Property Damage & Business Interruption
Buyer: LIVERPOOL HOPE UNIVERSITY
- Published
- 12 August 2025
- Estimated value
- £124,147
- Place of performance
- UKD72
- Procedure
- Direct award
- Lots
- 1
- Notice number
- 048119-2025
- Reference
- ocds-h6vhtk-05865d
- Official source
- Official source
CPV codes
- 66510000Insurance services
Description
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 insurance provisions. Given the critical nature of this insurance cover for continued operations, and in accordance with Section 43 of the Procurement Act 2023 concerning switching to direct award when suitable tenders are not received, a direct award for this sub-threshold element of the cover is being made. This action is taken to ensure the University has 12 months of full, essential coverage, reflecting the extreme and unavoidable urgency of the situation, which could not have been reasonably fore…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Aviva Insurance Limited | £124,147 | 12 August 2025 |
Official publications
- FTS · 048119-2025 · 12 August 2025
Other tenders from LIVERPOOL HOPE UNIVERSITY
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- Student Placement Management System
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- SSA & Conference - Mechanical
- Digital Prospectus Provider
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- Lift Maintenance Services
- Payments Solution - SaaS Provider
Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £124,147.
- Who is the buyer of this tender?
- The contracting authority is LIVERPOOL HOPE UNIVERSITY (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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