Financial and insurance services

Tender description

ITT for Provision of Asset and Insurance Valuation Services The Council invited interested parties (‘Tenderers’) to participate in a tender exercise to establish a single Contract for the Provision of Asset and Insurance Valuation Services. The qualified and experienced provider of Asset and Insurance Valuation Services is required to provide the services described below and in the Tender Specification. These services will be carried out on behalf of both Sandwell MBC and the West Midlands Fire Service. Sandwell Council is a Metropolitan Borough Council situated in the West Midlands and lies approximately 6 miles west of Birmingham. The Borough comprises the areas of Oldbury, Rowley Regis, Smethwick, Tipton, Wednesbury and West Bromwich. The West Midlands Fire Service operates throughout the West Midlands County covering the Metropolitan Districts of Sandwell, Dudley, Walsall and Solihull as well as the cities of Birmingham, Wolverhampton and Coventry. The Strategic Asset Management service of the Council, on behalf of Strategic Finance, Risk and Insurance Services and the West Midlands Fire Service will issue instructions for work, monitor and manage the contract with the appointed tenderer. The Council procured an Asset Valuation and Insurance Valuation service together potentially with additional associated hourly rate based work incidental to the Council's main requirements to be provided under a single contract on behalf of Sandwell MBC and the West Midlands Fire Service. Term The Council entered into a Contract Agreement for an initial term of five (5) years with a possible extension of a further year, subject to satisfactory performance.