Decision Maker: Corporate and Resources Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 13, 2025

Purpose:

Content: RESOLVED that upon recommendations by the Commissioning Governance Board:   1.            a contract for Property Insurance be awarded to Insurer 1, as named in the EXEMPT Annex 1 of the report, for a maximum period of five years from 1 April 2025 at an annual value of 267,789 (including Insurance Premium Tax IPT currently 12%) and total contract value of £1,338,945;   2.            a contract for Commercial Property Insurance be awarded to Insurer 3, as named in the EXEMPT Annex 1 of the report, for a maximum period of five years from 1 April 2025 at an annual value of £87,629 (including Insurance Premium Tax IPT currently 12%) and total contract value of £438,145; and   3.            the Council’s departure from the Insurance London Consortium (ILC) on 31 March 2025 (with the 12 months’ notice period requirement in the legal agreement being deemed served) be approved.