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Published 3 Mar 2022, 15:09 GMT

Official UK procurement notice

Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and their appointed Insurance Broker - Marsh

Official notice

Authority: Bracknell Forest Council (Local council)

Dynamic marketServicesRestricted procedure
Sectors: Financial and insurance services (66) Delivery: UK
Dynamic market estimateValue not publishedmarket-wide estimate, not attributable revenue
Awarded 4 Feb 2022

What is being bought

Published requirement description

The Contracting Authority is running a further competition to procure insurance cover for its Leasehold and Homebuy Property portfolio via the YPO’s Insurance Placement DPS, ref no 000978

CPV: Insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and…Awarded

Further Competition under Insurance Placement DPS 978 for Bracknell Forest Council and their appointed Insurance Broker - Marsh

Delivery: UK
Extensions: The contract will cover a period of seven years from 1 April 2022 covering an initial period of three years plus two optional extensions each of two years (i.e. 3 + 2 + 2).

What it takes to win
i

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 more
How bids were scored
Quality: 50%Price: 50%
Published award criteria (2)
  • Quality: 50
  • Price: 50
What this means for your bid
  • Price carries 50 of 100 points: a 10% discount moves about 5 points. This one is won on the number: sharpen the price before polishing the prose.
  • “Further Competition under Insurance Placement DPS 978 for Bracknell…” is a dynamic market: the contest is a place on its panel, not a single contract.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Restricted procedure
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
Dynamic market
Who may use this agreement
Any qualifying supplier may apply while the market is open
Competition type
Competitive procedure
GPA / WTO covered
Yes (GPA)
Recurring procurement
Unspecified in notice
First published
3 Mar 2022, 15:09 GMT
Last source update
3 Mar 2022, 15:09 GMT
Authority reference
DN582744
FTS notice number
2022/S 000-005894
Classification (CPV)
Insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-031d9f Find a Tender

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Suppliers appointed 1admitted to the panel · see the list ↓
Bids received 2
Contracts signed 1latest 4 Feb 2022

1 suppliers are admitted to this dynamic market without individual award values or dates, see the supplier list below.

Contracts

  • Contract 005894-2022-1-1

    Signed
    4 Feb 2022
    Value
    £58,100
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

Bracknell Forest Council

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Time Square, Market St, Bracknell, UK, RG12 1JDContact name, email, phone

Dispute resolution & review bodies

  • High Court of England & WalesReview body London

Suppliers admitted to the dynamic market

1 commercial party on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.