The Cabinet Member for Finance, Revenues and Benefits reported on the proposed procurement of a new contract for insurance related services, the current contract for which expired on 31 March 2012.
The Cabinet Member advised that the potential benefits of joint arrangements with other local authorities had been explored but the options appraisal had identified a stand-alone contract, of a duration to be determined during the procurement process, as being the most cost-effective for the Council.
Cabinet agreed:-
(i) The procurement of a stand-alone contract (Option 1) for managing the Council’s insurance programme as detailed in the report; and
(ii) To authorise the Corporate Director of Finance and Resources, in consultation with the Divisional Director of Legal and Democratic Services, to award the contract following the procurement process and to enact the extension options provided for within the contract in the event that it is deemed to be in the best interests of the Council.