Section one: Contracting authority/entity
one.1) Name and addresses
CENTRE FOR PROCESS INNOVATION LIMITED
Wilton
REDCAR
TS104RF
Contact
CPI Procurement
Telephone
+44 1740625716
Country
United Kingdom
Region code
UKC12 - South Teesside
Companies House
05002194
Internet address(es)
Main address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Other activity
Research and Development
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Insurance Services - Public, Products, Errors & Omissions and Clinical Trials Liability
Reference number
2444
two.1.2) Main CPV code
- 66510000 - Insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Renewal of Insurance policies via procured broker for CPI insurance policies for Public, Products, Errors & Omissions and Clinical Trials Liability.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £507,172.59
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKC - North East (England)
- UKM - Scotland
two.2.4) Description of the procurement
Procurement of Insurance Policies for Public, Products, Errors and Omissions and Clinical Trials Liability.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations
Explanation:
Centre For Process Innovation Limited (CPI) is putting out this notice as a VEAT (Voluntary Ex ante Transparency Notice) as CPI intends to complete a Direct Award to Newline Insurance Company Limited for the provision of the classes of
insurance identified below, without a call for competition in accordance with the Public Contracts Regulations 2015.
The bulk of insurance services to be obtained under the Direct Award shall relate to Public & Products Liability & Errors & Omissions Liability and Clinical Trials Liability.
The contract duration is expected to be 24 months from 1st December 24 and the value of the contracts will be £507,172.59.
The justification for a Direct Award is the Life Sciences insurance market is protecting organisations against a unique range of risks, with differing exposures, the nature of the insurance requires extensive risk analysis of matters such as type of clinical trials being undertaken.
Furthermore there is a limited marketplace of organisations that undertake the specialist & complex business activities that CPI undertake (CPI operates as technology and research innovation centre specialising in highly advanced medicine manufacture,
formulations, therapeutic biologicals manufacture, and electronics & photonics systems) whereby it is considered the insurance market would not be able to adequately assess &
provide quotations to CPI via a Public Contracts Regulation tender process.
It is because of these complex challenges that CPI via their procured broker have approached a number of
Insurers are proposing to continue working with their current insurance provider Newline Insurance Company Limited.
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
Section five. Award of contract/concession
Contract No
2444
A contract/lot is awarded: Yes
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract
22 August 2024
five.2.2) Information about tenders
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
Newline Insurance Company Limited
London
Country
United Kingdom
NUTS code
- UKI - London
Companies House
04409827
The contractor/concessionaire is an SME
No
five.2.4) Information on value of contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession: £507,172.59
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Centre for Process Innovation
W
Redcar
TS10 4RF
Country
United Kingdom