Award

Insurance Claims Handling Service

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

26 Aug 2022 at 21:24

Summary of the contracting process

The Financial Services Compensation Scheme Limited has completed an award for the "Insurance Claims Handling Service" tender, classified under financial and insurance services. The contract value is £50,000 GBP, with a procurement method of direct single tender action. The tender period ended on 22nd June 2022, and the contract period is from 1st August 2022 to 31st July 2023. The buying organisation is located in London, England, and is seeking services in the insurance industry.

This tender opportunity for handling various insurance claims can be beneficial for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations. Businesses in the financial and insurance services sector, particularly those experienced in claims handling for conditions like noise-induced hearing loss, hand-arm vibration syndrome, and asbestos-related illnesses, are well-suited to compete for this contract. The option to extend the contract up to three times on a yearly basis offers long-term growth potential for successful bidders.

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Notice Title

Insurance Claims Handling Service

Notice Description

The scope of the contract is to handle claims covering: - noise-induced hearing loss ("NIHL") claims; - hand-arm vibration syndrome ("HAVS") claims; - asbestosis claims; - pleural plaques claims; - mesotheolioma claims; - lung cancer claims The contract includes the option to extend up-to three times on each occasion for a period of 12 months

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-525bb4de-6c66-44e6-899b-d4adb71b14d2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fdc44e09-d145-4363-9592-599d2e4e8d1c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Aug 20223 years ago
Submission Deadline
21 Jun 2022Expired
Future Notice Date
Not specified
Award Date
31 Jul 20223 years ago
Contract Period
31 Jul 2022 - 31 Jul 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
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
EC3A 7QU
Post Town
Central 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
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BAI CLAIMS SERVICES

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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