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.
Ten Borough and District councils in Hampshire have worked collaboratively to procure insurance services from 1 April 2025 using an Open Procedure in accordance with the Public Contracts Regulations 2015.
The current cost of insurance across the 10 borough and district councils in Hampshire is £4.7 million a year and for Fareham Borough Council £531,000.
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.
Decision type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 03/01/2025
Anticipated restriction: Part exempt - View reasons
Decision due: 3 Feb 2025 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Assistant Director (Finance & ICT) & Section 151 Officer
Contact: Caroline Hancock Email: chancock@fareham.gov.uk.
Consultees
None
Background Papers: * File of tender responses Correspondence between Local Authorities