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: