2015 (the PCR). Regulation 32(2)(b)(ii) of the PCR allows contracting authorities to award a public contract by a negotiated procedure without prior publication on the grounds that no other supplier is available for technical reasons and where no reasonable substitute exists. The contract is being awarded via an appointed insurance broker. Having researched the market and received expert advice, Cartrefi Conwy acknowledges that current market conditions remain volatile. Due to the current claims history and the project work being undertaken to address this, along with the required scope of insurance coverage, Cartrefi Conwy believes the incumbent provider is the only one reasonably available to meet these needs for the required period. Cartrefi Conwy plans to initiate a replacement process within the next 12 months.