Issue details

Insurance Tender 2022 - 2027

This report seeks approval of the Procurement Strategy for the insurance programme for Property, Liability, Crime School Journey and Personal Accident insurance contracts.

 

Reasons for urgency:

The report is urgent as officers need to be ready to publish the tender on 1st October if the premium and terms offered by Protector, the current Property & Liability insurers are not acceptable. Given the time needed to complete the tender process the 01.10.2021 is the latest date officers can go to tender. However, the insurers are unable to issue their terms for 2022 renewal until mid/late September at the earliest. Waiting until the terms are received and reviewed would not allow officers sufficient time to then go to tender.

Decision type: Key

Reason Key: Expenditure/Income - Revenue between £500,000 and £5m and Capital between £1.5m and £5m;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 06/09/2021

This decision will be taken under urgency procedures.

Reason for urgency:
The report is urgent as officers need to be ready to publish the tender on 1st October if the premium and terms offered by Protector, the current Property & Liability insurers are not acceptable. Given the time needed to complete the tender process the 01.10.2021 is the latest date officers can go to tender. However, the insurers are unable to issue their terms for 2022 renewal until mid/late September at the earliest. Waiting until the terms are received and reviewed would not allow officers sufficient time to then go to tender.

Report access: Open;

Report Type: Key Decision;

Decision due: Before 26 Sep 2021 by Cabinet Member for Finance and Commercial Services

Department: Finance & Governance Department

Contact: Ray Chitty Email: Ray.Chitty@rbkc.gov.uk Tel: 07739 315 565.