Award

BBC Life Assurance (CAN CF)

THE BRITISH BROADCASTING CORPORATION (BBC)

This public procurement record has 1 release in its history.

Award

03 May 2018 at 07:15

Award Notice
Summary of the contracting process

The British Broadcasting Corporation (BBC) has completed a tender for a Life Assurance Policy aimed at approximately 9,000 employees who joined after 1 December 2010. The contract, which falls under the category of life insurance services (CPV code 66511000), was awarded to Aviva Life & Pensions UK Ltd. on 1 November 2017, with a value between £600,000 and £1,500,000. The contract period lasts until 1 July 2020, and the tender was conducted using an open procurement method. The procurement process concluded on 21 April 2017, with the award notice published on 3 May 2018.

This tender offers significant opportunities for businesses in the insurance sector, particularly those that specialise in life assurance and related financial services. Companies that can demonstrate the capability to manage large group policies and provide competitive products would be well-suited to compete in future tenders of this nature. Given the BBC's large employee base, potential suppliers could leverage this contract to expand their market presence and establish long-term relationships with significant public sector clients.

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Notice Information

Notice Title

BBC Life Assurance (CAN CF)

Notice Description

The BBC went to market for a Life Assurance Policy for c9,000 BBC employees who joined the BBC on or after 1 December 2010. Employees who joined the BBC before 1 December 2010 are covered under a separate arrangement and were not included in this exercise. All employees are covered for a minimum lump sum of two times life cover pensionable salary. Employees who elect to join the BBC's defined contribution plan called LifePlan are covered for four times life cover pensionable salary. Around 4,000 employees are currently members of LifePlan and covered for the higher lump sum. The contract value is within the PS600,000 - PS1,500,000 advertised in the contract notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5832f21d-7ee7-48b5-bce8-408da305a7db
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/62464f6e-2b32-4eae-80b3-021995febe0e
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66511000 - Life insurance services

Notice Value(s)

Tender Value
£1
Lots Value
Not specified
Awards Value
£1
Contracts Value
Not specified

Notice Dates

Publication Date
3 May 20187 years ago
Submission Deadline
21 Apr 2017Expired
Future Notice Date
Not specified
Award Date
1 Nov 20178 years ago
Contract Period
1 Nov 2017 - 1 Jul 2020 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
THE BRITISH BROADCASTING CORPORATION (BBC)
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
W12 7TQ
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
Not specified
Local Authority
Hammersmith and Fulham
Electoral Ward
College Park & Old Oak
Westminster Constituency
Ealing Central and Acton

Supplier Information

Number of Suppliers
1
Supplier Name

AVIVA LIFE & PENSIONS

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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