Award

Group Life Assurance Brokerage

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

21 Feb 2025 at 17:45

Summary of the contracting process

The General Medical Council (GMC) has completed the procurement process for a Group Life Assurance Brokerage. This tender falls under the Financial and insurance services sector and is relevant across multiple regions including Scotland, North West, Wales, Northern Ireland, and London. The awarded contract, valued at £800,000, is set to commence on 14 June 2024 and will run until 11 June 2027. The GMC sought proposals through an open procedure, with the tender period closing on 12 April 2024. The award was made to Aon Solutions UK Limited, officially published on 21 February 2025.

This tender presents significant opportunities for businesses specialising in financial and insurance services, particularly those that can offer competitive group life assurance benefits. Small and medium-sized enterprises (SMEs) were encouraged to participate, highlighting the procurement's inclusivity towards growing businesses. Companies with expertise in employee benefits and large-scale insurance provision would find this contract particularly suited to their capabilities, offering a stable and substantial revenue stream over a three-year period.

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Notice Title

Group Life Assurance Brokerage

Notice Description

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits. The benefits will provide cover for the majority of staff who are currently members of the GMC Pension plan, estimated at 1,700 individuals. This is an existing employee benefit and our current contract ends on 14 June 2024

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d202b52c-5e32-4c41-af2a-bf7ce11e6bc3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0201c834-b149-4d25-868d-d97b88ae11dc
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
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
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
£800,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Feb 20251 years ago
Submission Deadline
12 Apr 2024Expired
Future Notice Date
Not specified
Award Date
12 Jun 20241 years ago
Contract Period
13 Jun 2024 - 11 Jun 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Not specified
Contact Email
gmctenders@gmc-uk.org
Contact Phone
+44 1619236340

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London, TLL Wales, TLM Scotland, TLN Northern Ireland

Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

AON SOLUTIONS

Further Information

Notice Documents

Notice URLs

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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