United Kingdom-Stockton-on-Tees: Insurance services
Section I: Contracting authority
Main address: https://www.delta-esourcing.com
Address of the buyer profile: www.northstarhg.co.uk
Section II: Object
Provision of General (non-life) Insurance and Related Services to North Star Housing Group
Insurance and related services for property, legal liability and other general non-life insurable risks, as required by North Star Housing Group.
North East (ENGLAND)
A programme of general insurance and related services for North Star Housing Group, including an Engineering Inspection contract. The programme will require insurance and related services for risks that may include but not be limited to:
— property damage and business interruption,
— products and property owners liability,
— business combined/office,
— all risks,
— contract works,
— group personal accident,
— professional indemnity,
— fidelity guarantee/crime,
— employment practices liability,
— cyber and terrorism.
The insurance policy contracts will be annually renewable, although North Star Housing Group will consider entering into long term agreements with the bidder and/or the risk carriers proposed by the bidder, for 3 years (or 3 periods of insurance), with an option to extend the award period by up to 2 further years (or 2 periods of insurance), subject to satisfactory service, performance and cost. There is a desire to change the annual Renewal date to 01/04 annually.
This will be a 2 stage process, including a SQ (Selection Questionnaire) stage. Bidders failing to meet certain required minimum standards at selection (SQ) stage will be rejected. Bidders meeting the required standards at SQ stage will be ranked according to the highest score achieved and may be rejected in reverse order to achieve our maximum number of operators for the ITT stage. Selection criteria for the SQ stage are stated in the SQ documentation.
North Star Housing Group will consider entering into long term agreements with the bidder and/or the bidder's proposed risk carriers for 3 years (or 3 periods of insurance), with an option to extend the award period subject to service, performance and cost.
As per tender documentation.
Section III: Legal, economic, financial and technical information
Potential suppliers will be required to provide an overview of services provided to property owners, public sector organisations, social landlords or other relevant organisations over the past 5 years, plus details of 3 clients currently receiving similar services. Potential suppliers will be asked to evidence permission by the FCA, PRA or other appropriate regulatory authority indicating the types of insurance /service the bidder is authorised to arrange or provide.
The tender documents will require providers to produce financial information in relation to the type of services offered, including but not limited to 3 years reports and accounts.
The financial ability to deliver the Programme, including Insurers with a minimum rating of “B++” from A M Best, or an equivalent rating by an independent and reputable credit rating agency and approved by the bidder’s market security committee. In the case of a rating less than A-, North Star Housing Group will evaluate and accept the nominated insurer(s) at its sole discretion, subject to disclosure and acceptance prior to the Bid deadline of the bidder’s market security committee’s latest report, including written recommendation from the bidder’s market security committee.
The tender documents will require providers to detail their relevant professional experience, resource, skills, qualifications and quality control practices.
For insurance services, Insurers Authorised under the Financial Services and Markets Act 2000, Insurance Companies Act 1982 (and any other statutory modifications thereof) and regulated by the prudential regulation authority, UK financial conduct authority, or equivalent in another member state of the European Economic Area. insurance brokers registered with and regulated by the financial conduct authority.
Section IV: Procedure
Section VI: Complementary information
Between 3 or 5 years from the date of this notice.
The Contracting Authority considers that this contract may be suitable for economic operators that are Small or Medium Enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
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GO Reference: GO-201927-PRO-14033023
The Contracting Authority will enter into this contract following a 10 calendar day standstill period starting on the day after the notification of the result. The Public Contracts Regulations 2015 provide for aggrieved parties who have been harmed or who are at risk of harm by a breach of the regulations to bring proceedings in the High Court. Any such proceedings must be brought within the limitation period specified by the Regulations according to the remedy sought.