Awarded to
- Awarded value
- €6,777,752 25% over the estimate of the same lots
- Bids received
- 10 over 5 lots
- Record with this buyer
- 1 first contract from this buyer in the register
Summary
Machine-generated summaryThe City of Ostend awarded a contract for insurance services covering five categories: personal insurance, property damage insurance, liability insurance, motor insurance and travel insurance. The contract covered the City of Ostend, OCMW Ostend and PZ Ostend. Ethias nv won the contract. The awarded value was EUR 6,777,752.08, while the estimated value was EUR 5,424,834.08. Compared with the estimate, the awarded price was 25% above the estimate. The procedure concerned the procurement of insurance services on behalf of the three named Belgian public entities, and the contract was awarded to a single insurance provider. The contract award has been recorded in the official publication.
Description
Official source
Source: TED - Tenders Electronic Daily (Publications Office of the EU)
Always verify details on the official notice.
Report an error in this notice
Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 1 week ago
What this market pays
The buyer has too few awards of its own in this sector, so this is the range of the last 146 awards for Financial & insurance services in Belgium.
- This award
- €6.8M
- Estimated value
- €5.4M
- Median award
- €548,287
- Middle half of past awards
- €234,312 to €1.5M
The award is larger than three in four past awards.
Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.
The buyer
Full buyer profileStad Oostende
- notices in the register
- 28
- awards
- 15
- awarded in total
- €23.4M
Who wins its contracts
Many suppliers- different companies won its awards
- 12
- of the awards went to the three most frequent winners
- 31%
Based on 13 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 3.6
- of those lots received a single tender
- 18%
- of the awards went to companies based in another country
- 15%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
Awards most often to
2 open tenders right now
- Software implementation services - Implementation, hosting, maintenance and support of a trip registration system including a booking platform for service vehicles 24 days to request
- Operation of a sports facility - Specification for the award of a concession for a water sports club on the Oosteroever beach in Ostend No deadline published
Market context
- open now in Financial & insurance services
- 2,218
- median open notice
- €484,210
Who wins in this market
Moderately concentratedBelgium · Financial & insurance services
- different companies won awards here
- 82
- of the awards went to the three most frequent winners
- 46%
- buyers awarded contracts here
- 201
Based on 225 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 1.5
- of those lots received a single tender
- 46%
- of the awards went to companies based in another country
- 6%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
Procedure facts
- Awarded 25% above the estimate of the same lots.
Facts that procurement researchers and journalists track across public records. None of them is evidence of wrongdoing: each has ordinary explanations, such as a specialised market, an urgent need or a short list of qualified suppliers.
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