Issue - meetings

Report of the Director of Governance and Monitoring Officer attached.

The Deputy Monitoring Officer presented a report informing members of the recent brokerage insurance procurement. The Insurance Broker contact was last procured in 2016 which established a 2-year contract on a fixed fee basis, with the option to extend on an annual basis for a further 2 years. Both councils chose to extend the contract into years 3 and 4 with the contract coming to an end on the 31 December 2020. A procurement exercise was therefore necessary during 2020 to obtain a new contract. The report identified the successful bid as £840.00 which represented a substantial saving.

In response to a query, it was confirmed that there were 3 bids received and that the criteria weightings were 70% quality and 30% price, with additional criteria relating to due diligence. The successful bidder scored highest on quality and price. The contract would be for 2 years, with the option to extend for a further 2 years.

RESOLVED (unanimously):

That the report be noted.