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:
 
·     
 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 and 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 (£)

£1,544,093.08
+ 12% IPT (insurance premium tax)

Contract Duration

36 months

Contract Start Date

01/02/2022

Contract End Date

31/01/2025

Optional Extension Period 1

 24 months

Optional Extension Period 2

24 months

Who will approve each Extension
Period?

Procurement Board (extension >
£150k)

Contact Officer (Name &
number)

Cheryl
Dale

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

 

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 July
23.
·     
Relevant documents and submissions from all
departments & claims data.
·     
Brokers report.
 
Contact Officer: Cheryl Dale – Insurance
Manager
Telephone number: 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:
  24 January 2024
           
    City Mayor
 

FOR DEMOCRATIC SERVICES USE
ONLY
 
*          
This decision was published on 25 January 2024
*          
This decision will come in force at 4.00 p.m. on 1 February
2024 unless it is called-in in
accordance with the Decision Making
Process Rules.