Issue - meetings

That:

1)        the procurement (by way of Open Procedure tender) of the Council’s insurance cover(s) be approved;

2)        the design of the contract specification be delegated to the Director Corporate Services, in consultation with the Executive Member for Finance;

3)        the Director of Corporate Services, in consultation with the Executive Member for Finance, be delegated authority to award the contract(s) to the successful bidder(s) following completion of the evaluation process.

The Executive considered a report setting out the proposed procurement process for the retender of the Council’s insurance programme.

The Deputy Executive Member for Finance informed the meeting that this was a retender of a 7 year contract which would expire in June 2018.  The Council was responsible for contents and assets of over £1bn and the intention was to go out to the market using the Council’s brokers and seek the most cost effective solution for the tax payer.

Given the size of the account Councillor McGhee-Sumner asked whether the Council had considered using more than one broker and also whether cyber cover was in place.  Councillor Margetts confirmed that Officers had been asked to consider using more than one broker as part of the tender process.  With regard to cyber cover Councillor Margetts confirmed that he would provide a response outside of the meeting.

RESOLVED that:

1)        the procurement (by way of Open Procedure tender) of the Council’s insurance cover(s) be approved;

2)        the design of the contract specification be delegated to the Director of Corporate Services, in consultation with the Executive Member for Finance;

3)        the Director of Corporate Services, in consultation with the Executive Member for Finance, be delegated authority to award the contract(s) to the successful bidder(s) following completion of the evaluation process.