Award

Provision of Group Life Assurancce

CENTRE FOR PROCESS INNOVATION LIMITED

This public procurement record has 1 release in its history.

Award

18 Dec 2024 at 13:13

Summary of the contracting process

The Centre for Process Innovation Limited has completed the procurement process for the provision of group life assurance and group income protection schemes, classified under life insurance services (CPV 66511000). The process involved a selective procurement method via a call-off from a framework agreement, targeting the regions of England and Scotland within the United Kingdom. The tender process concluded on 11 January 2022, with the contract commencing on 1 March 2022 and set to end on 28 February 2026. The awarded contract, valued at £14,757 in GBP, was awarded to Marsh Limited, a large-scale supplier based in London.

This tender presents substantial opportunities for businesses within the insurance services industry, particularly for those specialising in life assurance and income protection schemes. SMEs can benefit greatly from competing in such frameworks due to the inclusive procurement strategy of the Centre for Process Innovation. Companies experienced in managing and administrating large-scale insurance schemes and looking to expand their services across multiple UK regions will find this contract particularly beneficial to enhancing their business growth and market presence.

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Notice Title

Provision of Group Life Assurancce

Notice Description

Account management and administration of Group Life Assurance and Group Income Protection Schemes

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-862ec7f4-1123-4e3d-b646-82dab25449d9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/76010ba1-765d-425e-a41d-70347acb3c26
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£14,757 Under £100K
Lots Value
Not specified
Awards Value
£14,757 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
11 Jan 2022Expired
Future Notice Date
Not specified
Award Date
19 Apr 20223 years ago
Contract Period
1 Mar 2022 - 28 Feb 2026 4-5 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
CENTRE FOR PROCESS INNOVATION LIMITED
Contact Name
CPI Procurement
Contact Email
e-tendering@uk-cpi.com
Contact Phone
01740 625716

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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England), TLM Scotland

Local Authority
Redcar and Cleveland
Electoral Ward
Dormanstown
Westminster Constituency
Redcar

Supplier Information

Number of Suppliers
1
Supplier Name

MARSH

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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