Award

International Private Medical Insurance Brokerage Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

14 Mar 2022 at 11:19

Summary of the contracting process

The procurement process involves the Bank of England seeking international private medical insurance brokerage services, with a contract valued at £150,000. The procurement was conducted through a direct award process under the CCS framework agreement for Insurance and Related Services, and the award was completed on 20th February 2022. The contract period commenced on 25th February 2022 and will conclude on 24th February 2025. This project is categorised under medical insurance services, based in London, England, with the tender period ending on 17th December 2021.

This contract opens opportunities for businesses specialising in medical insurance services, particularly those that can offer brokerage services for international claims. Small and medium-sized enterprises (SMEs) may find this an advantageous opportunity to compete, especially given the direct award nature of the contract, which can simplify the bidding process. Businesses with strong expertise in providing tailored insurance solutions for international clients could particularly benefit from engaging in similar future tenders.

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.

Notice Title

International Private Medical Insurance Brokerage Services

Notice Description

Provision of insurance brokerage services for international private medical insurance for the Bank's international secondees. This contract has been direct awarded, to Towergate Underwriting Ltd, via Lot 1 of the CCS framework agreement Insurance and Related Services 3 (RM6020).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77b9f331-8bb5-4534-94e4-2e848b119e66
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5f03e73f-81ce-4355-b161-a91c7fe9e837
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
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
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Mar 20223 years ago
Submission Deadline
17 Dec 2021Expired
Future Notice Date
Not specified
Award Date
20 Feb 20224 years ago
Contract Period
25 Feb 2022 - 24 Feb 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
BANK OF ENGLAND
Contact Name
Chloe Ludlow-Gomm
Contact Email
chloe.ludlow-gomm@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central 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
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TOWERGATE UNDERWRITING

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-b5fd17-77b9f331-8bb5-4534-94e4-2e848b119e66-2022-03-14T11:19:56Z",
    "date": "2022-03-14T11:19:56Z",
    "ocid": "ocds-b5fd17-77b9f331-8bb5-4534-94e4-2e848b119e66",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BOE001-DN602319-52385186",
        "title": "International Private Medical Insurance Brokerage Services",
        "description": "Provision of insurance brokerage services for international private medical insurance for the Bank's international secondees. This contract has been direct awarded, to Towergate Underwriting Ltd, via Lot 1 of the CCS framework agreement Insurance and Related Services 3 (RM6020).",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66512220",
            "description": "Medical insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 150000,
            "currency": "GBP"
        },
        "procurementMethod": "direct",
        "procurementMethodDetails": "Direct award",
        "tenderPeriod": {
            "endDate": "2021-12-17T23:59:00Z"
        },
        "contractPeriod": {
            "startDate": "2022-02-02T00:00:00Z",
            "endDate": "2025-02-24T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-99674",
            "name": "Bank of England",
            "identifier": {
                "legalName": "Bank of England"
            },
            "address": {
                "streetAddress": "Bank of England, Threadneedle Street",
                "locality": "London",
                "postalCode": "EC2R 8AH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Chloe Ludlow-Gomm",
                "email": "chloe.ludlow-gomm@bankofengland.co.uk"
            },
            "details": {
                "url": "http://www.bankofengland.co.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-200800",
            "name": "Towergate Underwriting Ltd",
            "identifier": {
                "legalName": "Towergate Underwriting Ltd"
            },
            "address": {
                "streetAddress": "Adams Tingle House, Kettering, NN15 6XW"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-99674",
        "name": "Bank of England"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-77b9f331-8bb5-4534-94e4-2e848b119e66-1",
            "status": "active",
            "date": "2022-02-20T00:00:00Z",
            "datePublished": "2022-03-14T11:19:56Z",
            "value": {
                "amount": 150000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-200800",
                    "name": "Towergate Underwriting Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-02-25T00:00:00Z",
                "endDate": "2025-02-24T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/5f03e73f-81ce-4355-b161-a91c7fe9e837",
                    "datePublished": "2022-03-14T11:19:56Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}