Insurance services
Details
- Buyer
- Bank of England
- Supplier(s)
- Value
- £752,776.06
- Duration
- 3 years
- Topic
- Insurance services
- Published
- 11 March 2021
- Source
- uk:contracts_finder
Tender 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). Additional information: 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
Timeline
- Completed: Award date1 March 2021
- Completed: Award published11 March 2021Current notice
- Completed: Contract expiry date29 February 2024
About the buyer
The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. Suppliers register on the Bank's Oracle Fusion Supplier Portal before they can be invited to tender. Contract notices also appear on the government's Find a Tender Central Digital Platform. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria. Registered suppliers then move from prospective to spend-authorised status once they have won a contract.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.
Relevant CPV codes
- 66510000 · Insurance services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@bank-of-england.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@bank-of-england.gov |
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