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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Isle of Wight Council |
| Main Category: | Services |
| Procurement Method: | Award of contract without prior publication of a contract notice |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £1,458,825 |
| Release Date: | 25 June 2024 |
| Application Deadline: | 30 March 2024 |
| Contract Start Date: | 31 March 2024 |
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Awarded to (4 suppliers)
| Award value: | £1,458,825 |
| Award decision date: | 31 March 2024 |
| Award status: | Active |
Council Insurance Premiums from 1 April 2023 until 31 March 2025 (2 year's premiums). The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47. The Authority has a long term agreement with the supplier that should have been in place until 31/03/2025 however due to miscommunications that contract did not include the 2 year extension agreement. This only came to light after the contract had ended last year so we were unable to modify it before it expired. The value paid for premiums in 2023/24 was £751723.08 and the value of the premiums for 2024/25 is £805712.47. It should be noted that premiums are paid via our Broker - Marsh Ltd. A VEAT was published (2024/S 000-018183) and the Authority observed a 10 day standstill period that ended at midnight on 24 June 2024. Additional information: Any values given cover the period 01/04/2023 to 31/03/2025.
Published contracts in the last 12 months
197
total contracts
£264.3m
total value
£3,109,863
average contract size
Typical categories
Pipeline status
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Application Deadline
30 March 2024
Closed
Estimated Value
£1,458,825
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| 31 March 2025 |
| Contract Duration: | 1.0 years |
| Procurement ID (OCID): | ocds-b5fd17-939dc65e-c54a-4cfb-ad13-447c072e2272 |
| Notice Reference: | 0ee5d48c-497e-4118-8b5c-6e400cc09ec8-761863 |