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Tenders

Captive Insurance Management Services

Open
Deadline
10 days left
April 07, 2026
Contract Details
Category
Open Procedure
Reference
018600-2026
Value
£2,310,000
Location
Inner London - East, United Kingdom
Published
March 20, 2026
CPV Code
Project Timeline

Tender Published

March 02, 2026

Deadline for Questions

March 31, 2026

Submission Deadline

April 07, 2026

Contract Start Date

September 30, 2026

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Budget
£2,310,000
Duration
48 months
Location
Inner London - East
Type
Open Procedure
75
Quality Score/100
Good

Original Tender Description

Network Rail (NR) has a requirement to re-tender the contract for the Captive Insurance Management Services, which covers the following areas: i. Finance and Accounting ii. Insurance Underwriting iii. Insurance Claims Handling (for Permanent Total Disablement) and Management of Claims Funds iv. Company Governance (including accounting) v. Administration vi. Financial Crime vii. Data Protection OFFICIAL viii. Company Secretarial

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Requirements & Qualifications

6 requirements across 5 categories

Submission (1)
Mandatory (1)
Compliance (2)
Technical (1)
Financial (1)
SUBMISSION REQUIREMENTS1
--No specific submission requirements detailed in the provided text.
MANDATORY EXCLUSION GROUNDS1
--No specific mandatory exclusion grounds detailed in the provided text.
ELIGIBILITY REQUIREMENTS2
--Bidders must be capable of providing Captive Insurance Management Services.
--Services to cover: Finance and Accounting, Insurance Underwriting, Insurance Claims Handling (for Permanent Total Disablement) and Management of Claims Funds, Company Governance (including accounting), Administration, Financial Crime, Data Protection, Company Secretarial.
TECHNICAL CAPABILITY REQUIREMENTS1
--No specific technical capability requirements detailed in the provided text.
FINANCIAL REQUIREMENTS1
--No specific financial requirements detailed in the provided text.

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Documents

No processed documents available for this tender.

Documents will appear here once they are downloaded and analyzed.

75
Good

Tender Quality Score

This tender for Captive Insurance Management Services is generally well-structured with clear service descriptions and financial information. However, it lacks specific details on evaluation criteria and technical/financial requirements, and the submission process is not explicitly e-procurement enabled.

Score Breakdown

Legal Compliance75/100

The tender appears to comply with general procurement regulations, including a clear CPV code and no reported disputes. The deadline, while potentially tight, is specified. The procedure is identified as 'Competitive flexible procedure'.

Clarity80/100

The description of the required services is detailed and comprehensive, covering eight key areas. The eligibility requirements are also clearly stated. However, the absence of specified evaluation criteria hinders full clarity on how bids will be assessed.

No evaluation criteria specified
Completeness70/100

Most basic information is present, including title, reference, organization, estimated value, contract duration, and start date. However, the lack of content for the tender documents and the absence of specific technical and financial requirements reduce its completeness.

No document content available
No specific technical capability requirements detailed
Fairness85/100

The tender is open, and the estimated value is disclosed. The requirements are described in a way that suggests a focus on service capabilities rather than specific company tailoring. The competitive flexible procedure implies a fair process.

Practicality65/100

The tender provides a contract start date and duration. However, it does not explicitly mention e-submission, and the URL for documents is not provided, which could impact the practicality of the submission process. Financing information is not detailed.

No e-submission mentioned
Document URL not provided
Data Consistency90/100

Key fields such as title, reference, organization, value, and dates are populated. There are no reported disputes or suspensions, and the dates provided are logical. The tender status is active.

Sustainability50/100

There is no explicit mention of green procurement, social aspects, or innovation within the tender details. It is also not indicated if the tender is EU funded.

Not green procurement
No social criteria

Strengths

Clear and detailed service description
Specified estimated value and contract duration
Active status with no reported disputes
Open procedure with disclosed value

Concerns

Missing evaluation criteria
Lack of specific technical and financial requirements
No explicit e-submission mentioned
No content available for tender documents

Recommendations

1. Provide specific evaluation criteria to enhance clarity and fairness.
2. Detail technical and financial requirements to guide bidders more effectively.
3. Clarify the e-submission process and provide direct links to tender documents.

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