PURCON 2120 - Provision of Insurance Services only - AWARD

Tender description

The University of East Anglia is conducting a tender process for provision of insurance cover only and is not an Insurance Broker Tender and specifically excludes any form of Insurance Broking Service. It is expected that multiple insurers will be required to provide sufficient capacity for this project. Therefore, respondents to this ITT will do so as a potential Lead insurer (ITT stage 1) and will provide a lead quotation in the first instance (deadline 2nd October). Once a lead has been identified, all other insurers will be given a second opportunity (ITT stage 2), to respond to this tender but as a follow market to obtain 100% capacity. All follow markets, including those unsuccessful lead market respondents, will be presented with the terms of the successful Lead insurer as part of this second opportunity to quote (deadline 15th October). Bids from follow markets will be ranked based on the most economically advantageous tender until minimum 100% capacity is obtained. Parts of the evaluation criteria will not be applicable to follow markets and no response is required under those parts of the tender marked "APPLICABLE TO LEAD ONLY". A "line to stand" will not be reduced and in the event of over-capacity, the share of the follow markets will be proportionately reduced to ensure 100% (subject to minimum levels). There is no expectation that any one insurer would be able to accept 100% capacity and consequently the University has determined a two-stage process is required. TO CLARIFY, IF YOU WANT TO TAKE PART IN THIS TENDER AT STAGE 2 (AS A FOLLOW), PART 1 - QUALIFICATION QUESTIONNAIRE MUST STILL BE COMPLETED AND RETURNED IN ADVANCE OF THE 2ND OCTOBER DEADLINE. THIS WILL ENSURE YOU ARE TAKEN THROUGH TO STAGE 2 OF THE ITT.