Award

Group Life Assurance

RESTORATION & RENEWAL DELIVERY AUTHORITY LTD

This public procurement record has 2 releases in its history.

AwardUpdate

09 Oct 2024 at 12:57

Award

05 May 2023 at 14:08

Summary of the contracting process

The Restoration & Renewal Delivery Authority Ltd (R&R) has successfully awarded a Group Life Assurance policy contract. This tender, valued at GBP 200,000, was procured through the insurance broker Marsh Mercer and focuses on life insurance services classified under CPV 66511000. The contract, primarily for services, covers the London region in the United Kingdom and began on 13 March 2023, concluding on 13 March 2027. The status of the tender is complete, with the initial award made on 7 March 2023. The procurement method used falls under "Other - Broker Services," and the tender process has noted suitability for SMEs and VCSEs.

This Group Life Assurance tender presents considerable opportunities for businesses specialising in insurance services, particularly those experienced in broker-mediated contracts. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) stand to gain the most from engaging with such contracts, which offer stable and long-term business potential. Given the scale and importance of the R&R project's life assurance requirements, businesses could leverage this tender to secure a foothold in government-related insurance services, enhancing their portfolio and growing their market presence.

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Notice Title

Group Life Assurance

Notice Description

Award of Group Life Assurance policy for R&R procured through insurance broker Marsh Mercer. Contract Notice updated to include both original contract award and any extension options published during the tender.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60d4ed5d-6f72-4dc6-aff1-25d493bc507f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4760e3eb-b29d-4f71-95b6-5f121fe0db8b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Broker Services
Tender Suitability
SME, VCSE
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
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20241 years ago
Submission Deadline
12 Jan 2023Expired
Future Notice Date
Not specified
Award Date
7 Mar 20232 years ago
Contract Period
13 Mar 2027 - 13 Mar 2027 24 hours
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
RESTORATION & RENEWAL DELIVERY AUTHORITY LTD
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
SW1A 0AA
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
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AIG LIFE

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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