Award

Private Medical Insurance Brokerage Services

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

20 Jul 2023 at 16:45

Award Notice
Summary of the contracting process

The General Medical Council (GMC) has awarded a contract for Private Medical Insurance Brokerage Services. The GMC is seeking a broker to help secure a private medical insurance provider that offers high-quality service and value for money. The procurement process is open and follows an open procedure. The contract period starts on 21st June 2023 and ends on 22nd May 2026. The procurement stage is currently at the award stage, with a contract value of £2,800,000.

This tender by the GMC presents an opportunity for brokers specialised in insurance brokerage services to compete for providing private medical insurance. The GMC requires the selected provider to have the capability to deliver services across the UK, as the GMC has office locations in London, Manchester, Cardiff, Belfast, and Edinburgh. Small and medium-sized businesses (SMEs) in the insurance brokerage sector are well-suited to participate in this procurement process. The GMC emphasises the importance of tight timescales to meet the renewal date of 1st October 2023.

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Notice Information

Notice Title

Private Medical Insurance Brokerage Services

Notice Description

The GMC provides private medical insurance to its staff as one of its employee benefits. It is an optional benefit which approximately 1066 of our total 1600 staff have opted into. We have provided this employee benefit since 1997. Our current brokerage contract ends on 10 July 2023.We are looking for a broker to support us in securing a private medical insurance provider who will deliver a high-quality service whilst ensuring that we get best value for money. The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh, so any private medical insurer recommended must be able to deliver services throughout the UK. The broker must be able to deliver the work to tight timescales to meet our 1 October 2023 renewal date.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-22de3618-6312-4a08-9bfc-fae7aa624be7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e7f8e73b-df3b-4ad7-9bc2-a8870fbf0017
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£2,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,800,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jul 20232 years ago
Submission Deadline
20 Apr 2023Expired
Future Notice Date
Not specified
Award Date
20 Jun 20232 years ago
Contract Period
20 Jun 2023 - 22 May 2026 2-3 years
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
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London, TLL Wales, TLM Scotland, TLN Northern Ireland
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

Further Information

Notice Documents

Notice URLs

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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