The Association then buys reinsurance to protect its Members in excess of this retention, enabling it to pool risks and obtain significant purchasing advantages, in respect of both cover and pricing. Our commercial insurers/reinsurers provide identical cover to that given to Members by UMAL.
OJEU and the Teckal Exemption
In procurement parlance, any Higher Education Institute or Further Education College which is publicly funded is a contracting authority, and generally obliged to tender any contract in excess of a limit set down Europe-wide by the Official Journal of the European Union (OJEU). This limit is changed as procurement law changes.
However, the UK’s Supreme Court decision in 2011 confirmed the ‘Teckal Exemption’. This is named after the case of Teckal SrL v Commune di Viano & Azienda Gas (1999). An exemption from the normal application of the Public Contract Regulations 2006 was established where contracting authorities can award contracts to an ‘in-house’ provider – which is what, in effect, UMAL is, given that it is owned by its Members.