Tender

C20242153 - Benefits Brokerage and support

OFCOM

This public procurement record has 1 release in its history.

Tender

13 Feb 2025 at 10:18

Tender Notice
Summary of the contracting process

Ofcom, located in London, England, is seeking external consultancy services for their employee benefits packages under the title "C20242153 - Benefits Brokerage and Support." This tender falls within the Financial and Insurance Services industry category and will encompass delivery addresses across the UK and other specified regions. The procurement method is an open procedure for services above the threshold, with a tender period ending on 17 March 2025 at 12:00 PM. Key stages include the initiation of services starting 1 July 2025 and continuing until 30 June 2028, with a possible extension of up to two further 12-month periods.

This tender offers substantial growth opportunities for businesses specialising in benefits brokerage and insurance consultancy. Companies with proven brokerage capabilities, particularly in private medical, life insurance, group income protection, and related areas, can significantly benefit. Additionally, businesses proficient in offering bespoke solutions and cost optimisation, while ensuring regulatory compliance, will find this tender particularly advantageous. Small and medium-sized enterprises (SMEs) are encouraged to apply, provided they have the expertise to assist Ofcom in areas like employee benefit design, cost management, and effective communication during annual benefit enrolment.

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Notice Information

Notice Title

C20242153 - Benefits Brokerage and support

Notice Description

Ofcom has a requirement for external advice on our employee benefits packages. The requirement is for advice on the brokerage, design and implementation of our core benefits, and also bespoke solutions to suit Ofcom's overall benefits package. 6.2 As a minimum, the service must deliver the following: - Proven brokerage ability to assist Ofcom in choosing core benefit insurance products: in private medical, life insurance and group income protection product o Be able to provide advice on how to minimise total costs and premiums o Be able to provide contract review and negotiation of core benefit insurance products o Help Ofcom ensure it is compliant with any regulations relevant to the benefits o Be able to assist in resolving problems, acting as a go between to help resolve any problems with claims or administration of benefits - Advise on choosing appropriate insurance produces for employee bought benefits: Dental, critical illness, travel - Give advice on changes to benefits packages based on employee demographics and previous utilization rates It would be preferable were the service also able to: - Provide expert advice in all flexible benefits - Assist with employee communications related to annual benefit enrolment Any contract(s) awarded following the conclusion of the tender process will be for an initial duration of 3 years which will expire on 30 June 2028. At Ofcom's discretion the contract may be extended for up tp two further periods of 12 months each. The maximum length of the contract is therefore five years from the services commencement date.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a04d023b-b09a-4bf0-8022-06f2c0f4d5e9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e6a1b760-fa57-4818-b945-bda4557ed4bf
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
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
17 Mar 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2025 - 30 Jun 2028 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
OFCOM
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
SE1 9HA
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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