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Published 21 Apr 2021, 08:58 BST

Official UK procurement notice

Further Competition under Insurance Placement DPS 978 for London Borough of Sutton and their appointed Insurance Broker - Marsh

Official notice

Authority: London Borough of Sutton (Local council)

Dynamic marketServicesRestricted procedure
Sectors: Financial and insurance services (66) Delivery: UK
Dynamic market estimateValue not publishedmarket-wide estimate, not attributable revenue
Awarded 11 Mar 2021

What is being bought

Published requirement description

The Contracting Authority is approaching the end of their existing Long Term Agreement with

insurers for Leasehold RTB Flats Insurance. In line with Public Procurement legislation, they are

tendering their insurance portfolio in time for renewal on 1 April 2021.

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 978 for London Borough of Sutton and…Awarded

Further Competition under Insurance Placement DPS 978 for London Borough of Sutton and their appointed Insurance Broker - Marsh

Delivery: UK
Extensions: The Contract Period will be for 2 years (24 months) from the date of award with an option for a further 24 months. Contract start date: 1 April 2021
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 sub-criteria (4)
  • Claims Handling: 20%
  • Policy Cover: 15%
  • Added Value: 5%
  • price: 60%
Published award criteria (4)
  • Claims Handling: 20
  • Policy Cover: 15
  • Added Value: 5
  • 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 London…” 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
21 Apr 2021, 08:58 BST
Last source update
21 Apr 2021, 08:58 BST
Authority reference
DN506764
FTS notice number
2021/S 000-008418
Classification (CPV)
Financial and insurance servicesInsurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-02a853 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 4
Contracts signed 1latest 11 Mar 2021

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

Contracts

  • Contract 008418-2021-1-1

    Signed
    11 Mar 2021
    Value
    £523,436
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
4bids———

Contracting authority & participating public bodies

London Borough of Sutton

Contracting authorityLocal CouncilRegional or local authorityGeneral public services St Nicholas Way, Sutton, UK, SM1 1EAContact 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
  • Zurich MunicipalAdmitted to the market The Zurich Centre, 3000 Parkway, Whiteley, Fareham, UK, PO15 7JZContact email

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.