Insurance Tender - Property Lot 1 Awards 2024-2029
Details
- Buyer
- capitalEsourcing
- Supplier(s)
- Protector Forsikring ASA
- Value
- £3,310,440
- Duration
- 5 years
- Topic
- Insurance services
- Published
- 18 April 2024
- Source
- uk:contracts_finder
Tender description
The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance. The contract is split into 10 Lots as follows: Lot 1: Property Lot 2: Combined Liability Lot 3: Terrorism Lot 4: Director & Officers Liability Lot 5: Crime Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024. 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. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.
Timeline
- Completed: Award date1 April 2024
- Completed: Award published18 April 2024Current notice
- Next: Contract expiry date2 April 2029in 2 years
About the buyer
capitalEsourcing is the eSourcing and contract management portal of Westminster City Council, a local government organisation. Suppliers must first register on the portal before they can contract with the council. Registration opens up every advertised opportunity, from a low-value request for quotes to a high-value invitation to tender. The portal itself runs on Jaggaer, and the solution provider gives suppliers technical support. Notices that the council publishes on Find a Tender link suppliers back to capitalEsourcing to place a bid. The procurement team, contract managers and suppliers run live contracts in the same system, with deadline alerts and KPI scorecards.
UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).
Over the past 5 years, most of capitalEsourcing's contract awards have been in business services.
Relevant CPV codes
- 66510000 · Insurance services
- 66515200 · Property insurance services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@capitalesourcing.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@capitalesourcing.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@capitalesourcing.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@capitalesourcing.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@capitalesourcing.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@capitalesourcing.gov |
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