What the buyer wrote
Property Damage & Business Interruption: Policy for material damage, business interruption, machinery breakdown and computer breakdown combined. This notice concerns a necessary portion of insurance cover for which a recent competitive tendering procedure, conducted via a framework agreement (YPO DPS Ref: 001198), did not yield a suitable result. The tenders received for this specific component of cover were demonstrably substantially above the prevailing market rate, preventing a complete award under the established framework. To have proceeded would have resulted in poor value for money being achieved. Neither was full retendering possible due to the imminent expiration of existing insura…
Bid for this and lost? There is a short window in which the decision can be questioned.
Awarded to
Details
- What the buyer calls it
- Property Damage & Business Interruption
- How they are buying
- Given to one supplier, no competitionNobody else was asked, and the buyer has to be able to justify that.
- Work starts
- 13 Aug 2025
- Work ends
- 31 Jul 2026
- Where
- in the North West
Who the buyer named
Sheila Smith was the named contact on this notice.