Awarded contract

Insurance Broker for broking, placing and administering the Owner Controlled Insurance Programme (OCIP) and Corporate Insurances

Details

Value
£3,750,000
Duration
14 years
Topic
Insurance brokerage and agency services
Published
27 October 2016

Tender description

HS2 Ltd requires an Insurance Broker to support in broking the placement of the OCIP in the insurance market, administering the various insurance policies comprising the Owner Controlled Insurance Programme (OCIP) including providing claims management and other insurance-related support and placement/annual renewal and administration of the corporate insurance policies held by HS2 Ltd.

Timeline

  1. Completed: Award date19 August 2016
  2. Completed: Award published27 October 2016
    Current notice
  3. Next: Contract expiry date31 March 2030in 3 years

About the buyer

HS2 Ltd is a non-departmental public body sponsored by the Department for Transport, and buys as a central government agency building Britain's high-speed railway between London and Birmingham. Contracts above the public procurement threshold are advertised on Find a Tender, and smaller awards appear on Contracts Finder. Framework agreements cover major packages, such as the lifts and escalators for Phase One stations. Four tier-one joint-venture contractors, including EKFB and Align JV, deliver the main civils work. Those contractors procure their own tier-two subcontractors, who source further down the chain. Live subcontract opportunities are advertised through the CompeteFor portal.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of HS2's contract awards have been in construction work, metals and mining products and transport equipment.

Relevant CPV codes

  • 66518000 · Insurance brokerage and agency services

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Decision makers

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