Award

US Benefits - Life & Disability Insurance - Extension 21-22

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

10 May 2021 at 16:36

Summary of the contracting process

The Foreign Commonwealth and Development Office has completed a procurement process for the "US Benefits - Life & Disability Insurance - Extension 21-22" contract, classified under the CPV code for insurance services. This procurement took place in the services industry, with a total contract value of £229,295. The contract covers various delivery locations including the United Kingdom and other British Overseas Territories, and commenced on 1st April 2021, concluding on 31st March 2022. The procurement method employed was an extension to an existing contract under the Public Contracts Regulations 2015, with key dates reflecting the tender period ending on 31st March 2021 and the award notice published on 10th May 2021.

This tender represents a significant opportunity for businesses in the insurance sector, particularly those with capabilities in providing life and disability insurance. Companies looking to expand their operations within government contracts and enhance their service offerings to public sector clients will find this a relevant opportunity. As the awarded supplier, MetLife, exemplifies a large-scale entity in this field, smaller, nimble firms that can provide competitive pricing or innovative solutions may also find their niche in future tenders related to this suite of benefits.

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Notice Title

US Benefits - Life & Disability Insurance - Extension 21-22

Notice Description

1 of a suite of optional benefits provided to Country Based Staff across the US Network. COVID previously affected the ability to recontract the suite of requirements. Suite of 4 benefits to be contracted this FY. PIN for new requirements already on Find a Tender.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ac4928f6-8de9-453e-8082-f76b29b06860
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fda9aa09-0659-467b-871c-e7101efc9a0f
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 - Extension to existing contract under PCR 2015
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66510000 - Insurance services

Notice Value(s)

Tender Value
£229,295 £100K-£500K
Lots Value
Not specified
Awards Value
£229,295 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 May 20214 years ago
Submission Deadline
30 Mar 2021Expired
Future Notice Date
Not specified
Award Date
31 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2022 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
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
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

METLIFE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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