Official UK procurement notice
Fine Art Insurance · UK public procurement notice
Authority: City of London Corporation (Local council)
What is being bought
Published requirement descriptionContract award notice for the provision of Fine Art Insurance to the City of London Corporation.
CPV: Damage or loss insurance services · Fire insurance services · Insurance services · Property insurance services · Weather and financial loss insurance services · Weather-related insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Contract award notice for the provision of Fine Art Insurance to the City of London…AwardedRenewal
Contract award notice for the provision of Fine Art Insurance to the City of London Corporation. Additional information: Please see Contract Notice Fine Art Insurance Publication reference: 2021/S 000-019824. Publication date: 13 August 2021
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (3)
- Technical: 40
- Price: 60
- price: 60
Published award criteria (3)
- Technical: 40%
- Price: 60%
- Price: 60%
- Successive reduction
- Candidates will be reduced successively across stages
- Price carries 120 of 160 points: a 10% discount moves about 12 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 13 Aug 2021, 22:45 BST
- Last source update
- 6 Jan 2022, 22:45 GMT
- FTS notice number
2022/S 000-000386- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02d4dfFind a Tender
- Review procedure
The Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or who are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland).
Publisher note: This procurement process is being conducted in successive stages and you will only be invited to submit an initial tender if you have been successful and shortlisted from the first stage, i.e. pre-qualification. If you wish to be considered you must complete and submit a completed Selection Questionnaire (SQ) by the specified closing date and time. Submissions cannot be uploaded after this return deadline. Other than the Selection Questionnaire (SQ), the procurement documentation submitted at the date of this Notice is draft documentation and the Council reserves the right to amend, augment and supplement any document. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. This tendering exercise is being undertaken using the electronic tendering system ‘capitalEsourcing’ (www.capitalesourcing.com). Suppliers will need to register an interest on the system in order to participate and registration is free. The estimated value given at II.2.6) is for the full duration of the contract including the maximum possible extensions. The estimated annual contract value is therefore £140,000.
How it was run
Official notice- Submission deadline
- 16 Sept 2021, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 120 days from the deadline
Timeline
16 Sept 2021 → 6 Jan 2022 · 3 dates- Submission deadline16 Sept 2021, 12:00 BST
- Invitations to tender expected20 Sept 2021, 00:00 BST
- Notice published6 Jan 2022, 22:45 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete6 Jan 2022, 22:45 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Marsh Specialty | £572,615 † | — | Awarded |
Contracts
Contract 000386-2022-1 · Marsh Specialty
- Signed
- 24 Dec 2021
- Value
- £572,615
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court, Royal Courts of JusticeReview body
Bidders & participating suppliers
1 commercial party on the notice- Marsh SpecialtyAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria