The Head of Financial Services has submitted a report to seek approval to invite tenders in respect of the proposed Insurance Services contracts to start on1 January 2023, as required by the Council’s Contract Rules, and delegated authority for the Head of Financial Services in consultation with the Head of Law and Governance to award a contract(s) following a compliant procurement exercise.

Cabinet is recommended to:

1.    Approve commencement of a procurement project to renew the insurance contract for the Council and its companies; and

2.    Delegate authority to the Head of Financial Services in consultation with the Head of Law and Governance to award a contract for the provision of insurance services to Oxford City Council and group companies from 1st January 2023 for a period of 3 years with an option to extend for up to 2 years (1+1), following a compliant procurement exercise.

The Head of Financial Services had submitted a report to seek approval to invite tenders in respect of proposed insurance services contracts to start on 1 January 2023, as required by the Council’s Contract Rules, and delegate authority to the Head of Financial Services in consultation with the Head of Law and Governance to award a contract(s) following a compliant procurement exercise.

Cabinet resolved to:

1.       Approve commencement of a procurement project to renew the insurance contract for the Council and its companies; and

2.       Delegate authority to the Head of Financial Services in consultation with the Head of Law and Governance to award a contract for the provision of insurance services to Oxford City Council and group companies from 1 January 2023 for a period of 3 years with an option to extend for up to 2 years (1+1) following a compliant procurement exercise.