Award

PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY

PEABODY

This public procurement record has 1 release in its history.

Award

20 Sep 2020 at 14:35

Award Notice
Summary of the contracting process

The procurement process involves Peabody Trust, based in London, which has completed a tender for the "Procurement of the Company Wide Life Assurance Policy," aimed at providing life assurance cover for its employees. This procurement falls under the life insurance services category and is valued at £396,672.33. The open procedure tender period officially ended on 22 June 2020, with the contract period commencing on 1 July 2020 and concluding on 30 June 2022.

This contract presents an opportunity for businesses specialising in life insurance services to engage with Peabody Trust as a prospective client. Companies that are well-suited to compete for this contract include both large insurers capable of providing comprehensive life assurance products and smaller enterprises that can offer tailored services. The nature of this tender caters specifically to firms experienced in employee benefit schemes and life insurance, making it a prime opportunity for growth in this sector.

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Notice Information

Notice Title

PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY

Notice Description

To provide Life Assurance cover for the employees of Peabody Trust, along with any ancillary benefits which may be included within the product.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-859d97d7-e9b1-4e97-ab6d-3530081921e4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b91f560f-9254-495b-947b-f18ab2aac692
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
Tender Suitability
SME
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
£396,672 £100K-£500K
Lots Value
Not specified
Awards Value
£396,672 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Sep 20205 years ago
Submission Deadline
21 Jun 2020Expired
Future Notice Date
Not specified
Award Date
21 Jun 20205 years ago
Contract Period
30 Jun 2020 - 30 Jun 2022 1-2 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
PEABODY
Contact Name
Not specified
Contact Email
patric.lemagnen@peabody.org.uk
Contact Phone
+442038284259

Buyer Location

Locality
LONDON
Postcode
SE1 7JB
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

LEGAL & GENERAL

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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