CONTRACT FOR THE PROVISION OF PROPERTY INSURANCE PACKAGE, COMBINED LIABILITY & FIDELITY GUARANTEE, MOTOR FLEET INSURANCE, BALTIC - PROPERTY OWNERS INSURANCE, SAGE - MATERIAL DAMAGE INSURANCE & ENGINEERING INSPECTION AND INSURANCE

A Contract Award Notice
by GATESHEAD COUNCIL

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
5M-16M
Sector
BUSINESS
Published
02 Feb 2022
Delivery
not specified
Deadline
n/a

Concepts

Location

Northumberland and Tyne and Wear:

Geochart for 1 buyers and 6 suppliers

1 buyer

4 suppliers

Description

Gateshead Council required suitably qualified and experience insurance companies (NOT BROKERS) to provide Insurance in the following: Lot 1: Property Insurance Combined Lot 2: Combined Liability & Fidelity Guarantee Lot 3: Motor Fleet Lot 4: Baltic - Property Owners Lot 5: Sage - Material Damage Lot 6: Engineering Inspection and Insurance Suitably qualified Companies were invited to submit responses for 1 or more Lots.

Lot Division

1 Property Insurance Combined
  • Value: 2M-9M

Property Insurance Combined

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Risk Management 2.5%
Claims Handling Requirements 7.5%
General/Resource of Contract 2.5%
Rate Stability 2.5%
Social Value 10%
price 60%
2 Combined Liability & Fidelity Guarantee
  • Value: 2M-2M

Combined Liability & Fidelity Guarantee

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Risk Management 2.5%
Claims Handling Requirements 7.5%
General/Resource of Contract 2.5%
Rate Stability 2.5%
Social Value 10%
price 60%
3 Motor Fleet
  • Value: 312K-1M

Motor Fleet

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Risk Management 2.5%
Claims Handling Requirements 7.5%
General/Resource of Contract 2.5%
Rate Stability 2.5%
Social Value 10%
price 60%
4 Baltic - Property Owners
  • Value: 150K-219K

Baltic - Property Owners

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Risk Management 2.5%
Claims Handling Requirements 7.5%
General/Resource of Contract 2.5%
Rate Stability 2.5%
Social Value 10%
price 60%
5 Sage - Material Damage
  • Value: 208K-2M

Sage - Material Damage

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Risk Management 2.5%
Claims Handling Requirements 7.5%
General/Resource of Contract 2.5%
Rate Stability 2.5%
Social Value 10%
price 60%
6 Engineering Inspection and Insurance
  • Value: 631K-644K

Engineering Inspection and Insurance

Award Criteria
Compliance with Core Cover Requirements 10%
Additional Policy Benefits 5%
Claims Handling Requirements 7.5%
General/Resource of Contract 5%
Rate Stability 2.5%
Social Value 10%
price 60%

Award Detail

1 Travelers Insurance (London)
  • Reference: 003050-2022-1
2 Zurich Insurance (Fareham)
  • Reference: 003050-2022-2
3 Zurich Insurance (Fareham)
  • Reference: 003050-2022-3
4 Protector Insurance (Manchester)
  • Reference: 003050-2022-4
5 Protector Insurance (Manchester)
  • Reference: 003050-2022-5
6 Risk Management Partners (London)
  • Reference: 003050-2022-6

CPV Codes

  • 66000000 - Financial and insurance services

Indicators

  • Options are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains