Award

US Benefits - Dental Insurance

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 3 releases in its history.

AwardUpdate

01 Apr 2022 at 17:09

Award

01 Apr 2022 at 17:09

Tender

15 Jun 2021 at 18:28

Summary of the contracting process

The Foreign Commonwealth and Development Office has recently awarded a contract for Dental Insurance titled "US Benefits - Dental Insurance," classified under medical insurance services. This procurement is part of a tender process that began on 1st April 2022, following the expiration of the previous contract on 31st March 2022. The awarded contract is valued at £1,360,598 and is set to last for an initial period of three years, with an option to extend for an additional two years. The contract stipulates coverage across all 50 US states, underlining the geographical requirements for service delivery and contract administration.

This tender presents significant opportunities for businesses in the insurance sector, especially those licensed to operate in the United States and equipped to provide comprehensive medical insurance services across various jurisdictions. Companies with experience in managing large contracts, particularly those specialising in healthcare benefits and reinsurance arrangements, would be particularly well-placed to capitalise on this opportunity. Potential bidders must demonstrate a substantial U.S. presence and the capability to adhere to relevant regulations, making it a prime chance for established insurance providers seeking to expand their portfolio.

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Notice Title

US Benefits - Dental Insurance

Notice Description

Contract Award for Dental Insurance. The US Network has provided Dental Insurance coverage for its Country Based Staff members (CBS) as part of suite of benefits for many years. The suite of benefits provided have taken on more importance with the passage of the Patient Protection and Affordable Care Act (ACA). The ACA provided comprehensive reform of medical, prescription drug, dental and vision insurance across the US. The main goal of the ACA is to ensure all Americans have access to affordable insurance coverage. The current contract expires on the 31st of March 2022. The nature of Dental Insurance and the size of the US requires that staff (and any qualifying dependents) have coverage across the 50 US States. In order to ensure geographical coverage and the optimum service provision and Contract Administration, we contract a benefits Broker. The Contract will be for a maximum period of up to five (5) years. The original contract length will be for three (3) years, with an option to extend for two (2) additional one (1) year periods upon agreement between Authority and Contractor. The contract for the original three (3) year period is scheduled to start on the 1st of April 2022 and shall expire on 31 March 2025, unless extended.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-106670a1-6d23-41d5-8802-37be2dd9ff7e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/969e9ab0-108a-41d9-a900-1d37ae4d0256
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66512220 - Medical insurance services

Notice Value(s)

Tender Value
£1,360,598 £1M-£10M
Lots Value
Not specified
Awards Value
£1,360,598 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 20223 years ago
Submission Deadline
16 Jul 2021Expired
Future Notice Date
Not specified
Award Date
2 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CIGNA HEALTH AND LIFE INSURANCE COMPANY (CHLIC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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