Tender

BBC Life Assurance

THE BRITISH BROADCASTING CORPORATION (BBC)

This public procurement record has 1 release in its history.

Tender

23 Mar 2017 at 08:31

Tender Notice
Summary of the contracting process

The British Broadcasting Corporation (BBC) is seeking tenders for a Life Assurance Policy to cover approximately 9,000 employees who joined after 1 December 2010. This procurement is currently at the Tender stage, with submissions accepted until 21 April 2017. The policy is set to commence on 1 July 2017 and will run for a maximum of three years, concluding on 30 June 2020. The total premium for the policy is anticipated to range between £600,000 and £1,500,000 and falls under the industry category of Life Insurance Services. Tenders will be evaluated based on an open procurement method, allowing any qualified supplier to submit a proposal.

This tender presents significant opportunities for businesses specialising in insurance and financial services, particularly those offering group life assurance policies. Companies with the capacity to provide comprehensive coverage and favourable terms may find this procurement advantageous. Additionally, small and medium-sized enterprises (SMEs) are encouraged to participate, as there is a strong potential for them to secure a portion of this substantial contract. Suppliers with innovative solutions, competitive pricing, and robust underwriting processes will be well-positioned to compete effectively for this contract.

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Notice Information

Notice Title

BBC Life Assurance

Notice Description

The BBC requires a Life Assurance Policy for c9, 000 BBC employees who joined the BBC on or after 1 December 2010. Employees who joined the BBC before 1 December 2010 are covered under a separate arrangement which is not included in this exercise. All employees are covered for a minimum lump sum of two times life cover pensionable salary. Employees who elect to join the BBC's defined contribution plan called LifePlan are covered for four times life cover pensionable salary. Around 4,000 employees are currently members of LifePlan and covered for the higher lump sum. As employees can elect to join LifePlan at any time and qualify for the higher cover the BBC is keen to avoid any additional requirements about accepting increased cover under discretionary terms or additional underwriting. As a minimum requirement the BBC is seeking an automatic acceptance limit of PS1.8m sum assured and catastrophe limit of PS200m. In addition to the main group policy there is an excepted life policy currently covering five employees with lifetime pension protection considerations. It is a requirement that these employees are covered under similar terms. The policy will have a guarantee period of at least 2 years and a maximum 3 years, commencing on 1 July 2017 and ending on 30 June 2019/20, based on annual simplified accounting. The total premium charged for the policy is expected to range from PS600,000 - PS1,500,000 and is dependent on the length of the policy, the number of employees covered, the number of employees who elect to join the BBC's defined contribution plan (LifePlan) and the unit rate proposed by the winning Tenderer. Procurement documentation can be accessed at https://bbc.bravosolution.co.uk Additional information: Please register your interest in this project by taking the following steps: 1 - Register your company on the BravoSolution e-Tendering portal (this is only required once): 1.1 - Go to https://bbc.bravosolution.co.uk. 1.2 - Click the link on the login page to Register. 1.3 - Accept the terms and conditions and click 'Continue'. 1.4 - Enter your correct business and user details. 1.5 - Note the username you chose and click 'Save' when complete. 1.6 - You will shortly receive an email with your temporary password. 2 - Express an Interest in the tender: 2.1 - Login to the portal with the username/password. 2.2 - Click the 'PQQs / ITTs Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier). 2.3 - Click on the relevant PQQ/ ITT to access the content. 2.4 - Click the 'Express Interest' button at the top of the page. This will move the PQQ /ITT into your 'My PQQs/ My ITTs' page. (This is a secure area reserved for your projects only. 2.5 - You can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3. Responding to the tender: 3.1 - Click 'My Response' under 'PQQ/ ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining). 3.2 - You can now use the 'Messages' function to communicate with the buyer and seek any clarification. 3.3 - Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT There may be a mixture of online and offline actions for you to perform (there is detailed online help available). 3.4 - You must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance please consult the online help, or contact the Bravo e-Tendering help desk.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8703584a-bcaa-429c-9f7d-739f83de0a03
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bd957ee1-19be-4904-bec5-7675f023d6c8
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66511000 - Life insurance services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Mar 20178 years ago
Submission Deadline
21 Apr 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2017 - 30 Jun 2020 3-4 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
THE BRITISH BROADCASTING CORPORATION (BBC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
W12 7TS
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
Not specified
Local Authority
Hammersmith and Fulham
Electoral Ward
College Park & Old Oak
Westminster Constituency
Ealing Central and Acton

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. 

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