Official UK procurement notice
LUPC Provision of Insurance Services (excluding Broking Services)
Authority: LUPC Ltd (Public body)
What is being bought16 lots · detail below
Published requirement descriptionLondon Universities Purchasing Consortium (LUPC) is undertaking this tendering process in accordance with the Open Procedure requirements of PCR2015 for and on behalf of the Insurance Group (IG), a group of around 35 participating institutions, principally made up of members of LUPC (www.lupc.ac.uk/members/our-members ↗) together with a number of SUPC institutions (www.supc.ac.uk/our-members/ ↗) and one NWUPC institution (www.nwupc.ac.uk/ourmembers ↗). 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 (www.neupc.ac.uk/who-are-ourmembers ↗). The appointed provider(s) will commence service 1 August 2022 and arrange the provision of a wide range of insurance services across 16 Lots (plus sub-Lots) on behalf of the IG. The initial length of this non-framework contract is three years with the option to extend two further years subject to satisfactory performance.
CPV: Contractor's all-risk insurance services · Engineering insurance services · Financial loss insurance services · General liability insurance services · Insurance services · Liability insurance services · Marine, aviation and other transport insurance services · Medical insurance services · Motor vehicle insurance services · Pecuniary loss insurance services · Professional liability insurance services · Property insurance services · +2 more
Lots and requirements (16)Procurement structure
16 lots · no lot values publishedLot #1PropertyRenewal
Purchase of Material Damage, Business Interruption, Money, All Risks insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services). Additional information: Lot 1 also includes the provision to individually award on either a full or sub-Lot basis (Lots 1a, b and c), which are determined by the participating insurance group members.
Lot #2ComputerRenewal
Purchase of Computer Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #3Contract WorksRenewal
Purchase of Property Insurance Services (CAR) for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #4Combined LiabilityRenewal
Purchase of Employers Liability, Public Liability, Products Liability, Hirers Liability insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #5Excess LiabilityRenewal
Purchase of Excess Employers, Public and Products Liability Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #6Management LiabilityRenewal
Purchase of Directors & Officers, Officials Indemnity Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #7Professional IndemnityRenewal
Purchase of Professional Indemnity insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services). Additional information: Lot 7 also includes the provision to individually award on either a full or sub-Lot basis (Lots 7a and b), which are determined by the participating insurance group members.
Lot #8CrimeRenewal
Purchase of Fidelity Guarantee, Crime insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #9Motor FleetRenewal
Purchase of Motor Fleet insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #10Clinical TrialsRenewal
Purchase of Clinical Trials Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #11Medical MalpracticeRenewal
Purchase of Medical Malpractice Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #12TerrorismRenewal
Purchase of Terrorism Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #13Fine ArtRenewal
Purchase of Fine Art All Risks Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #14Engineering Inspection and InsuranceRenewal
Purchase of Engineering Insurance and Engineering Inspection Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #15Deterioration of StockRenewal
Purchase of Deterioration of Stock Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
Lot #16MarineRenewal
Purchase of Marine Insurance Services for the London Universities Purchasing Consortium (excluding Insurance Broking Services).
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 level(s) of standards possibly required:
All bidders should hold a S&P rating of A minus, or equivalent, as a minimum.
- Technical & professional ability
Service providers shall be authorised to write the class of insurance listed subject to English law and jurisdiction of English Courts.
Experience of providing insurance for similar organisations.
Willing to be vetted, and as set out in detail in the tender documents.
- 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.2.4.
This competition does not include a requirement for insurance broking services. Bids from
insurance brokers (or equivalent organisations) are permitted but only where they are
accompanied with a letter of agreement, or similar/equivalent indication of authority from the
insurer(s) they are operating on behalf of. Such indication must be signed by an authorised
representative of each insurer and confirm that the broker (or other organisation) has due
authority to respond on behalf of the insurer(s). Insurers are not permitted to submit multiple bids, for example, direct and via a broker.
- 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
- 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
- 18 Feb 2022, 13:09 GMT
- Last source update
- 14 Mar 2022, 11:54 GMT
- Award evaluation window
- 29 Apr 2022 – …
- Authority reference
INS5075 LU- FTS notice number
2022/S 000-006842- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0318ccFind a Tender
- Review procedure
Any appeals should be promptly brought to the attention of the contracting authority by emailing the named contact in Section I.1 above and will be dealt with in accordance with the requirements of the Public Contracts Regulations 2015. Any appeals must be brought within the timescale specified by the applicable law, including, without limitation, the Public Contract Regulations 2015. In accordance with such Regulations, the contracting authority will also incorporate a minimum 10 calendar day standstill period from the date information on the award of contract is communicated to tenderers.
Publisher note: IG Members at time of notice: Birkbeck, University of London / Brunel University London / City, University of London / Goldsmiths, University of London / Imperial College of Science, Technology and Medicine / King's College London / London Academy of Music and Dynamic Arts (LAMDA) / London Metropolitan University / London School of Economics / London South Bank University / Middlesex University / Natural History Museum / Queen Mary University of London / Royal College of Music / Royal Holloway, University of London / SOAS, University of London / Solent University / The Courtauld Institute of Art / The Royal College of Surgeons of England / The Royal Veterinary College / The University of Buckingham / Trinity Laban Conservatoire of Music & Dance / University College London / University of East London / University of Hertfordshire / University of London, Senate House / University of Portsmouth / University of Reading / University of Roehampton / University of Southampton / University of Surrey / University of West London / University of Westminster / University of Wolverhampton
How it was run
Official notice- Submission deadline
- 29 Apr 2022, 14:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bids opened
- 29 Apr 2022, 14:00 BST
Timeline
14 Mar 2022 → 1 Aug 2022 · 4 dates- Notice published14 Mar 2022, 11:54 GMT
- Submission deadline29 Apr 2022, 14:00 BST
- Bids opened29 Apr 2022, 14:00 BST
- Contract starts1 Aug 2022, 00:00 BST
Notice history
2 releases on Find a TenderPublished amendments (1)
We are applying a voluntary tender submission deadline extension, which takes this from 29 April 2022 to 6 May 2022.
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview bodyReview contact point
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.