Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
This report considers the tenders received for the provision of Insurance Services for Fareham Borough Council. The report recommends an award of contract for the services.
The 11 borough and district councils in Hampshire have worked collaboratively to procure insurance services from 1 April 2015 using an OJEU compliant framework open to the public sector.
The cost of insurance across the 11 borough and district councils in Hampshire is around £4m a year and for Fareham Borough Council £455,000.
This report provides the Executive with information regarding the tenders received and seeks an award of contract for a 3 year long term agreement with the option to extend for a further 2 years for the provision of insurance services.
RESOLVED that the Executive:
(a) agrees to award the contract to the insurers ranked in 1st position (as set out in confidential appendix A, being the most economically advantageous tender received; and
(b) agrees that authority be delegated to the Director of Finance and Resources to accept the finalised premiums and associated costs or make alternative arrangements in the event that the tender cannot be accepted by other participating local authorities.
Report author: Caroline Hancock
Publication date: 04/02/2015
Date of decision: 02/02/2015
Decided at meeting: 02/02/2015 - Executive
Effective from: 14/02/2015
Accompanying Documents: