Award

US Benefits - Vision Insurance

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

Award

11 Mar 2022 at 16:57

Tender

08 Jun 2021 at 03:03

Summary of the contracting process

The Foreign Commonwealth and Development Office has awarded a contract for "US Benefits - Vision Insurance" to Vision Service Plan Insurance Company. This contract, classified under medical insurance services, is set to cover a three-year initial period starting from 1st April 2022 to 31st March 2025, with an option for two additional one-year extensions. The procurement process was conducted through an open procedure, with the tender period concluding on 7th July 2021. The contract value stands at £94,405, and it includes provision for coverage across the 50 US States, ensuring that all Country Based Staff members have access to necessary insurance services.

This tender presents significant opportunities for businesses specialising in medical insurance services, particularly those licensed to operate in the United States and possessing a substantial presence there. Companies with their own U.S. networks, which can demonstrate compliance with U.S. regulations and an ability to provide wide geographical coverage, will be well-suited to compete. Firms that match the outlined eligibility criteria and can demonstrate strong financial health and experience in managing similar contracts could leverage this opportunity to expand their market footprint and enhance their service offerings.

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Notice Title

US Benefits - Vision Insurance

Notice Description

Award of Contract The US Network has selected a company to provide vision insurance coverage for its Country Based Staff members (CBS) Original opportunity notice here: https://www.contractsfinder.service.gov.uk/notice/f5d48098-93c5-4bf3-a257-005a014ab066 The nature of vision insurance and the size of the US requires that staff (and any qualifying dependents) have coverage across the 50 US States. In order to ensure geographical coverage and the optimum service provision and Contract Administration, we contract a benefits Broker. The Awarded contract can cover a maximum total period of up to five (5) years, if all extensions are utilised. The original contract will be for three (3) years, with an option to extend for two (2) additional one (1) year periods, upon agreement between Authority and Contractor. The contract for the original three (3) year period is scheduled to start on the 1st of April 2022 and shall expire on 31 March 2025, unless extended.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5e7fa246-c476-47ab-bcc7-95eceac2f9aa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f47aca66-2b8f-414b-9e58-f176b913fa5d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66512220 - Medical insurance services

Notice Value(s)

Tender Value
£94,405 Under £100K
Lots Value
Not specified
Awards Value
£94,405 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20223 years ago
Submission Deadline
7 Jul 2021Expired
Future Notice Date
Not specified
Award Date
21 Feb 20224 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 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
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
ame.procurement2@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VISION SERVICE PLAN INSURANCE

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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