Award

Group Life Assurance brokerage services

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

29 Jul 2020 at 16:45

Summary of the contracting process

The General Medical Council (GMC) has recently completed a tender process for "Group Life Assurance brokerage services", aimed at securing a broker to provide group life assurance benefits for its staff. This procurement falls within the insurance brokerage services industry category and pertains to a contract valued at £800,000. The procurement method was an open procedure, and the tender phase concluded on 27 April 2020, with the contract period effective from 15 June 2020 to 14 June 2023. The GMC operates from five locations across the UK, including London, Manchester, Cardiff, Belfast, and Edinburgh, necessitating a provider capable of delivering services throughout the country. 

This tender presents substantial opportunities for businesses, particularly those specializing in insurance brokerage services with a strong understanding of the country-wide market. Businesses that can efficiently meet tight deadlines and demonstrate a proven ability to assess and navigate the group life assurance market would be exceptionally well-suited to compete. With the GMC's commitment to obtaining value for money, firms that can offer innovative solutions and maintain high service standards stand to benefit significantly from this contract and may find future collaboration with the GMC advantageous.

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Notice Title

Group Life Assurance brokerage services

Notice Description

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits. The benefits will provide cover for the majority of staff who are currently members of the GMC Group Personal Pension plan, estimated at 1,400 individuals. This is an existing employee benefit and our current contract ends on 1 July 2020.We are looking for a broker to support us in securing a group life assurance 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 group life assurance insurer recommended must be able to deliver services throughout the UK.The broker must be able to deliver the work to tight timescales in order to meet our 1 July 2020 renewal date.The broker should have expertise in assessing the group life assurance market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5bdb20eb-9371-48b3-b4cb-321d7dc58a79
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/554309c4-aa8e-410f-8d99-ed2bdeefb58f
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
£800,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20205 years ago
Submission Deadline
27 Apr 2020Expired
Future Notice Date
Not specified
Award Date
13 Jul 20205 years ago
Contract Period
14 Jun 2020 - 14 Jun 2023 2-3 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
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Not specified
Contact Email
gmctenders@gmc-uk.org
Contact Phone
+44 1619236340

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

AON

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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