Scope
Reference
FRIC/2025-26/Motor
Description
Contract for provision of insurance services relating to statutory insurance and comprehensive cover for the red fleet and light fleet vehicles owned by, leased by or hired by Members of FRIC. The estimated contract value is £1,275,500 excluding insurance premium tax. The services will be supplied by QBE UK Limited.
Contract 1
Supplier
Contract value
- £1,275,500 excluding VAT
- £1,428,560 including VAT
Above the relevant threshold
Earliest date the contract will be signed
5 November 2025
Contract dates (estimated)
- 5 November 2025 to 31 October 2028
- Possible extension to 31 October 2031
- 5 years, 11 months, 26 days
Description of possible extension:
The contract can be extended by agreement between FRIC and QBE UK Limited.
Main procurement category
Services
CPV classifications
- 66515411 - Pecuniary loss insurance services
Contract locations
- UK - United Kingdom
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Extreme and unavoidable urgency
The contract is being awarded to a supplier which is not an excluded supplier because a justification applies in accordance with section 41(1)(a) of the Procurement Act 2023.
a. The justification for the direct award of the contract is provided under Schedule 5, paragraph 13 (Urgency).
b. The services procured under this contract, the provision of motor vehicle insurance, are statutory requirements and cannot be delayed or deferred beyond the contract commencement date.
c. Due to the urgent and unforeseeable need to place a contract of insurance the contract cannot be awarded on the basis of a competitive tendering procedure.
d. Given the urgency, FRIC sought proposals from across the insurance market through its broker to obtain the most advantageous terms.
Supplier
QBE UK Limited
- Companies House: Insurance
30 Fenchurch Street
London
EC3M3BD
United Kingdom
Email: enquiries@uk.qbe.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1
Contracting authority
FIRE & RESCUE INDEMNITY COMPANY LIMITED
- Companies House: 09653373
- Public Procurement Organisation Number: PXTN-2555-LGQR
90 Fenchurch Street
London
EC3M 4ST
United Kingdom
Contact name: Simon Lambeth
Telephone: +447957336456
Email: info@fric.org.uk
Website: http://www.fric.org.uk
Region: UKI31 - Camden and City of London
Organisation type: Public authority - sub-central government