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Published 20 Mar 2023, 12:10 GMT

Official UK procurement notice

Management of Captive Insurance

Official notice

Authority: Nuclear Decommissioning Authority (Central government)

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: UK
Published estimate£1,250,000≈ £208k / year
Submissions closed 24 Apr 2023
Contract term 6 yrsends 29 Jun 2029 · starts 3 Jul 2023

What is being bought

Published requirement description

Procurement is for the appointment of a captive manager to oversee the day-to-day running of the Guernsey-based NDA captive insurance company, Rutherford Indemnity Limited (“Rutherford”).

CPV: Insurance services

The lotProcurement structure

single lot · value published
Lot #1 6 yrsPublished value£1,250,000
Contract period: 3 Jul 2023 – 29 Jun 2029 (6 yrs)
Delivery: UK
Variant bids: not allowed
66510000 Insurance services

Procedure terms & legal framework

From the official record
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
Yes (GPA)
Recurring procurement
No (one-off requirement)
First published
20 Mar 2023, 12:10 GMT
Last source update
20 Mar 2023, 12:10 GMT
Award evaluation window
20 Mar 2023 – …
Authority reference
C11280
FTS notice number
2023/S 000-007982
Classification (CPV)
Insurance services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-03b43b Find a Tender

How it was run

Official notice
Run through: portal not identified
Language: EN
Submission deadline
24 Apr 2023, 11:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
20 Mar 2023, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

one-nda.force.com/s/Welcome ↗

Timeline

20 Mar 2023 → 1 Sept 2023 · 5 dates
  1. Bids opened
    20 Mar 2023, 12:00 GMT
  2. Notice published
    20 Mar 2023, 12:10 GMT
  3. Submission deadline
    24 Apr 2023, 11:00 BST
  4. Contract starts
    3 Jul 2023, 00:00 BST
  5. Bids must remain valid until
    1 Sept 2023, 23:59 BST

Contracting authority & participating public bodies

Nuclear Decommissioning Authority

Contracting authorityCentral GovernmentBody governed by public lawNuclear N/A Herdus House Westlakes Science and Technology Park Moor Row, Cumbria, UK, CA24 3HUContact name, email Published organisation website ↗

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.