Awarded without open competition
Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.
Key facts
- Buyer
- Pool Reinsurance Company Limited · Body governed by public law
- Supplier
- Williams Pitt (International) Limited SME
- Value
- £36,000
- Procedure
- Award procedure without prior publication of a call for competition
- Sector
- Financial & insurance services · Insurance claims adjustment services (CPV 66518300)
- Region
- London
- Official notice
- 012268-2024 on Find a Tender
- Timeline
-
- Contract date8 Apr 2024
- Published16 Apr 2024Published 8 days after the contract date
Description
The primary function of Pool Re is to pay eligible claims to its members (“Members”) following a terrorism event. To ensure that Pool Re performs its role in an accurate, timely and cost- effective manner and to prevent any reputational damage, Pool Re must be ready to respond to incidents as they occur, whether it is a small, isolated incident or a catastrophic event. Should a large loss event occur, the volume of claims and referrals that would be received from Pool Re Members would be extremely large. To ensure that the claims and referrals are reviewed promptly, there may be a requirement for additional loss adjusting resource at Pool Re, subject to the size of the relevant loss event. If required, the additional resource provided by the Supplier will assist the Pool Re Claims Manager in reviewing claims above individual Members’ Large Loss limits, review, collate and calculate the erosion of Members’ retentions and ensure the service provided to Members and other stakeholders is …
About the supplier
Williams Pitt (International) Limited: every public contract they have won.