Insurance Tender - Property Lot 1 Awards 2024-2029
key details
| Value | £3,310,440 |
|---|---|
| Status | complete |
| Category (CPV) | 66510000 +1 more |
| Deadline | 19 Feb 2024 |
| Contract start | 1 Apr 2024 |
| Contract end | 2 Apr 2029 |
| Procedure | open |
| SME suitable | No |
| OCID | ocds-b5fd17-0efafc7e-dace-41a0-9479-854a7a04af57 |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| Protector Forsikring ASA | £3,310,440 | 4 Mar 2024 | active |
description
The Royal Borough of Kensington & Chelsea (RBKC) has awarded an insurance tender - Property Lot 1 2024-2029 contract to Protector Insurance (Company No: FC033034) for the delivery of Property insurance.
The contract is split into 10 Lots as follows:
Lot 1: Property
Lot 2: Combined Liability Lot 3: Terrorism
Lot 4: Director & Officers Liability Lot 5: Crime
Lot 6: PA and Travel Lot 7: School Journey Lot 8: Motor Fleet Lot 9: Residential leasehold buildings Lot 10 Engineering Inspection
The tender was carried out using the Open procedure using the Council's capitalEsourcing portal. The Contract Notice was published on 19th of January 2024 and open for 30 days and closed on 19th of February 2024.
The contract will be established for an initial duration of five-year arrangement, premiums are not fixed by the insurers as they will be subject to annual index linking to reflect the current inflation at that time. This ensures the Councils' assets are adequately insured and not subject to under-insurance. Additionally, the rate applied by the insurers may be adjusted dependent on the claims loss ratio.
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 18 Apr 2024 | Award (award) | · | 595082f9-9156-4760-9182-a099b7744084-742188 |
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source
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