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Award of contract for the 261 - insurance tender, under the CPC framework for insurance lot1 , PCR 2025

Awarded to ZURICH INSURANCE COMPANY LTD

Coleg Gwent(buyer)

Published
Published 9 November 2026

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Overview

Coleg Gwent has awarded a contract for insurance services under Lot 1 of the CPC framework. The contract was awarded to Zurich Insurance Company Ltd for a total value of £1,240,134.

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Key details

Country
United Kingdom
Status
Contract signed
Category
Services
Procedure
Open procedure
Rules
Public Contracts Regulations 2015
Published
9 November 2026
Classification (CPV)
Insurance services

Award outcome

Awarded value
£1,240,134
Award date
13 July 2026
Bids received
1
Winner
  • ZURICH INSURANCE COMPANY LTD

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About the winner

ZURICH INSURANCE COMPANY LTD

Based in
Fareham

No other contract from Coleg Gwent under this supplier name in Skim's records.

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Competition and scoring

Bids received

1

Open and restricted tenders in Financial and insurance services drew a median of 3 bids over the last 24 months; 21% received only one.

How bids were scored

Price 100% · Quality 0%

  • Price100%

Price and cost criteria in black, quality in blue.

Market context

Typical award in Financial and insurance services

£120,000

Median of 2,335 awards in the last 24 months

This award is 10.3× the median.

Coleg Gwent in the last 12 months

7

contracts awarded, worth £3,599,119 in total

See their procurement profile →

Recent awards in Financial and insurance services

The latest contracts other buyers awarded under the same classification.

Notice history

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  1. Contract

    9 November 2026

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