YPO - 1198 Insurance Placement DPS II

Buyer
YPO
Value
£3,000,000,000
Closes
23 February 2029
Where
Wakefield, Yorkshire and the Humber
Type
Dynamic purchasing system (open to join)

In plain English

YPO (a public sector buying organization) is setting up a Dynamic Purchasing System (DPS), essentially an approved supplier list, for insurance placement services. Public sector organizations across the UK will use this system to buy insurance services from approved providers between May 2024 and February 2029.

What the buyer wants

• Provide insurance placement services (finding and arranging insurance policies) for public sector organizations • Support the needs of multiple public sector buyers across England, Scotland, Wales, and potentially Northern Ireland • Maintain service quality standards subject to annual reviews and KPI (Key Performance Indicator) performance checks

Likely requirements

Our reading of the notice. Always check the tender documents.

This is a £3 billion framework for major insurance placement services. Most small independent tradespeople (builders, cleaners, electricians) would be completely disqualified as this requires large-scale financial services expertise, regulatory authorization, and capacity to serve multiple public sector organizations simultaneously.

How to bid

This is a Dynamic Purchasing System: an open list of approved suppliers. You can apply to join at any time while it runs, and once accepted you can bid for the individual contracts the buyer runs through it.

How dynamic purchasing systems work

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