Tender

University of Bristol Group Pension Plan Insurances

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Tender

28 Apr 2022 at 12:10

Summary of the contracting process

The University of Bristol is seeking proposals for the provision of Group Life Assurance and Group Income Protection services under the title "University of Bristol Group Pension Plan Insurances." This tender falls under the insurance services category (CPV code 66510000) and is part of an open procurement process. The tender period is set to conclude on 31 May 2022, with the contract expected to commence on 1 August 2022 and run until 31 July 2024. The total value of the contract is estimated at £1,700,000, with submissions required by the specified deadline.

This opportunity presents a significant avenue for growth for businesses specialising in insurance services, particularly those with expertise in life assurance and income protection plans. Firms that can demonstrate a robust understanding of risk management and offer competitive pricing will find themselves well-positioned to compete for this contract. Additionally, businesses should ensure they meet the tender's requirements, as suitability criteria indicate that small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are not specifically catered for in this tender.

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Notice Title

University of Bristol Group Pension Plan Insurances

Notice Description

The University of Bristol are looking to procure Group Life Assurance and Group Income Protection for members of the University of Bristol Group Pension Plan ("UBGPP"). The requirement is as follows: Lot 1) Life Assurance - To provide a payment of 6 x salary in the event of a member death. Lot 2) Income Protection - To provide member income protection of 60% of basic salary in the event of incapacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9bfcdd14-1829-4c5f-9a76-a4e7c2c159b9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0e8f314d-2f90-4210-b4f0-63296f4a1e40
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 20223 years ago
Submission Deadline
31 May 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2022 - 31 Jul 2024 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF BRISTOL
Contact Name
Martyn Dean
Contact Email
martyn.dean@bristol.ac.uk
Contact Phone
+441174560557

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)

Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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