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Framework Agreement for the supply of insurance services - SIMPLE TCI

Northern Housing Consortium Published 3 Oct 2020 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£16,000,000
Statusactive
Category (CPV) 66518200
Deadline9 Jun 2016
Contract start1 Apr 2017
Contract end31 Mar 2021
Procedureopen
SME suitableYes
OCIDocds-b5fd17-c90f2669-cebb-47b5-acf2-0768e7c09699

description

Modification Notice

Original description: Insurance services (excluding Brokerage services). The scope of this framework is for the provision of an insurance provider to deliver the Northern Housing Consortium's (NHC) "SIMPLE" brand of Tenant Contents Insurance to current and future members of the NHC via our appointed brokers Marsh Ltd.

The primary objective of SIMPLE is to provide tenants who live in social accommodation access to insurance services that are affordable, easy to understand and appropriate to the tenants needs. The intention is that this is provided by one supplier through portfolio underwriting.

Description of the modifications

We believe the justification meets the criteria of Regulation 72.1(c), and as such we have modified the contract to extend by 12 months until April 2022. We believe this to be a proportional modification based on the fact that the insurance market works on a 12 month cycle.

Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:

Covid-19 has seen that engagement required in order to successfully run a procurement at this time is not possible The insurance market requires stability which can not be offered at this time because of Covid-19. Covid 19 has created unprecedented losses through the UK and the rest of the world, with insurers reacting rapidly to close down unforeseen risks. Contact Solutions@consortiumprocurement.org.uk for full detailed justification for extension.

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notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
3 Oct 2020 Tender (tender) · 7a32bbd3-68db-4e17-aa89-bf9dbfac306e-384867

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