Issue - meetings

Insurance Tender Appraisal

Meeting: 15/01/2020 - Cabinet (Item 5)

5 Insurance Tender Appraisal pdf icon PDF 137 KB

The Leader’s Portfolio

 

To consider report FIN/486 of the Head of Corporate Finance. 

Minutes:

The Leader of the Council presented report FIN/486of the Head of Corporate Finance which sought a delegation to the Leader of the Council for the awarding of the Council’s insurance contract and its Commercial Property insurance contract. It was noted that the Council was currently undertaking a procurement exercise for insurance placements using the Yorkshire Procurement Organisation (YPO) framework to ensure that the Council achieves the best value for money.

 

Councillor Crow was invited to speak on the item and in response to queries raised the Leader confirmed that the proposed delegation of the contract was a one-off delegation and ongoing change. He also confirmed that the reason for following this approach was that the local government mutual insurance scheme, of which the Council was a founding member, was not fully ready to trade and as such provide the Council with the required insurance provision. The Council therefore had to go out to tender for the two insurance contracts.

 

 

RESOLVED

 

The Cabinet

 

a)         notes the current work taking place on the Council’s insurance contract and the Commercial Property insurance contract.

 

b)         delegates the one-off decision to award the contracts for the provision of insurance to the Leader of the Council, following the evaluation of the tender process.

 

 

Reasons for the Recommendations

 

In line with the Constitution, Cabinet would normally award any contract with a total value over £500,000. Due to tight implementation timescales, the report recommends that the best approach in order to meet the contract start date is to seek approval to delegate the contract award decision. It is therefore recommended that the Leader of the Council makes the award decision.