Decision details

Retender of Property and Motor Insurance and Claims Handling Services

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Retender of the Council's corporate and commercial/industrial properties insurance policy plus comprehensive motor insurance and associated claims handling services

Decision:

 

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.

Reasons for the decision:

To enable the Council to procure new insurance policies for property and motor

insurances.

Alternative options considered:

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.

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 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: