The federal government’s procurement arm is relatively declining to succumb to provider contacts us to extend its choice to modify down the insurance coverage requirements for G-Cloud 14 to the structure’s 4th Lot
The Crown Commercial Service (CCS) is declining to extend its choice to modify down the quantity of insurance coverage cover needed by potential G-Cloud 14 providers to all 4 of the structure’s Lots, in spite of pleas from providers to do so.
The federal government’s procurement arm is coming under growing pressure from potential G-Cloud 14 Lot 4 providers to reevaluate its choice to keep the quantity of insurance coverage they require to take part in the structure contract at ₤ 25m, Computer Weekly has actually found out.
This remains in the wake of CCS back-tracking on its strategies to “disproportionately trek” the quantity of insurance coverage cover providers would require to take part in G-Cloud 14’s very first 3 Lots by ₤ 20m.
Previous versions of the structure needed providers to hold ₤ 5m in companies’ liability insurance coverage, however for G-Cloud 14, CCS at first mentioned they would likewise require to have different public liability and expert indemnity cover of a minimum of ₤ 10m.
CCS verified on 7 March 2024 that it had actually reevaluated its position on the levels of liability insurance coverage mandated for potential providers. Individuals in Lots 1 to 3 of the structure would now just require ₤ 1m of cover for public liability and expert indemnity, as well as the ₤ 5m in companies’ liability.
Providers wanting to protect a put on the 4th and last Lot of G-Cloud 14 would, nevertheless, still require an overall of ₤ 25m insurance coverage cover.
The choice to keep these raised insurance coverage levels for Lot 4 has actually not landed well with potential providers, which have actually consistently gotten in touch with CCS to alter its mind, according to a copy of the certifying concerns for Lot 4 seen by Computer Weekly.
“I can see the level of insurance coverage required has actually been queried on Lots 1 to 3 and it has actually been altered to a lower level,” composed one potential provider. “Will the insurance coverage level needed for Lot 4 expert indemnity likewise be reduced to listed below ₤ 2.5 m?”
Due to the expert indemnity insurance coverage for a few of the other Lots having actually been minimized, another