LGSS Insurance Brokerage and Risk Financing
LGSS · United Kingdom
Key facts
- Contract value
- £600,000
- Awarded
- 18 Oct 2015
- Contract starts
- 01 Nov 2015
- Contract ends
- 31 Oct 2020
- Procedure
- Open procedure
- Buyer type
- Local government
Awarded to
| Supplier | Value |
|---|---|
| Arthur J. Gallagher Insurance Brokers Ltd | — |
Description
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 CountyCouncil, 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) andNorthamptonshire County Council (NCC) in October 2010 through the merger of their corporate services intoa single entity. LGSS is one of the UK's largest shared services ventures of its kind and is already deliveringimproved value to a wide range of customers across the public sector through sharing resources, processredesign 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 toTender for itself and for the benefit of its partner organisations who are listed in within this OJEU together withany future customers or partners that may subesquently utise LGSS Insurance for their service. Therefore, inaddition to the services to be provided to the Authority, the Authority may also require the successful provider toprovide any of the services covered by this ITT to its partner organisations in accordance with the terms of thecontract entered into with the Authority The contract will be let to provide broker services and risk financing to the founding County, partners and clients.It is the expectation that further clients may wish to utilise this agreement during The tender is split into the following lots and providers are able to bid for one or more of these lots. Lot 1 : Insurance Brokerage Lot 2 : Risk Financing Lot 3; Insurance Brokerage and Risk Financing Potential Providers are asked to note that should Lot 3 be awarded to a single provider then lots 1 and 2 shall not be awarded. The contract shall be for 5 years, with an option to extend for up to 2 further years, making 7 years in total. Thisis to help enhance a long-term arrangement with the successful provider.
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