Insurance Services (Великобритания (Англия, Шотландия, Уэльс) - Тендер #43255559)

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Modification notice

Modification of a contract/concession during its term

Section I: Contracting entity

I.1) Name and addresses

Hanover (Scotland) Housing Association Ltd

95 McDonald Road

Edinburgh

EH7 4NS

UK

Telephone: +44 1315577453

E-mail: cpt@hanover.scot

NUTS: UKM

Internet address(es)

Main address: http://www.hanover.scot

Address of the buyer profile: https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA12742

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Insurance Services

II.1.2) Main CPV code

66510000

II.1.3) Type of contract

Services

II.2) Description

II.2.2) Additional CPV code(s)

66510000

II.2.3) Place of performance

NUTS code:

UKM

II.2.4) Description of the procurement

Hanover (Scotland) Housing Association (HSHA) intends to extend the existing Insurance Provision contract due to end 31 July 2023 to the 31 July 2025 with Zurich Ltd who are the current insurance service Broker/provider.

II.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession

Duration in months: 24

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

Section IV: Procedure

IV.2) Administrative information

IV.2.1) Previous publication concerning this procedure

Notice number in the OJ S:

2017/S 191-391442

Section V: Award of contract/concession

Contract No: 538954

Title: Insurance Services

V.2 Award of contract/concession

V.2.1) Date of conclusion of the contract/concession

27/06/2023

V.2.2) Information about tenders

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor/concessionaire

Zurich Municipal

St Vincent Plaza, 7th Floor, 319 St Vincent Street

Glasgow

G2 5LP

UK

NUTS: UKM

The contractor/concessionaire is an SME: No

V.2.4) Information on value of the contract/lot/concession (excluding VAT)

Total value of the contract/lot: /concession: 1 417 444.98 GBP

Section VI: Complementary information

VI.3) Additional information

It should be noted that this Modification notice is intended to inform the market of the intention to modify a contract under Regulation 72 (1) (c) and whilst the PCS system requires an award date prior to the Modification notice publication for the avoidance of doubt it should be noted that the contract has not been entered into prior to the publication of this notice. The contract agreement will not start until 1 August 2023.

(SC Ref:736699)

VI.4) Procedures for review

VI.4.1) Review body

Edinburgh Sheriff Court & Justice of the Peace Court

27 Chambers Street

Edinburgh

EH1 1LB

UK

VI.5) Date of dispatch of this notice

27/06/2023

Section VII: Modifications to the contract/concession

VII.1) Description of the procurement after the modifications

VII.1.1) Main CPV code

66510000

VII.1.2) Additional CPV code(s)

VII.1.3) Place of performance

NUTS code:

UKM

VII.1.4) Description of the procurement

Hanover (Scotland) Housing Association (HSHA) intends to extend the existing Insurance Provision contract due to end 31 July 2023 to the 31 July 2025 with Zurich Ltd who are the current insurance service Broker/provider.

VII.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession

Duration in months: 24

VII.1.6) Information on value of the contract/lot/concession (excluding VAT)

Total value of the procurement: 1 417 444.98 GBP

The contract/concession has been awarded to a group of economic operators: No

VII.1.7) Name and address of the contractor/concessionaire

Zurich Municipal

St Vincent Plaza, 7th Floor, 319 St Vincent Street

Glasgow

G2 5LP

UK

NUTS: UKM

The contractor/concessionaire is an SME: No

VII.2) Information about modifications

VII.2.1) Description of the modifications

This Modification Notice relates to the extension of the existing Insurance Provision contract. Having sought advice, to meet our statutory regulatory requirements as a Registered Social Landlord, these public contracts shall be modified and awarded under Regulation 72 (1) (c) utilising the Modification of contracts during their term “by circumstances Hanover (Scotland) Housing Association (HSHA) could not have foreseen”.

The insurance market for social housing providers has always been quite restricted, however in the field of property and liability this has hardened severely and quickly since the start of 2023. This has been accelerated by the departure of two main insurance providers to the Sector over the last 6 months, meaning the already limited capacity is much reduced. This has resulted in unsustainable market conditions, and we have seen insurers react this year applying significant rate increases on Renewals during the first two quarters of 2023.

HSHA intend to go out to the marketplace for a new contract for Insurance Provision and this procurement process will commence 2025 Q1 with a target effective date contract date of 1st August 2025.

VII.2.2) Reasons for modification

Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee

Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:

This informed decision based on; the ongoing insurance marketplace uncertainty reflective of the post-Brexit economic environment, the far-reaching impact of the war in Ukraine, recent challenges faced by RSL’s relating to all services, and the current cost-of-living pressures; while concurrently seeking to ensure effective continuity of our insurance services to meet our statutory regulatory requirements.

VII.2.3) Increase in price

Updated total contract value before the modifications (taking into account possible earlier contract modifications and price adaptions and, in the case of Directive 2014/23/EU, average inflation in the Member State concerned)

Value excluding VAT: 2 171 038.39 Currency: GBP

Total contract value after the modifications

Value excluding VAT: 3 588 483.37 Currency: GBP

Information added to the notice since publication.

Additional information added to the notice since it"s publication.

Commodity Categories

Commodity Categories

Delivery Locations

Delivery Locations

Alert Region Restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

Alert Region Restrictions

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