Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Retender of the Council's corporate and
commercial/industrial properties insurance policy plus
comprehensive motor insurance and associated claims handling
services
i. the Executive approves the Procurement Plan for the tender of the property and motor insurance policies utilising the Insurance Placement framework on the YPO Dynamic Purchasing System.
ii. the Executive, approves the delegation of the award of the contract(s) to
Executive Director of Resources in consultation with Executive Member for Finance and Corporate Improvement.
To enable the Council to procure new insurance policies for property and motor
insurances.
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.
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 quotations with alternative excess options
Declarations: None
Subject to Urgent Proceedings: No
Making Representations: In writing to Executive Director: Resources
Other reasons / organisations consulted
N/A
Consultees
N/A
Contact: Helen Rogers, Insurance Officer Email: helen.rogers@bracknell-forest.gov.uk Tel: 01344 352094.
Report author: Helen Rogers
Publication date: 17/09/2024
Date of decision: 17/09/2024
Decided at meeting: 17/09/2024 - Executive
Effective from: 26/09/2024
Accompanying Documents: