Award

TEN 17-043 Provision of a Flexible Benefits Platform

THE FINANCIAL CONDUCT AUTHORITY

This public procurement record has 1 release in its history.

Award

04 Jul 2018 at 10:28

Award Notice
Summary of the contracting process

The procurement process for the "TEN 17-043 Provision of a Flexible Benefits Platform" was conducted by the Financial Conduct Authority, based in London, England. This open tender, classified under the services category with a focus on presentation and rewards, has a total contract value of £500,000. The contract commenced on June 1, 2018, and is set to conclude on May 31, 2021. The tender period ended on June 16, 2017, and the award for the contract was made on August 14, 2017, to AON Consulting (Benefits) Limited, a large supplier known for providing insurance brokerage services.

This tender presents significant opportunities for businesses specialising in benefits services and insurance brokerage, particularly for those looking to expand their clientele within the public sector. The open procurement method encourages competition, allowing larger firms as well as new entrants to bid. Companies that provide technology platforms for benefits processing or offer consultancy in employee benefits management would be well positioned to engage in similar future tenders or partnerships.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

TEN 17-043 Provision of a Flexible Benefits Platform

Notice Description

The provision of a benefit processing platform and a brokerage services for insured benefits.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6cfabf31-3517-4515-909f-0748d066f7d9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4d6099d5-7727-41ec-87b5-2438ac1b94f6
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

18 - Clothing, footwear, luggage articles and accessories

66 - Financial and insurance services

75 - Administration, defence and social security services

CPV Codes

18530000 - Presents and rewards

66518100 - Insurance brokerage services

75310000 - Benefit services

Notice Value(s)

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

Notice Dates

Publication Date
4 Jul 20187 years ago
Submission Deadline
16 Jun 2017Expired
Future Notice Date
Not specified
Award Date
13 Aug 20178 years ago
Contract Period
31 May 2018 - 31 May 2021 3-4 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 FINANCIAL CONDUCT AUTHORITY
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
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

AON CONSULTING (BENEFITS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-6cfabf31-3517-4515-909f-0748d066f7d9-2018-07-04T11:28:46+01:00",
    "date": "2018-07-04T11:28:46+01:00",
    "ocid": "ocds-b5fd17-6cfabf31-3517-4515-909f-0748d066f7d9",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "TEN 17-043",
        "title": "TEN 17-043 Provision of a Flexible Benefits Platform",
        "description": "The provision of a benefit processing platform and a brokerage services for insured benefits.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "18530000",
            "description": "Presents and rewards"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66518100",
                "description": "Insurance brokerage services"
            },
            {
                "scheme": "CPV",
                "id": "75310000",
                "description": "Benefit services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "E20 1JN"
                    }
                ]
            }
        ],
        "value": {
            "amount": 500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2017-06-16T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2018-06-01T00:00:00+01:00",
            "endDate": "2021-05-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-GOR-OT1085",
            "name": "THE FINANCIAL CONDUCT AUTHORITY",
            "identifier": {
                "legalName": "THE FINANCIAL CONDUCT AUTHORITY",
                "scheme": "GB-GOR",
                "id": "OT1085"
            },
            "address": {
                "streetAddress": "12 Endeavour Square",
                "locality": "LONDON",
                "postalCode": "E20 1JN",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Kirsty Fincham",
                "email": "FPSprocurement@fca.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-90202",
            "name": "AON Consulting (Benefits) Limited",
            "identifier": {
                "legalName": "AON Consulting (Benefits) Limited"
            },
            "address": {
                "streetAddress": "Farnborough United Kingdom"
            },
            "details": {
                "scale": "large",
                "vcse": true
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-OT1085",
        "name": "THE FINANCIAL CONDUCT AUTHORITY"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-6cfabf31-3517-4515-909f-0748d066f7d9-1",
            "status": "active",
            "date": "2017-08-14T00:00:00+01:00",
            "datePublished": "2018-07-04T11:28:46+01:00",
            "value": {
                "amount": 500000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-90202",
                    "name": "AON Consulting (Benefits) Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2018-06-01T00:00:00+01:00",
                "endDate": "2021-05-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/4d6099d5-7727-41ec-87b5-2438ac1b94f6",
                    "datePublished": "2018-07-04T11:28:46+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}