Award

Group Life Assurance

CENTRE FOR PROCESS INNOVATION LIMITED

This public procurement record has 1 release in its history.

Award

05 Oct 2021 at 15:54

Award Notice
Summary of the contracting process

The Centre for Process Innovation Limited has completed a procurement process for the provision of Group Life Assurance services over a one-year period, commencing from August 1, 2021, to July 31, 2022, with a total contract value of £82,452. This procurement was executed using a direct method through a single tender action, as it fell below the threshold for competitive bidding. The relevant procurement stage has been reported as 'Award', and the contract was awarded to MetLife on July 31, 2021. The services are classified under the CPV code for insurance services, and delivery is expected in the United Kingdom.

This tender presents a significant opportunity for businesses in the insurance sector, particularly those offering life assurance services. Small and medium enterprises (SMEs) may find it advantageous to engage, given that the procurement process accommodates their participation. Companies specialising in insurance and capable of providing competitive and tailored solutions for group life assurance will be well-suited to pursue similar contracts in the future. Networking with the Centre for Process Innovation Limited may further enhance potential business growth through partnerships or supply agreements.

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Notice Information

Notice Title

Group Life Assurance

Notice Description

Provision of Group Life Assurance for 1 year. Brokered by CPI's insurance broker appointed under framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-729aa859-591a-4728-8dc0-bbb931e9af9d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a4188ba8-b451-44ef-9d95-03954d47a4b6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£82,452 Under £100K
Lots Value
Not specified
Awards Value
£82,452 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Oct 20214 years ago
Submission Deadline
31 Jul 2021Expired
Future Notice Date
Not specified
Award Date
30 Jul 20214 years ago
Contract Period
31 Jul 2021 - 31 Jul 2022 6-12 months
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
CENTRE FOR PROCESS INNOVATION LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
REDCAR
Postcode
TS10 4RF
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC32 South Teesside
Delivery Location
Not specified
Local Authority
Redcar and Cleveland
Electoral Ward
Dormanstown
Westminster Constituency
Redcar

Supplier Information

Number of Suppliers
1
Supplier Name

METLIFE

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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