Award

US Benefits - Vision Insurance

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

Award

11 Mar 2022 at 22:45

Tender

08 Jun 2021 at 21:45

Summary of the contracting process

The Foreign Commonwealth and Development Office is seeking tenders for the "US Benefits - Vision Insurance" contract, which falls under the medical insurance services category. The procurement process is currently in the award stage, with the contract expected to commence on 1 April 2022 and last for three years, ending on 31 March 2025, with options to extend for an additional two years. This open procurement method encourages various suppliers to participate, targeting businesses capable of delivering comprehensive vision insurance coverage across all 50 US states.

This tender represents an excellent opportunity for insurance providers, particularly those specialising in vision insurance and possessing the necessary credentials to operate within the United States. Potential bidders should have a strong US presence, a solid understanding of local regulations, and the capacity to manage comprehensive insurance services. The total potential contract value is estimated at $206,802 USD over five years, providing significant growth potential for successful bidders who can meet the outlined criteria and deliver quality service to the US Network's Country Based Staff members.

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Notice Title

US Benefits - Vision Insurance

Notice Description

Vision Insurance The US Network has provided vision insurance coverage for its Country Based Staff members (CBS) as part of suite of benefits for many years. The suite of benefits provided have taken on more importance with the passage of the Patient Protection and Affordable Care Act (ACA). The ACA provided comprehensive reform of medical, prescription drug, dental and vision insurance across the US. The main goal of the ACA is to ensure all Americans have access to affordable insurance coverage. The current contract expires on the 31st of March 2022.

Lot Information

Lot 1

The nature of vision insurance and the size of the US requires that staff (and any qualifying dependents) have coverage across the 50 US States. In order to ensure geographical coverage and the optimum service provision and Contract Administration, we contracted a benefits Broker. The Contract is for a maximum period of five (5) years. The original contracting period is for three (3) years, with an option to extend for two (2) additional one (1) year periods upon agreement between Authority and Contractor. The contract for the original three (3) year period is scheduled to start on the 1st of April 2022 and shall expire on 31 March 2025, unless extended.

Options: Optional 2 extensions on the contract for 1 year each - creating a total possible contract length of 5 years and forecast total contract value of $206,802USD if all options are utilised.

Renewal: 2 x 12 month extension options

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02b9b9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/006776-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£124,081 £100K-£500K

Notice Dates

Publication Date
11 Mar 20223 years ago
Submission Deadline
25 Jun 2021Expired
Future Notice Date
Not specified
Award Date
21 Feb 20224 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
graeme.kemp@fcdo.gov.uk
Contact Phone
+44 02070080932

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

VISION SERVICE PLAN INSURANCE

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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