Award

University of Bristol Group Personal Pension Plan Insurances

UNIVERSITY OF BRISTOL

This public procurement record has 2 releases in its history.

Award

09 Jun 2020 at 07:35

Tender

20 Nov 2019 at 08:30

Summary of the contracting process

The University of Bristol has conducted a public procurement process for the Group Personal Pension Plan Insurances, primarily focusing on Group Life Assurance and Group Income Protection. This tender falls under the services category, specifically within the insurance services sector (CPV code 66510000), and is situated in the South West region of the United Kingdom. The procurement method utilised was an open procedure above the threshold, with the tender period having ended on 17 December 2019. The awarded contract, valued at £1,613,860, commenced on 1 February 2020 and is set to conclude on 31 July 2022.

This procurement process presents significant opportunities for businesses within the insurance sector, particularly those specialising in life assurance and income protection services. Companies with the capability to provide comprehensive employee benefits tailored for large organisations would be well-positioned to participate in such tenders. As this contract has been awarded with a substantial budget, businesses that can demonstrate a history of delivering reliable and competitive insurance services would likely thrive in this competitive marketplace.

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Notice Title

University of Bristol Group Personal Pension Plan Insurances

Notice Description

Group Life Assurance and Group Income Protection for members of the University of Bristol Group Personal Pension Plan ("UBGPPP"). The requirement is as follows: Lot 1) Life Assurance - To provide a payment of 6 x salary in the event of a member death. Lot 2) Income Protection - To provide member income protection of 60% of basic salary in the event of incapacity.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ebd7d05d-2b25-47eb-8859-a3d1e4687618
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9839134d-05f0-4f02-81bf-e765b07a7f86
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,613,860 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Jun 20205 years ago
Submission Deadline
17 Dec 2019Expired
Future Notice Date
Not specified
Award Date
21 Jan 20206 years ago
Contract Period
1 Feb 2020 - 31 Jul 2022 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
UNIVERSITY OF BRISTOL
Contact Name
Martyn Dean
Contact Email
martyn.dean@bristol.ac.uk
Contact Phone
01173940653

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)

Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

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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