Award

GB-Sheffield: Private Medical Insurance

BRITISH BUSINESS BANK PLC

This public procurement record has 1 release in its history.

Award

20 Aug 2025 at 10:50

Award Notice
Summary of the contracting process

The British Business Bank PLC, based in Sheffield, has completed a procurement process for Private Medical Insurance services, awarding a contract valued at £170,000 to Bupa Insurance Service Limited. The tender, classified under CPV code 66512200, falls within the health insurance services industry. The coverage is intended for BBB employees and applies to the region of Yorkshire and the Humber. This award marks the conclusion of the procurement stage with the contract period running from 1st September 2025 to 31st August 2026. The award was formally published on 20th August 2025, following the tender period that ended on 6th August 2025.

This procurement opportunity presents various growth prospects specifically tailored towards large-scale insurance providers, given the contract's substantial value and the specific service requirements involved. Companies that can deliver robust and comprehensive health insurance solutions stand to benefit most, potentially enhancing their portfolio within the public sector sphere. Such contracts not only bring fiscal benefits but also the prestige of association with a government-owned development bank, bolstering business credentials and visibility in high-stakes public contracts.

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Notice Information

Notice Title

GB-Sheffield: Private Medical Insurance

Notice Description

Private Medical Insurance coverage for BBB employees Additional information: British Business Bank Plc, registered in England and Wales, registration number 08616013, registered office Steel City House, West Street, Sheffield, S1 2GQ, a development bank wholly owned by the HM Government. It and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at www.british-business-bank.co.uk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2189dc40-367f-40a3-a962-4b60ccadfc29
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2348dc50-4168-4110-a10d-35502d96c753
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66512200 - Health insurance services

Notice Value(s)

Tender Value
£170,000 £100K-£500K
Lots Value
Not specified
Awards Value
£170,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20256 months ago
Submission Deadline
5 Aug 2025Expired
Future Notice Date
Not specified
Award Date
5 Aug 20256 months ago
Contract Period
31 Aug 2025 - 31 Aug 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK PLC
Contact Name
Procurement
Contact Email
procurement@british-business-bank.co.uk
Contact Phone
01142062134

Buyer Location

Locality
SHEFFIELD
Postcode
S1 2GQ
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

BUPA INSURANCE SERVICE

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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