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Group Life Assurance 2023/24

National Highways Limited

This public procurement record has 1 release in its history.

Award

11 Jul 2023 at 12:52

Award Notice
Summary of the contracting process

The National Highways has awarded a contract for Group Life Assurance 2023/24 to AIG. The procurement involved insurance and pension services, with a total contract value of £871,859 in GBP. The contract was awarded through a tender process with a Broker Contract method. The contract period extends from June 28, 2023, to May 31, 2025. The tender covered regions across the United Kingdom.

This awarded contract creates opportunities for insurance and pension service providers to engage in similar future tenders. Businesses in the insurance industry, particularly those with experience in life assurance services, would be well-suited to compete for similar contracts. The contracting authority, National Highways, based in Leeds, England, issued the tender, providing potential for growth and partnership within the insurance sector.

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Notice Information

Notice Title

Group Life Assurance 2023/24

Notice Description

Group Life Insurance requirement for provision of Death In Service.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9be71b46-2c73-4592-ad93-dd6ab825ba60
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e8910e2c-4607-4970-9097-88e6a79f5fc3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Broker Contract
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£871,859 £500K-£1M
Lots Value
Not specified
Awards Value
£871,859 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jul 20233 years ago
Submission Deadline
26 Jun 2023Expired
Future Notice Date
Not specified
Award Date
28 Jun 20233 years ago
Contract Period
28 Jun 2023 - 31 May 2025 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
National Highways Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS11 9AT
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Leeds
Electoral Ward
Beeston & Holbeck
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

American International Group UK Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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