Official UK procurement notice
Insurance Brokerage (Non-Life) including Risk Management Services
Authority: LUPC Ltd (Public body)
What is being bought
Published requirement descriptionLondon Universities Purchasing Consortium (LUPC) undertook this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (www.lupc.ac.uk/member-list ↗) together with a number of SUPC institutions (www.supc.ac.uk/our-members/ ↗) and one NWUPC member (www.nwupc.ac.uk/our-members ↗). It is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (www.neupc.ac.uk/who-are-our-members ↗). The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism and clinical trials.
- Recurrence: Between 5 and 7 years
CPV: Insurance brokerage services
The lotProcurement structure
single lot · value publishedLot #1London Universities Purchasing Consortium (LUPC), a company limited by guarantee,…AwardedRenewalPublished value£5,000,000
London Universities Purchasing Consortium (LUPC), a company limited by guarantee, undertook this tendering process for Insurance brokerage services for and on behalf of the LUPC Insurance Group (IG), a group of 40 participating institutions, principally made up of more than 20 members of LUPC (www.lupc.ac.uk/member-list ↗) together with a number of SUPC institutions (www.supc.ac.uk/our-members/ ↗) and one NWUPC member (www.nwupc.ac.uk/our-members ↗), the University of Wolverhampton. In addition to these HE Consortia, it is also possible that at some point within the lifetime of the agreement it may be used by Members (full and associate) of the NEUPC purchasing consortia: (www.neupc.ac.uk/who-are-our-members ↗).
The appointed broker will commence servicing the IG from 1 September 2021, which includes the placement and management of several insurance lines including but not limited to: property and business interruption, money risks, engineering, motor, employers and public liability, financial lines, terrorism, clinical research and trials and cyber-related risks.
The initial length of this non-framework, single-source contract is three years with the option to extend to seven years subject to satisfactory performance.
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).
- Quality: 2/3
- Price: 1/3
- Suitability
Authorised and regulated by the UK Financial Conduct Authority and a member of the British Insurance Brokers’ Association or an equivalent insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers at the national level.
- Condition of participationno text publishedMinimum: As stated in the procurement documents.
- Staff
- Names and qualifications of delivery staff must be submitted
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open 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
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes · Between 5 and 7 years
- First published
- 3 Feb 2021, 16:05 GMT
- Last source update
- 2 Sept 2021, 11:23 BST
- Award evaluation window
- 10 May 2021 – …
- Authority reference
INS5070 LU- FTS notice number
2021/S 000-021721- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-028ff5Find a Tender
- Performance terms
As stated in the procurement documents.
- Review procedure
LUPC will incorporate a standstill period at the point information on the award of the contract is communicated to tenderers. That notification will provide full information on the award decision. The standstill period, which will be for a minimum of 10 calendar days, provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into. The Public Contracts Regulations 2015 (SI 2015 No 102) provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland) within 30 days of knowledge or constructive knowledge of breach.
Publisher note: Access to the proprietary IG membership information within the main tender documentation is restricted by password protection, which will be released upon signed completion of the confidentiality agreement open form included in the documentation. The contracting authority reserves the right to cancel the procurement and not to proceed with the award of any contract at any stage of the procurement process and/or to award only part or parts of any contract. Save for any mandatory periods the timescales in this notice are purely indicative and the contracting authority reserves the right to amend the same.
How it was run
Official notice- Submission deadline
- 10 May 2021, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Participation fee
- document
- Bid validity
- 90 days from the deadline
- Bids opened
- 10 May 2021, 12:00 BST
Timeline
4 Feb 2021 → 2 Sept 2021 · 4 dates- Next notice expected4 Feb 2021
- Submission deadline10 May 2021, 12:00 BST
- Bids opened10 May 2021, 12:00 BST
- Notice published2 Sept 2021, 11:23 BST
Notice history
5 events · 3 releases on Find a Tender · since 31 Mar 2021- Published value published: £5,000,00031 Mar 2021, 13:06 BST
- Status changed to active31 Mar 2021, 13:06 BST
- Procurement method changed31 Mar 2021, 13:06 BST
- Deadline published: 10 May 2021, 12:00 BST31 Mar 2021, 13:06 BST
- Status changed to complete2 Sept 2021, 11:23 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Arthur J. Gallagher Insurance Brokers Ltd | £3,000,000 † | — | Awarded |
Contracts
Insurance Brokerage (Non-Life) including Risk Management Services · Arthur J. Gallagher Insurance Brokers Ltd
- Signed
- 31 Aug 2021
- Value
- £3,000,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids | — | — | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Arthur J. Gallagher Insurance Brokers LimitedAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.