Decision details

Approval of the procurement strategy for the corporate insurances (property and liability) retender

1.  That the procurement strategy outlined in the report to carry out an open tender procedure for the liability insurances contract and associated claims handling for a period of three years at an estimated contract value of £883,550 per annum including insurance premium tax (IPT, charged at 12%) and VAT where applicable from 1October 2025, with the option to extend for a maximum additional two single years making a total estimated contract value of £4,417,750 be approved.

2.  That the procurement strategy outlined in the report to carry out an open tender procedure for the property and related insurances contract and associated claims handling for a period of three years at an estimated contract value of £2,641,644 per annum including IPT and VAT where applicable from 1 October 2025, with the option to extend for a maximum additional two single years making a total estimated contract value of £13,208,220 be approved.

3.  That the procurement strategy outlined in the report to carry out an open tender procedure for the personal accident and school travel insurances contract for a period of three years at an estimated contract value of £65,000 per annum including IPT from 1 October 2025, with the option to extend for a maximum additional two single years making a total estimated contract value of £325,000 be approved.