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II.1.1) Title
Insurance and Related Services for Radian
Reference number: P/RAD 0758/2020
II.1.2) Main CPV code
66000000
II.1.3) Type of contract
Services
II.1.4) Short description
This opportunity has been issued by Gibbs Laidler on behalf of Radian, the Radian Group Ltd and its subsidiary organisations in connection with a competitive procurement process conducted in accordance with the under Regulation 28 of the Public Contracts Regulations 2015. This opportunity is to identify suitable provision of insurance and related services and claims handling services as required, by Radian Group Ltd and subsidiary organisations. Radian have over 90 years’ experience building and managing homes for those in need of affordable housing. In November 2019, housing provider Yarlington Housing Group became a subsidiary of Radian Group Ltd. Together, we have a growing portfolio of over 38 000 units across the south and south west of England (see map below) and plan to deliver 10 000 new homes over the next 10 years. For more information on Radian please go to our website at www.radian.co.uk
II.1.5) Estimated total value
Value excluding VAT:
11 000 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
Yes
Tenders may be submitted for all lots
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:
The contracting authority reserves the right to award contracts combining the following lots or groups of lots. Lots 1-5 will be individually evaluated and multiple awards may result, Lot 5 may be awarded instead of Lots 1-4. Where the respondee is an insurance broker, it may choose to place the insurance(s) required within each lot with different insurers at it's discretion, but full details of
Lot No: 1
II.2.1) Title
Insurance and Related Services for Property, Legal Liability and Other General (Non-life) Insurable Risks, as Required by Radian Group Ltd and Subsidiary Organisations (inc Yarlington Housing Group)
II.2.2) Additional CPV code(s)
66513000
66515200
66518000
66517300
66513200
66515100
66516000
66515000
66515410
66516400
66518300
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
A programme of general insurance and related services for Radian Group Ltd and subsidiary organisations (inc Yarlington Housing Group), excluding Motor fleet risks (see Lot 2) and engineering insurance/inspection (see Lot 3) and terrorism (see Lot 4). The programme will require Insurance and related services for risks that may include but not be limited to: property damage and business interruption, employers, public, products and property owners liability, business combined/office, money, all risks, computer, contract works, group personal accident, professional indemnity, fidelity guarantee/crime, employment practices liability and terrorism.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
7 500 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
01/07/2020
End:
30/06/2023
This contract is subject to renewal: Yes
Description of renewals:
Radian Group Ltd and subsidiary organisations (inc Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 4
Objective criteria for choosing the limited number of candidates:
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 for each lot will be ranked according to the highest score achieved for the specific lot and maybe rejected in reverse order to achieve our maximum number of operators for each lot of the ITT stage. Selection criteria for the SQ stage are summarised in this contract notice but will be more fully stated in the SQ documentation. https://in-tendhost.co.uk/radian/aspx/Home
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Radian Group Ltd and subsidiary organisations (inc Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
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
Lot No: 2
II.2.1) Title
Insurance and Related Services for Motor Vehicle Risks (Possibly Including Motor Legal Expenses and Occasional Business Use)
II.2.2) Additional CPV code(s)
66514110
66518000
66517300
66514000
66516100
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
Insurance and related services for motor vehicle risks (possibly including motor legal expenses and Occasional business use extensions).
