Award

Extension - US Benefits - Medical Insurance (Stop Loss, Pharmacy and Admin)

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

10 May 2021 at 16:56

Summary of the contracting process

The Foreign Commonwealth and Development Office has recently completed a procurement process for an extension to the US Benefits Medical Insurance contract, specifically for stop loss, pharmacy, and administrative services. This contract, valued at £683,427, falls within the medical insurance services category and is intended for country-based staff in the US. The contract period commenced on 1st April 2021 and will conclude on 31st March 2022, following an initial tender period that ended on 31st March 2021. The procurement method used was an extension of an existing contract.

This opportunity presents significant potential for businesses specialising in medical insurance services, particularly those with experience in contract extensions. Companies that can offer comprehensive medical insurance solutions tailored to overseas staff, including stop loss and pharmacy services, would be well-positioned to compete. This contract could also serve as a stepping stone for businesses looking to expand their portfolio within the public sector, given the growing demand for specialised healthcare services for expatriate teams.

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Notice Title

Extension - US Benefits - Medical Insurance (Stop Loss, Pharmacy and Admin)

Notice Description

Optional Medical Insurance Coverage (Stop Loss, Pharmacy and Admin) offered to Country Based Staff in the US. 1 of a suite of benefits extended for 1 year only. PIN for future opportunity in Find a Tender

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dbb22a62-e4a4-4154-85c8-c44ccfaef3a0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9d8eae5d-5681-4bc7-9af8-19bd3836b7b3
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 of Existing Contract
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66512220 - Medical insurance services

Notice Value(s)

Tender Value
£683,427 £500K-£1M
Lots Value
Not specified
Awards Value
£683,427 £500K-£1M
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
30 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
Not specified
Contact Email
ame.procurement2@fcdo.gov.uk
Contact Phone
Not specified

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

AETNA

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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