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SE Pension Scheme - Trustee Indemnity Insurance

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Summary

Machine-generated summary

Scottish Enterprise ran an invitation to tender to appoint a single supplier to deliver a professional insurance brokering service. The service covers sourcing Trustee Indemnity Insurance cover for the Scottish Enterprise Pension and Life Assurance Scheme. The quoted value covers both the broker fees and the anticipated policy costs. Bidders could participate as part of a group, consortium, joint venture or similar, with the contract signed by the nominated lead organisation and all members, who would carry joint and several liability. The contract has been awarded to Marsh Limited at a value of EUR 186,610.68, with the award date recorded as 2026-02-25.

Description

The purpose of this Invitation to Tender (ITT) is to appoint a single supplier to deliver a professional insurance brokering service to source Trustee Indemnity Insurance cover for the Scottish Enterprise Pension and Life Assurance Scheme (“the Scheme”). Value quoted covers the broker fees and anticipated policy costs. SPD Statement for 2A.17 - Form of Participation (Notably as part of a group,consortium, joint venture or similar). Any contract will be entered into with the nominated lead organisation and all members of the consortium, who will in these circumstances each be required to execute said contract together with all ancillary documentation, evidencing their joint and several liability in respect of the obligations and liabilities of the contract. It will be for members of the consortium to sort out their respective duties and liabilities amongst each other. For administrative purposes, any associated documentation will be sent to the nominated lead organisation. SPD Statement for 2C.1 - Where the main bidder relies on the capacities of other entities in order to meet the selection criteria, the bidder must provide a separate SPD response setting out the information required under SPD (Scotland): Part II (sections A and B); Part III exclusion grounds; the relevant part of Section IV selection criteria; and Part V (if applicable) for each of the entities concerned. SPD Statement for 2D.1 - If the bidder proposes to subcontract any part(s) of the service and those sub-contractors are not relied upon, they should arrange for a separate SPD response from each potential subcontractor. The subcontractors must complete the relevant parts of the SPD (Scotland) (Sections A and B of Part II and Part III only) to self-declare whether there are grounds for their exclusion. [This may be requested at the selection stage or prior to the subcontractor commencing work on the contract.] (SC Ref:824820)

Official source

Source: Public Contracts Scotland

Always verify details on the official notice.

Last verified against Public Contracts Scotland 2 days ago

Documents on Public Contracts Scotland (English)

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Avg. open tender · Financial & insurance services
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Buyer track record on Aperlena
27 notices tracked · 19 awarded
€2,729,878 in awarded contracts

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