T1115 - UMAL Insurance Broker

{
  "awards": [
    {
      "id": "030203-2025-T1115-1",
      "relatedLots": [
        "1"
      ],
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-150324",
          "name": "Lockton Companies LLP"
        }
      ]
    }
  ],
  "bids": {
    "statistics": [
      {
        "id": "3",
        "measure": "bids",
        "relatedLot": "1",
        "value": 2
      },
      {
        "currency": "GBP",
        "id": "1",
        "measure": "lowestValidBidValue",
        "relatedLot": "1",
        "value": 60000000
      },
      {
        "currency": "GBP",
        "id": "2",
        "measure": "highestValidBidValue",
        "relatedLot": "1",
        "value": 125000000
      }
    ]
  },
  "buyer": {
    "id": "GB-FTS-132723",
    "name": "U.M. Association Limited"
  },
  "contracts": [
    {
      "awardID": "030203-2025-T1115-1",
      "dateSigned": "2025-06-04T00:00:00+01:00",
      "id": "030203-2025-T1115-1",
      "status": "active"
    }
  ],
  "date": "2025-06-05T12:24:07+01:00",
  "id": "030203-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-04c7e0",
  "parties": [
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC3A 6AB",
        "region": "UKI",
        "streetAddress": "Level 4, 5 St Helen\u2019s Place"
      },
      "contactPoint": {
        "email": "enquiries@umal.co.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Body governed by public law",
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE"
          },
          {
            "description": "Economic affairs",
            "id": "04",
            "scheme": "COFOG"
          }
        ],
        "url": "https://umal.co.uk/"
      },
      "id": "GB-FTS-132723",
      "identifier": {
        "legalName": "U.M. Association Limited"
      },
      "name": "U.M. Association Limited",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC3A 7AG",
        "region": "UKI",
        "streetAddress": "St Botolph Building, 138 Houndsditch"
      },
      "details": {
        "scale": "large"
      },
      "id": "GB-FTS-150324",
      "identifier": {
        "legalName": "Lockton Companies LLP"
      },
      "name": "Lockton Companies LLP",
      "roles": [
        "supplier"
      ]
    },
    {
      "address": {
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "WC2A 2LL",
        "streetAddress": "The Strand"
      },
      "id": "GB-FTS-537",
      "identifier": {
        "legalName": "Royal Courts of Justice"
      },
      "name": "Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "classification": {
      "description": "Financial and insurance services",
      "id": "66000000",
      "scheme": "CPV"
    },
    "coveredBy": [
      "GPA"
    ],
    "description": "UMAL needs to secure the services of a UK-based insurance broker with experience,\nexpertise and capacity to act as an intermediary between UMAL and the insurance market\n(i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to\nassist with insurance needs of UMAL which include:\na. Placing Insurance risks with insurers (both local and international)\nb. Ensuring adequate insurance for all UMAL exposures\nc. Providing wholesale insurance broking services for HMSL on behalf of its Members\nd. Covering the entity risks of UMAL, which includes\ni. Office Insurance and related covers\nii. Professional Indemnity\niii. Directors and Officers for UMAL Directors and officers\niv. Crime\nv. Cyber\nPlease also note, although the estimated total value is \u00a3125M across a potential 5 year\ncontract we would like to make the following clear\nThe overall value includes both premium and broker fees and could be in the range of \u00a360 -\n\u00a3125m across 5 years\nFurthermore, to give an idea of just broker fees, this could end up being around \u00a35m to \u00a315m\nacross 5 years\nPlease note all figures are purely estimates.",
    "id": "DN2816",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Insurance services",
            "id": "66510000",
            "scheme": "CPV"
          },
          {
            "description": "Insurance brokerage and agency services",
            "id": "66518000",
            "scheme": "CPV"
          },
          {
            "description": "Insurance brokerage services",
            "id": "66518100",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "region": "UKI"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      }
    ],
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "80",
              "name": "Quality",
              "type": "quality"
            },
            {
              "description": "20",
              "type": "price"
            }
          ]
        },
        "description": "UMAL needs to secure the services of a UK-based insurance broker with experience,\nexpertise and capacity to act as an intermediary between UMAL and the insurance market\n(i.e. insurers, reinsurers, and other risk financing institutions). The broker will be required to\nassist with insurance needs of UMAL which include:\na. Placing Insurance risks with insurers (both local and international)\nb. Ensuring adequate insurance for all UMAL exposures\nc. Providing wholesale insurance broking services for HMSL on behalf of its Members\nd. Covering the entity risks of UMAL, which includes\ni. Office Insurance and related covers\nii. Professional Indemnity\niii. Directors and Officers for UMAL Directors and officers\niv. Crime\nv. Cyber\nPlease also note, although the estimated total value is \u00a3125M across a potential 5 year\ncontract we would like to make the following clear\nThe overall value includes both premium and broker fees and could be in the range of \u00a360 -\n\u00a3125m across 5 years\nFurthermore, to give an idea of just broker fees, this could end up being around \u00a35m to \u00a315m\nacross 5 years\nPlease note all figures are purely estimates.",
        "hasOptions": false,
        "id": "1",
        "status": "cancelled"
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "selective",
    "procurementMethodDetails": "Restricted procedure",
    "status": "complete",
    "title": "T1115 - UMAL Insurance Broker"
  }
}