Decision details

Insurance Tender

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Authority was granted for the Council to enter into a new contract for insurances that is within the approved budget. Cabinet approval was required because the contract value is in excess of £750k.

Decision:

Cabinet agreed to letting of the contract for insurance services as laid out in the Cabinet report.

Reasons for the decision:

The Council is required to ensure best value for money when procuring its contracts and as such the Council is required to re-procure its insurance contract before the insurance renewal date of January 2022.

Alternative options considered:

To not procure a new contract, which could mean increased costs to remain with the current insurer and potential challenge from other insurers in the market.

Report author: Clive Bowen

Publication date: 30/07/2021

Date of decision: 29/07/2021

Decided at meeting: 29/07/2021 - Cabinet

Effective from: 07/08/2021

Accompanying Documents: