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Published 17 Mar 2022, 11:43 GMT

Official UK procurement notice

Further Competition under Insurance Placement DPS 978 for Derby Homes Ltd and their appointed Insurance Broker - Marsh

Official notice

Authority: Derby Homes Ltd (Public body)

Dynamic marketServicesRestricted procedure
Sectors: Financial and insurance services (66) Delivery: UK
Dynamic market estimateValue not publishedmarket-wide estimate, not attributable revenue
Awarded 8 Mar 2022

What is being bought

Published requirement description

The Contracting Authority are approaching the end of their existing Long Term Agreements with insurers for Property Owners Combined (inc Terrorism) and Computers (inc Terrorism) and in line with Public Procurement legislation, they are tendering their insurance portfolio in time for renewal on 1st April 2022.

This Insurance is being procured competitively and in accordance with the Public Contracts Regulations 2015, via the YPO Insurance Placement DPS Ref. No: 000978

CPV: Financial and insurance services · Insurance services

The lotProcurement structure

single lot · no lot value published
Lot #1Further Competition under Insurance Placement DPS for Derby Homes Ltd and their…Awarded

Further Competition under Insurance Placement DPS for Derby Homes Ltd and their appointed Insurance Broker - Marsh

Delivery: UK
Extensions: The Contract Period will be for 3 years (36 months) from the date of award with a provision to extend annually for up to a further 2 years (24 months), subject to satisfactory performance as reviewed on a year by year basis.
66000000 Financial and insurance services

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: 40%Price: 60%
Published award criteria (2)
  • Quality: 40
  • Price: 60
What this means for your bid
  • Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.
  • “Further Competition under Insurance Placement DPS 978 for Derby Homes…” 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
17 Mar 2022, 11:43 GMT
Last source update
17 Mar 2022, 11:43 GMT
Authority reference
DN592002
FTS notice number
2022/S 000-007296
Classification (CPV)
Financial and insurance servicesInsurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-03231a 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 8 Mar 2022

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

Contracts

  • Contract 007296-2022-1-1

    Signed
    8 Mar 2022
    Value
    £550,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
2bids———

Contracting authority & participating public bodies

Derby Homes Ltd

Contracting authorityPublic bodyBody governed by public lawGeneral public services 839 London Road, Derby, UK, DE24 8UZContact name, email, phone

Dispute resolution & review bodies

  • The High Court of England and WalesReview body London

Suppliers admitted to the dynamic market

1 commercial party on the notice
  • Avid Insurance Services LtdAdmitted to the market No.2 Silkwood Office Park, Fryers Ways, Wakefield, UK, WF5 9TJContact email

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.