Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
London Universities Purchasing Consortium
04784719
Shropshire House, 179 Tottenham Court Road, Fitzrovia
London
W1T 7NZ
UK
Contact person: Mike Kilner
Telephone: +44 2073072768
E-mail: m.kilner@lupc.ac.uk
NUTS: UK
Internet address(es)
Main address: https://www.lupc.ac.uk
Address of the buyer profile: https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/81165
I.2) Joint procurement
The contract is awarded by a central purchasing body
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Insurance Services (Financial Lines)
Reference number: INS5067 LU
II.1.2) Main CPV code
66510000
II.1.3) Type of contract
Services
II.1.4) Short description
London Universities Purchasing Consortium (LUPC) is seeking quotations for its financial lines insurance covers (professional indemnity, directors and officers liability and crime/fidelity guarantee) commencing 1 August 2020 on a maximum 5-year basis. The LUPC Insurance Group (IG) is a group of 40 participating institutions, principally made up of members of LUPC (https://www.lupc.ac.uk/member-list) together with a number of SUPC institutions (http://www.supc.ac.uk/about-us/our-members/our-members). Members of NWUPC (https://www.nwupc.ac.uk/our-members) and NEUPC (http://www.neupc.ac.uk/who-are-our-members) are also permitted to use the agreement. Gallagher as the appointed insurance broker to LUPC, will provide technical support and guidance throughout the procurement exercise. For the avoidance of doubt, LUPC as the contracting authority, will have complete control over bid evaluations and make all awards.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
13 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Miscellaneous Liability inc D&O
II.2.2) Additional CPV code(s)
66510000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Southern England including London, East and West Midlands.
II.2.4) Description of the procurement
Miscellaneous liability inc D&O insurance as outlined further in the documentation.
II.2.5) Award criteria
Quality criterion: Cover
/ Weighting: 35
Quality criterion: Claims handling
/ Weighting: 10
Quality criterion: Additional services
/ Weighting: 15
Price
/ Weighting:
40
II.2.11) Information about options
Options:
Yes
Description of options:
Options exist for the extension of the agreement for a maximum of a further 2 years subject to satisfactory supplier performance.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
The advertised estimated total value is GBP 15 000 000, which is to allow for new members to potentially join the insurance group over the 5 years from award.
Lot No: 2
II.2.1) Title
Professional Indemnity
II.2.2) Additional CPV code(s)
66510000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Southern England including London, East and West Midlands.
II.2.4) Description of the procurement
Professional indemnity insurance as outlined further in the documentation.
II.2.5) Award criteria
Quality criterion: Cover
/ Weighting: 35
Quality criterion: Claims handling
/ Weighting: 10
Quality criterion: Additional services
/ Weighting: 15
Price
/ Weighting:
40
II.2.11) Information about options
Options:
Yes
Description of options:
Options exist for the extension of the agreement for a maximum of a further 2 years subject to satisfactory supplier performance.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 3
II.2.1) Title
Third Party Crime
II.2.2) Additional CPV code(s)
66510000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Southern England including London, East and West Midlands.
II.2.4) Description of the procurement
Third party crime insurance as outlined further in the documentation.
II.2.5) Award criteria
Quality criterion: Cover
/ Weighting: 35
Quality criterion: Claims handling
/ Weighting: 10
Quality criterion: Additional services
/ Weighting: 15
Price
/ Weighting:
40
II.2.11) Information about options
Options:
Yes
Description of options:
Options exist for the extension of the agreement for a maximum of a further 2 years subject to satisfactory supplier performance.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 4
II.2.1) Title
Financial Lines Insurance on a Package Basis
II.2.2) Additional CPV code(s)
66510000
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
Southern England including London, East and West Midlands.
II.2.4) Description of the procurement
Miscellaneous liability inc D&O, professional indemnity and third party crime insurance on a package basis.
II.2.5) Award criteria
Quality criterion: Cover
/ Weighting: 35
Quality criterion: Claims handling
/ Weighting: 10
Quality criterion: Additional services
/ Weighting: 15
Price
/ Weighting:
40
II.2.11) Information about options
Options:
Yes
Description of options:
Options exist for the extension of the agreement for a maximum of a further 2 years subject to satisfactory supplier performance.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2020/S 094-225726
IV.2.9) Information about termination of call for competition in the form of a prior information notice
The contracting authority will not award any further contracts based on the above prior information notice
Section V: Award of contract
Lot No: 4
Contract No: 1
Title: Insurance Services (Financial Lines)
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
20/07/2020
V.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from tenderers from EU Member States: 0
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
RSA Insurance Group PLC
2339826
20 Fenchurch Street
London
EC3M 3AU
UK
Telephone: +44 1403232323
E-mail: val.corrigan@uk.rsagroup.com
NUTS: UK
Internet address(es)
URL: https://www.rsagroup.com/
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 13 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
London Universities Purchasing Consortium (a company limited by guarantee reg. No 04784719)
Shropshire House, 179 Tottenham Court Road
London
W1T 7NZ
UK
Telephone: +44 2073072760
Internet address(es)
URL: http://www.lupc.ac.uk
VI.5) Date of dispatch of this notice
17/08/2020