Award

Group Life Assurance Policy

STUDENT LOANS COMPANY

This public procurement record has 1 release in its history.

Award

01 Dec 2019 at 06:30

Award Notice
Summary of the contracting process

The Student Loans Company has completed a procurement process for a Group Life Assurance Policy, seeking life insurance services with a contract value of £843,322. The tender was conducted under the open procurement method, and it reached its deadline for submissions on 16 October 2019. The contract period is set to run from 6 November 2019 to 5 November 2024, and it is specifically targeted at suppliers located in Scotland, United Kingdom.

This tender presents an excellent opportunity for businesses in the life insurance industry, particularly those looking to partner with public sector organisations. Small and medium-sized enterprises (SMEs) focused on providing insurance services would find this procurement process suitable, allowing them to grow their business through a long-term contract with an important governmental body, the Student Loans Company.

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Notice Information

Notice Title

Group Life Assurance Policy

Notice Description

SLC are looking for an insurer to provide cover for the provision of the SLC's death in service requirements,

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9c4edfd2-6810-4e13-8ecb-8835d3a083eb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7cb91de7-5314-4ea4-96d0-f9103c9bde34
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
£843,322 £500K-£1M
Lots Value
Not specified
Awards Value
£843,322 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
1 Dec 20196 years ago
Submission Deadline
16 Oct 2019Expired
Future Notice Date
Not specified
Award Date
15 Oct 20196 years ago
Contract Period
6 Nov 2019 - 5 Nov 2024 Over 5 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
STUDENT LOANS COMPANY
Contact Name
Not specified
Contact Email
susan_butcher@slc.co.uk
Contact Phone
+441412433482

Buyer Location

Locality
GLASGOW
Postcode
G2 7JD
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

AVIVA LIFE & PENSIONS

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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