Award

GB-London: PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY

PEABODY TRUST

This public procurement record has 1 release in its history.

Award

25 Jul 2018 at 10:28

Summary of the contracting process

The procurement process involved the Peabody Trust, seeking bids for the "Procurement of the Company Wide Life Assurance Policy" in the life insurance services sector, located in London, United Kingdom. This procurement was in the award stage, having concluded on 24th July 2018. The total value of the contract awarded was approximately £416,588, with a contract duration of 12 months, commencing from 30th July 2018. The process was initiated through a tender approach, and the contract has the potential for a 12-month extension upon agreement.

This tender presents significant opportunities for businesses involved in providing life insurance services, particularly large-scale providers who can meet the needs of the Peabody Trust. Companies that have experience in corporate insurance solutions would be well-suited to compete for similar contracts in the future. Additionally, organisations that can provide innovative insurance options tailored to the diverse needs of large employers may find this an advantageous market to engage with.

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Notice Title

GB-London: PROCUREMENT OF THE COMPANY WIDE LIFE ASSURANCE POLICY

Notice Description

Procurement of the company wide life assurance policy Additional information: The duration of the Contract will be for 12 months, with the possible extension for up to a further 12 months subject to agreement between Peabody and the successful Provider.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f8a84ae4-2e46-4792-b30d-c90b3ed4f69b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1a288dc2-d6b4-4efd-b388-4c198df45fff
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
Not specified
Tender Suitability
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66511000 - Life insurance services

Notice Value(s)

Tender Value
£416,588 £100K-£500K
Lots Value
Not specified
Awards Value
£416,588 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20187 years ago
Submission Deadline
24 Jul 2018Expired
Future Notice Date
Not specified
Award Date
23 Jul 20187 years ago
Contract Period
29 Jul 2018 - 29 Jul 2019 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
PEABODY TRUST
Contact Name
Patric Lemagnen
Contact Email
patric.lemagnen@peabody.org.uk
Contact Phone
02038284259

Buyer Location

Locality
LONDON
Postcode
SE1 7JB
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
TLI London

Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

Supplier Information

Number of Suppliers
1
Supplier Name

OMNILIFE INSURANCE

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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