Purpose

Procurement of the main programme of joint insurance for Sandwell MBC and Sandwell Children's Trust Ltd

Decision

Resolved:-

(1)that delegated authority is given to the Executive Director for Finance and Transformation to award Long Term Agreements for joint insurance programme and policies (as noted below) required for a period of three years with an option to extend for a further two years, in line with the insurance industry norm for Long Term Agreements.

Policy

Property

Motor

Liability/ casualty

Crime/ fidelity guarantee

Computer

Travel

School journeys

Medical practice

Terrorism

Directors and Officers (SCT only)

Hired in plant

(2)that approval is given for an exemption under rule 8.10 of the Procurement and Contract Procedure Rules 2024 (or subsequent amendments) to allow Long Term Agreements to be awarded to the successful tenderer(s) in the event that the required minimum number of tenders are not received for each lot.

(3)that approval is given for any variations to the Long Term Agreements up to a maximum of 10% of each of the Contract/ Long Term Agreement values, should they be necessitated.