Awarded contract

Council Insurance Premiums

Details

Supplier(s)
Value
£1,557,435.55
Topic
Insurance services
Published
12 June 2024

Tender description

Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). Lot 1: Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47.

Timeline

  1. Completed: Award published12 June 2024
    Current notice
  2. Completed: Award date25 June 2024

About the buyer

Isle of Wight Council governs the island as a local authority, and advertises its tender opportunities through the South East Business Portal. Contracts Finder lists opportunities above a set value threshold, while larger contracts appear on the Find a Tender Service. Suppliers register free on ProContract, the system behind that portal, to receive notifications of new opportunities. The same portal carries opportunities from local authorities across the South East region. Public Contract Regulations 2015 govern the council's tender processes. Every business gets a fair and equal chance to compete for its contracts.

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 Isle of Wight Council's contract awards have been in software and information systems, IT services and construction work.

Relevant CPV codes

  • 66510000 · Insurance services

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Decision makers

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