Official UK procurement notice
Insurance for Leaseholder Properties (C3)
Authority: Woking Borough Council (Local council)
What is being bought
Published requirement descriptionWoking Borough Council (WBC) is seeking to procure Insurance cover for domestic leaseholder properties.
CPV: Insurance services · Property insurance services
The lotProcurement structure
single lot · no lot value publishedLot #1Insurance cover for domestic leaseholder propertiesRenewal
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).
- Suitability
This tender is open only to insurance companies and Managing General Agents regulated by the Financial Conduct Authority and Market Act 2000, Insurance Companies Act 1982 and any other statutory modifications thereof. Insurance companies and MGA’s may provide terms through an intermediary /broker.
For the avoidance of doubt this competition does not include a requirement for insurance broking services and placement of coverage will be by Gallagher with the bidding Insurers/MGA and not via the introducing intermediary.
Evaluation will be undertaken as referred to within the ITT document
- Economic & financial standing
Applicants are requested to provide with their letter of application details of their financial standing, including confirmation of company registration number and the company address.
Applicants may be asked for further information if the Authority feels it is necessary.
The financial assessment will be based upon a credit check and review of the supplied accounts in relation to the value of business for the Lot applied for.
Minimum: All bidders should hold a Standard & Poor's (or equivalent rating agency) rating of A- or better. If you do not hold a financial rating from a rating agency, please provide your financial statements for the past two years for consideration of Woking Borough Council and their brok… - Technical & professional ability
Service providers shall be authorised to write the classes of insurance listed within EU member states subject to English law and jurisdiction of English Courts
- Technical & professional ability
Financial Services and Market Act 2000, Insurance Companies Act 1982 and other statutory modifications thereof, and associated obligations of the Financial Conduct Authority.
Insurers must be authorised to carry out business in the relevant class of insurance listed in II.1.4.
This competition does not include a requirement for insurance broking services and insurance brokers are not eligible to participate in the tender.
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
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 2 Dec 2021, 12:15 GMT
- Last source update
- 2 Dec 2021, 12:15 GMT
- Award evaluation window
- 25 Jan 2022 – …
- FTS notice number
2021/S 000-029940- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-02fc6aFind a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: The contracting authority shall not be liable for any costs incurred by those applicants tendering for this contract.The contracting authority reserves the right to terminate the tendering exercise at any time without the award of a contract. This procurement will be managed electronically via the Woking Borough Council procurement portal using https://delta-esourcing.com . To participate in this procurement, participants must first be registered on https://delta-esourcing.com. If you have not yet registered, please go online to https://delta-esourcing.com. You can then access the link to register. If you experience any technical difficulties please contact the Delta eSourcing Helpdesk on call +44 8452707050 or e-mail helpdesk@delta-esourcing.com . For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Woking:-Insurance-services./WKAFN455R8 To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/WKAFN455R8 GO Reference: GO-2021122-PRO-19327844
How it was run
Official notice- Submission deadline
- 24 Jan 2022, 14:00 GMT
- Submission channel
- {"written"}
- Accepted languages
- en
- Bids opened
- 25 Jan 2022, 09:00 GMT
Timeline
2 Dec 2021 → 1 Apr 2022 · 4 dates- Notice published2 Dec 2021, 12:15 GMT
- Submission deadline24 Jan 2022, 14:00 GMT
- Bids opened25 Jan 2022, 09:00 GMT
- Contract starts1 Apr 2022, 00:00 BST
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.