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 500 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
01/07/2020
End:
30/06/2023
This contract is subject to renewal: Yes
Description of renewals:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 4
Objective criteria for choosing the limited number of candidates:
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 for each lot will be ranked according to the highest score achieved for the specific lot and maybe rejected in reverse order to achieve our maximum number of operators for each lot of the ITT stage. Selection criteria for the SQ stage are summarised in this contract notice but will be more fully stated in the SQ documentation. https://in-tendhost.co.uk/radian/aspx/Home
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
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
Lot No: 3
II.2.1) Title
Engineering Plant and a Programme of Engineering Inspections — Insurance and Related Services Associated Items
II.2.2) Additional CPV code(s)
71631000
66518000
66517300
66519200
71631300
71632200
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
Engineering insurance and an associated programme of inspections for statutory and other items of engineering plant and equipment. The contracting authority may require that LOLER Certification is planned 5 monthly, which will allow the association 1 month to re-book appointments where access has not been gained. In addition, the contracting authority requires that the delivery of LOLER visits is done in line with its ‘No access process’, this includes evidenced appointments and records of any appointment failures.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
275 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
01/07/2020
End:
30/06/2023
This contract is subject to renewal: Yes
Description of renewals:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 4
Objective criteria for choosing the limited number of candidates:
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 for each lot will be ranked according to the highest score achieved for the specific lot and maybe rejected in reverse order to achieve our maximum number of operators for each lot of the ITT stage. Selection criteria for the SQ stage are summarised in this contract notice but will be more fully stated in the SQ documentation. https://in-tendhost.co.uk/radian/aspx/Home
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
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
Lot No: 4
II.2.1) Title
Insurance and Related Services Associated with Terrorism Insurance
II.2.2) Additional CPV code(s)
66517300
66510000
66518300
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
Insurance and related services for terrorism insurance.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
500 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
01/07/2020
End:
30/06/2023
This contract is subject to renewal: Yes
Description of renewals:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 4
Objective criteria for choosing the limited number of candidates:
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 for each lot will be ranked according to the highest score achieved for the specific lot and maybe rejected in reverse order to achieve our maximum number of operators for each lot of the ITT stage. Selection criteria for the SQ stage are summarised in this contract notice but will be more fully stated in the SQ documentation. https://in-tendhost.co.uk/radian/aspx/Home
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
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
Lot No: 5
II.2.1) Title
An Optional Lot Enabling Radian Group Ltd and subSidiary Organisations (inc Yarlington Housing Group) to Consider a Combined Award of all Insurance and Related Services Required Under Lots 1-4
II.2.2) Additional CPV code(s)
66000000
66515200
66515411
66514110
66513200
66515100
66515400
66515000
66516000
71000000
66516500
66515410
66516100
66510000
66518300
66519200
66517300
II.2.3) Place of performance
NUTS code:
UK
Main site or place of performance:
II.2.4) Description of the procurement
An optional lot enabling Radian Group Ltd and subsidiary organisations (inc Yarlington Housing Group) and subsidiary organisations to consider a combined award of all insurance and related services required under Lots 1-4. Radian Group Ltd and subsidiary organisations (inc Yarlington Housing Group) reserves its right to award Lot 1 or Lot 5 at its sole discretion. Each lot will be fairly and individually evaluated.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
11 000 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Start:
01/07/2020
End:
30/06/2023
This contract is subject to renewal: Yes
Description of renewals:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
II.2.9) Information about the limits on the number of candidates to be invited
Envisaged minimum number: 4
Objective criteria for choosing the limited number of candidates:
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 for each lot will be ranked according to the highest score achieved for the specific lot and maybe rejected in reverse order to achieve our maximum number of operators for each lot of the ITT stage. Selection criteria for the SQ stage are summarised in this contract notice but will be more fully stated in the SQ documentation. https://in-tendhost.co.uk/radian/aspx/Home
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
Radian Group Ltd and subsidiary organisations (inc. Yarlington 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 the option to extend the award period by up to 2 further 1 year options (or 2 periods of insurance), subject to satisfactory service, performance and cost.
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
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
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 permissions by the FCA, PRA or other appropriate regulatory authority indicating the types of insurance/service the bidder is authorised to arrange or provide.
III.1.2) Economic and financial standing
List and brief description of selection criteria:
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. Selection criteria as stated in the procurement documents.
Minimum level(s) of standards required:
The financial ability to deliver the Programme, including Insurers with a minimum rating of ‘A’ from S&P 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
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Bidders should note that for reasons of confidentiality, full tender information will be made available only to those bidders that are selected to proceed to the ITT Stage. Sufficient detail is provided within this notice, the SQ and via the authority's e-procurement portal to enable the Bidder to decide whether to participate in this process. At the ITT stage, all respondents will be required to detail your proposed insurance wordings and provide details of relevant experience of all account servicing, claims handling and risk management staff. 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. Full details of the tender can be found at the following address: https://in-tendhost.co.uk/radian/aspx/Home