Awarded contract

University of St Andrews: Insurance Broker Services

Details

Supplier(s)
Marsh Ltd
Value
£397,062.5
Topic
Insurance brokerage services
Published
14 December 2023

Tender description

Insurance Broker Services for the University of St Andrews. Lot 1: Insurance Broker Services for the University of St Andrews. The broker will be responsible for advice on insurance strategic direction, programme placement, negotiating wordings and extensions, being aware of market options, handling and monitoring completion of day to day queries, ensuring a satisfactory tripartite relationship with underwriters, advising on overseas exposures, facilitating claims handling on certain classes, acting as arbiter and point of escalation for claims on other classes, and providing a point of referral for property loss control advice to market norms, including accompanying insurer risk control surveys. Where we have existing in-house capability, we expect the broker to augment that capability and present it to the market. The broker will be responsible for issue of satisfactory policy wordings, negotiating suitable terms and conditions within those wordings, checking those wordings, and issuing statutory and other certificates on a timely basis. Please see tender documents for full details. Additional information: All tenders for the University of St Andrews are administered through our eTendering System (InTend).To Express an Interest please go to our tender website at https://intendhost.co.uk/universityofstandrews Please note that 'Notes of Interest' placed via PCS (Public Contracts Scotland) are not automatically accepted

Timeline

  1. Completed: Award date7 December 2023
  2. Completed: Award published14 December 2023
    Current notice

About the buyer

University of St Andrews buys as a higher and further education body, with a central Procurement Office. Budget holders use national, regional or institutional contracts where practical. Collaborative opportunities are developed with partners including APUC, the Advanced Procurement for Universities and Colleges consortium.

Over the past 5 years, most of University of St Andrews's contract awards have been in laboratory and precision equipment, construction work and electrical equipment and lighting.

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