Content

Salford City Council – Record of
Decision
 
I Paul Dennett, City Mayor, in exercise of the powers contained within the
Council Constitution
do hereby approve:
 
·     
the annual insurance renewal expenditure for the
existing 5-year LTA contract, awarded in January 2022 (running
until 31 January 2027), in respect of the City Council’s
Liability, Property and Motor fleet insurance arrangements, as
detailed in the table below:
 

Detail required

Answers

Title/Description of Contracted
Service/Supply/Project

Catastrophe
cover for the Council’s main classes of insurance, including
liability, property & Motor Fleet

Name of Successful Contractor

AIG Europe, AXA,
HSB, QBE, Aon Protect, Convex

Supplier Registration Number

(to be supplied by Corporate
Procurement)

Type of organisation

(to be supplied by Corporate
Procurement)

Private Limited
Company

Status of Organisation

(to be supplied by Corporate
Procurement)

Non-SME

Contract Value (£)

£1,909,079.04
+ IPT

Contract Duration

36 months +
24 month extension

Contract Start Date

01/02/2022

Contract End Date

31/01/2027

Optional Extension Period 1

24 months

Optional Extension Period 2

Who will approve each Extension Period?

Procurement Board
(extension > £150k)

Contact Officer (Name & number)

Cheryl Dale
Ext 6985

Lead Service Group

Service Reform &
Development

How the contract was
procured?

(to be supplied by
procurement)

Mini
competition

Framework Details (where applicable)
(procurement body, framework reference & title,
start/ end date

YPO Insurance
Framework 978 30 July 2019 - 29 July 2024 OJEU Ref 2019/S
106-259145

Funding Source

Revenue
Budget

Ethical Contractor (EC): Mayor’s Employment
Charter

X

EC: Committed to sign Charter

Details of
joint Charter for GM and Salford Employer Charter sent to
suppliers

EC: Accredited Living Wage Employer

Yes, for all
bidders

 
The Reason are:
the approval of annual insurance policies which are
subject to a five-year long-term agreement, in respect of the City
Council’s Liability, Property and Motor fleet insurance
arrangements following a full tender exercise in
2022.
 
Options considered and rejected
were:
N/A.
 
Assessment of Risk: Insurance
cover is purchased as a risk transfer mechanism where the authority
feels there is too great a risk in funding a potential
occurrence.
 
The source of funding
is:
the Revenue Budget.
 
Legal Advice obtained: Yes.
 
Financial Advice
obtained: Yes.
 
Procurement Advice obtained:
Yes.
 
HR Advice obtained:
N/A.
 
Climate Change Implications
obtained: N/A.
 
The following documents have
been used to assist the decision process:
·     
Forward look for the above report published
September 2024.
·     
Relevant documents and submissions from all
departments and claims data.
·     
Brokers report.
 
Contact Officer: Cheryl Dale – Insurance
Manager.
Telephone number: TEL NO: 0161 607 6985.
 
This matter is also subject to
consideration by the Lead Member for Finance and Support Services.
The Lead Member has been consulted and is supportive of the
proposed expenditure.
 
 

Signed:    Paul
Dennett       Dated:    13 January 2025.
           
       City
Mayor
 

FOR DEMOCRATIC SERVICES USE
ONLY
 
*          
This decision was published on 13 January 2025
*          
This decision will come in force at 4.00 p.m. on 20 January
2025 unless it is called-in in
accordance with the Decision Making
Process Rules.