Tender

Group Life Assurance brokerage services

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Tender

23 Mar 2020 at 17:45

Tender Notice
Summary of the contracting process

The General Medical Council (GMC) is currently seeking a broker for Group Life Assurance brokerage services, aimed at providing group life assurance benefits to approximately 1,400 staff members. This procurement is classified under insurance brokerage services and falls under the services category. The tender period is set to conclude on 27 April 2020, with the contract expected to start on 8 June 2020 and run until 7 June 2023. The GMC operates five office locations across the UK: London, Manchester, Cardiff, Belfast, and Edinburgh, necessitating that service providers can deliver throughout the entire region. An open procurement method is being employed, allowing various suppliers to participate in the tendering process.

This tender presents significant opportunities for insurance brokerage businesses looking to expand their client base, particularly those with expertise in group life assurance and an established track record of delivering value-for-money services. Companies that specialise in assessing the group life assurance market, including those capable of evaluating claims history and providing informed recommendations, would be particularly well-suited for this contract. The tight timelines set by the GMC further underscore the need for brokers who can efficiently navigate the procurement process and meet the specified delivery requirements.

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Notice Information

Notice Title

Group Life Assurance brokerage services

Notice Description

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits. The benefits will provide cover for the majority of staff who are currently members of the GMC Group Personal Pension plan, estimated at 1,400 individuals. This is an existing employee benefit and our current contract ends on 1 July 2020.We are looking for a broker to support us in securing a group life assurance provider who will deliver a high-quality service whilst ensuring that we get best value for money.The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh so any group life assurance insurer recommended must be able to deliver services throughout the UK.The broker must be able to deliver the work to tight timescales in order to meet our 1 July 2020 renewal date.The broker should have expertise in assessing the group life assurance market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7c325bca-9087-4317-9068-b8cb83d2dd81
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5532010e-c8e6-47b3-a663-6a939852d76a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20205 years ago
Submission Deadline
27 Apr 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
7 Jun 2020 - 7 Jun 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London, TLL Wales, TLM Scotland, TLN Northern Ireland
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Further Information

Notice Documents

Notice URLs

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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