Purpose

Award of contract for insurance of Council buildings for an initial 3 year period

Decision

To award the contract to Zurich Insurance Company Limited (trading as Zurich Municipal) in relation to property insurance for an initial 3 year period, (the Contract) with an estimated annual value of £291,325.77 including Insurance Premium Tax  and with variations in respect of the Birkenhead Commercial District as the highest scoring tender (as outlined in the exempt Appendix A) within the approved budget and in accordance with the Most Economically Advantageous criteria.

Consider and approve final sign-off of the Contract, in consultation with the Director of Law and Governance

Agree that the decision not to be subject to removal of delegation and reconsideration as any delay likely to be caused by the process for removal of delegation and reconsideration would seriously prejudice the Council’s or the public’s interest due to the risk arising from any interruption to the continuation of insurance cover in respect of the Council’s property related assets.

Reasons for the decision

To ensure that continuity of property related insurance policies relating to the Council’s buildings and contents is in place, i.e., that Council buildings are not rendered uninsured.

Zurich Insurance Company Limited’s submission represents the most economically advantageous tender option from a competitive process which attracted 5 bidders.