Awarded
LGSS Insurance Brokerage and Risk Financing.
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Descriptions
Cambridgeshire County Council (the ‘Authority’), wishes to invite Tenders for the supply of Insurance Brokerage and Risk Financing Services on behalf of the LGSS Insurance and the bodies (detailed below) that utilise their service.LGSS Insurance currently manages and provides insurance related services to Northamptonshire County Council, Cambridgeshire County Council, Norwich City Council, Northampton Borough Council and Northampton Partnership Homes.LGSS is a jointly owned shared service formed by Cambridgeshire County Council (CCC) and Northamptonshire County Council (NCC) in October 2010 through the merger of their corporate services into a single entity. LGSS is 1 of the UK's largest shared services ventures of its kind and is already delivering improved value to a wide range of customers across the public sector through sharing resources, process redesign and shared exploitation of technology.It is envisaged that the Authority will enter into a service contract (in the form set out within the Invitation to Tender for itself and for the benefit of its partner organisations who are listed in within this OJEU together with any future customers or partners that may subesquently utilise LGSS Insurance for their service. Therefore, in addition to the services to be provided to the Authority, the Authority may also require the successful provider to provide any of the services covered by this ITT to its partner organisations in accordance with the terms of the contract entered into with the Authority.The contract will be let to provide broker services and risk financing to the founding Counties, partners and clients. It is the expectation that further clients may wish to utilise this agreement during the course of its life therefore prices are sought on a variety of bases to cover a variety of situations.The contract can be serviced from any location and it is the aim of LGSS to utilise electronic methods of communication and service delivery as far as practicable. However attendance will be required at the clients' office locations in Cambridge, Northampton and Norwich as well as other locations should further clients join LGSS and utilise this contract during the course of the agreement.It is the intention of LGSS Insurance that all current and future partners and customers of LGSS Insurance shall utilise the appointed broker from this procurement. However no guarantees can be provided about the customers of LGSS utilising the arrangement.This Contract shall be open to all of LGSS including:i. partners and other organisations delegating services and or functions to LGSS (currently Cambridgeshire County Council, Northamptonshire County Council, Norwich City Council and Northampton Borough Council) who participate in LGSS' shared services venture;ii. existing and new customers of LGSS;iii. any city, district, borough or other local authority that seeks to work with or partner any LGSS partner authority (currently Cambridgeshire County and Northamptonshire County)including Northamptonshire Partnership Homes;iv. any companies or organisations set up by participants in LGSS;v. any school, academy, university or other educational establishment that obtains service from LGSS.It is difficult to predict the exact value of this contract as the Authorities' requirements are likely to vary over the contract term, The estimated contract value for this arrangement that is paid directly to the Insurance Brokerage Risk Financing and is estimated to be between 40 000 GBP and 55 000 GBP per annum across the public bodies who currently utilise LGSS Insurance to provide their service. This makes for an estimated total contract value for the life of this arrangement of between 280 000 GBP and 350 000 GBP. However Potential Providers should note this figure is just an estimation and may go up or reduce depending on the number of bodies utilising the LGSS Insurance Service.This contract is for 5 years, with an option to extend for 2 years, making 7 years in total. This to help enhance a long-term arrangement with the successful provider.The contract for Insurance Brokerage Services can be serviced from any location and it is the aim of LGSS to utilise electronic methods of communication and service delivery as far as practicable to limit the amount of travel required for fulfilment of this contract. However attendance will be required as agreed at the clients office locations in Cambridge, Northampton and Norwich as well as other locations should further clients join LGSS and utilise this contract during the course of the agreement.Potential Providers that submit a bid for Lot 1 or Lot 3 shall be invited to a presentation The presentations shall be held at Scott House, Huntingdon, Cambridgeshire, PE29 3BA on the Wednesday 19.8.2015. Providers are asked to note this time and location. Further details about the presentations are contained with the Invitation To Tender Documentation.Potential Providers are asked to note that Northamptonshire County Council are planning significant changes to the way that services are delivered and detailed within the Business Plan below:http://www.northamptonshire.gov.uk/en/councilservices/Council/performance/pages/plans.aspx
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Tender Regions
CPV Codes
66518000 - Insurance brokerage and agency services
66520000 - Pension services
66600000 - Treasury services
66100000 - Banking and investment services
66700000 - Reinsurance services
Keywords
banking services
investment advisory
capital markets
financial intermediation
asset placement
portfolio funding
financial brokerage
market investment services
investment facilitation
financial operations
insurance brokerage
insurance agency
intermediary services
broker services
agency representation
policy placement
client insurance advisor services
insurance distribution services
brokered insurance
agency insurance solutions
pension scheme services
retirement fund services
pension planning
pension administration
retirement benefit management
pension disbursement services
pension system operation
employee pension services
pension scheme operation
retirement fund administration
cash management
funding operations
public treasury
financial resource management
liquidity management
government treasury services
treasury operations
fiscal treasury
public funds administration
treasury oversight
reinsurance coverage
risk redistribution
reinsurer services
insurance risk sharing
treaty reinsurance
facultative reinsurance
insurer risk mitigation
reinsurance brokerage
reinsurance underwriting
risk transfer services
Tender Lot Details
2 Tender Lots
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Possible Competitors
1 Possible Competitors
