Issue - meetings

To consider and endorse or make recommendations to the Deputy Leader and the Cabinet Member for Finance and Procurement on the proposed decision to award contracts for insurance

(1)       Mr Simmonds (Deputy Leader and Cabinet Member for Finance and Procurement) introduced the report saying that the local authority insurance market was restricted with few private sector insurers willing to enter into it.  He also said that the current contract (in place since 2009) was competitively priced, the tender for the new contract had followed the Open Procedure and that it was anticipated that a decision on the award of contract would be made by 6 November 2015.

(2)       In response to questions and comments, Mrs Mattingly (Insurance Manager) said that feedback on the cost benefit analysis of increasing self-insured levels referred to in paragraph 4.2.3 of the report could be provided in due course; and confirmed that tenders included quotes for various levels of self-insurance.

(3)       Resolved that the proposed decision to award the contracts for insurance, which commence in January 2016, and associated inspections in accordance with the terms and conditions of the tender exercise be endorsed.