Find a TenderAwarded

Published 31 Aug 2022, 15:33 BST

Official UK procurement notice

PURCH2073 PROVISION OF FINE ART INSURANCE

Official notice

Authority: University of Glasgow (Education)

ServicesOpen procedureSME suitable

Sectors: Financial and insurance services (66) Delivery: Scotland (UKM82)

Awarded value£955,100published contract · exc. VAT

Awarded 15 Jul 2022

Awarded to AXA XL

What is being bought

Published requirement description

AWARD OF PURCH2073 PROVISION OF FINE ART INSURANCE

CPV: Insurance services

The lotProcurement structure

single lot · no lot value published

Lot #1Awarded

Delivery: Scotland · Glasgow

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: 60%Price: 40%

Published sub-criteria (4)

Technical - Service Support: 15%
Technical - Cover: 40%
Technical - Quality Assurance: 5%
price: 40%

Published award criteria (4)

Technical - Service Support: 15%
Technical - Cover: 40%
Technical - Quality Assurance: 5%
Price: 40%

What this means for your bid

Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

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: Unspecified in notice
First published: 31 Aug 2022, 15:33 BST
Last source update: 31 Aug 2022, 15:33 BST
Authority reference: PURCH2073
FTS notice number: 2022/S 000-024329
Classification (CPV): Insurance services
Delivery area: Scotland (UKM82)
Official registry OCID: ocds-h6vhtk-036482 Find a Tender

Publisher note: (SC Ref:704707)

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £955,1001 contract exc. VAT

Bids received 21 from SMEs

Contracts signed 1latest 15 Jul 2022

Awarded to	Value	Date	Status
AXA XL	£955,100 †	—	Awarded

Contracts

Contract 024329-2022-PURCH2073-1 · AXA XL
Signed
15 Jul 2022
Value
£955,100
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
2bids · 2 electronic · 2 from abroad	1	—	—

Contracting authority & participating public bodies

University of Glasgow

Contracting authorityEducationBody governed by public lawEducation Procurement Office, Tay House, Glasgow, Scotland, G12 8QQContact name, email, phone

Dispute resolution & review bodies

Glasgow Sheriff Court & Justice of the Peace CourtReview body GlasgowContact phone

Bidders & participating suppliers

1 commercial party on the notice

AXA XLAwarded supplier 20 Gracechurch Street, London, UK, EC3V 0BGContact email, phone

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.