Decision details

Procurement Plan for the Re-tender of Liability Insurance Provider and Claims Handling Service

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree the procurement plan for the re-tender of liability insurance provider and claims handling service.

Decision:

I.      the procurement Plan for the tender of the liability insurance policies utilising the YPO Insurance Placement Framework is approved.

 

II.    the delegation of the award of the contract(s) to the Director of Finance subject to the new contracts being within budget is approved.

Reasons for the decision:

To enable the Council to procure new insurance policies for liability insurance.

Alternative options considered:

I.      The use of a one stage ‘Open Procedure’ under OJEU was considered, however a number of insurers have not responded to tenders where there are additional contract terms in place. This would limit the competition and result in a lower level of response that through a framework agreement.

 

II.    No suitable mutual insurance arrangements were identified.

Interests and Nature of Interests Declared:

None

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Wards Affected: (All Wards);

Financial Impact: Current conditions in the insurance market mean that premium prices are uncertain. The impact will be minimised by seeking alternative prices based on higher levels of deductible.

Declarations: None

Subject to Urgent Proceedings: No

Making Representations: In writing to the Director: Finance.

Other reasons / organisations consulted

N/A

Consultees

N/A

Contact: Helen Rogers, Insurance Officer Email: helen.rogers@bracknell-forest.gov.uk Tel: 01344 352094.

Publication date: 22/10/2019

Date of decision: 22/10/2019

Effective from: 30/10/2019

 

Contact Information

Democratic services

Email: committee@bracknell-forest.gov.uk