Awarded
Procurement of Insurance Policy (12 months)
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Descriptions
Cartrefi Conwy requires comprehensive insurance coverage to protect its assets, operations, and liabilities. The current insurance policy is due to expire in December 2025. A competitive procurement procedure was planned in accordance with the Procurement Act 2023; however, during market engagement in July 2025, potential bidders confirmed that the contracting authority does not hold sufficient data to inform bidders of its insurance needs and enable competitive bids.
Specialist consultants were engaged to collate the necessary data, but due to the complexity and volume of information required, this exercise cannot be completed before the expiry of the current policy. Without adequate insurance, Cartrefi Conwy would face significant operational and financial risk.
Given these circumstances, there is an absence of competition for technical reasons: only the incumbent provider, who holds the relevant historical data and understands Cartrefi Conwy's insurance requirements, can supply the services needed. There is no reasonable alternative to the insurance cover required. The proposed direct award will provide a 12-month bridging contract, ensuring continuity of cover while enabling completion of the data-gathering exercise and preparation for a fully compliant competitive procurement process.
Timeline
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Tender Regions
CPV Codes
66510000 - Insurance services
66515000 - Damage or loss insurance services
Keywords
risk policies
theft and damage policy
general loss coverage
commercial insurance
general insurance
insurance contracts
valuables insurance
insurance provision
loss of asset coverage
personal insurance
casualty coverage
non-life insurance
damage risk protection
policy underwriting
loss mitigation services
damage indemnity insurance
casualty insurance services
loss prevention insurance
insurance product offerings
property damage insurance
Tender Lot Details & Award Criteria
2 Tender Lots
Workflows
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