Award

Group Life Assurance Policy (Core Benefits)

NATIONAL WEALTH FUND LIMITED

This public procurement record has 3 releases in its history.

AwardUpdate

16 Dec 2025 at 11:46

AwardUpdate

19 Dec 2024 at 15:21

Award

01 Mar 2024 at 07:44

Summary of the contracting process

The procurement process involves the UK Infrastructure Bank Limited, located in Leeds, overseeing a selective tender for a Group Life Assurance Policy aimed at core benefits within the financial and insurance services industry. The contract was awarded to Unum Limited, a small to medium-sized enterprise based in Dorking, Surrey. The tender was part of a call-off from a framework agreement, reflecting the specialised nature of the procurement method. The procurement, which began with the tender period ending on 31 August 2023, has reached the award stage, with the contract active from 1 September 2023 to 31 August 2024. The award was published on 1 March 2024, with a contract value of £46,069.90.

This tender creates opportunities for businesses specialising in financial and insurance services, particularly smaller enterprises keen on leveraging framework agreements for business growth. SMEs within the United Kingdom can compete effectively in such tenders, given the selective procurement approach which focuses on call-offs from existing frameworks. The contract offers a platform for businesses to showcase their specialisation in core benefits assurance policies, aligning with the stringent selection criteria of the UK's infrastructure projects.

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Notice Title

Group Life Assurance Policy (Core Benefits)

Notice Description

Insurance policy in place supporting core benefits.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fba8eaff-f4c8-455a-b906-fd73a5647059
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d935b93b-fa29-47d4-a00d-78be324f10a6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£138,209 £100K-£500K
Lots Value
Not specified
Awards Value
£138,209 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Dec 20252 months ago
Submission Deadline
30 Aug 2023Expired
Future Notice Date
Not specified
Award Date
30 Aug 20232 years ago
Contract Period
31 Aug 2023 - 31 Aug 2026 3-4 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
NATIONAL WEALTH FUND LIMITED
Additional Buyers

UK INFRASTRUCTURE BANK LIMITED

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified

Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

UNUM

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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