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US Benefits - Dental Insurance

Foreign Commonwealth and Development Office

This public procurement record has 2 releases in its history.

Award

01 Apr 2022 at 19:58

Award Notice
Tender

15 Jun 2021 at 22:45

Tender Notice
Summary of the contracting process

The Foreign Commonwealth and Development Office is seeking tender submissions for the "US Benefits - Dental Insurance" contract, which falls under the medical insurance services category. The contract is designed to provide coverage for Country Based Staff members across the United States and is currently in the active procurement stage, with the awarded contract period commencing on 1st April 2022 and lasting for three years, with options to extend for an additional two years. The total forecast value of the contract, if all options are exercised, is approximately $2,980,500 USD. Key dates include the contract start date, contract expiry on 31st March 2025, and a notable prior expiry on 31st March 2022.

This tender presents significant opportunities for organisations specialising in dental and medical insurance services, particularly those with the capability to operate across all 50 US states. Mandatory criteria for participation require bidders to be licensed to operate in the US and maintain a local presence with their own networks. Businesses particularly well-suited to compete include large insurance carriers that can manage extensive coverage requirements and who are prepared to submit detailed corporate documentation as part of the bidding process.

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Notice Information

Notice Title

US Benefits - Dental Insurance

Notice Description

Contract Award for Dental Insurance. The US Network has provided Dental 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 Dental 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 up to five (5) years. The original contract length will be 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 $2,980,500USD if all options are utilised.

Renewal: 2 x 12 month extension options

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02bc65
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008920-2022
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
£1,788,300 £1M-£10M

Notice Dates

Publication Date
1 Apr 20224 years ago
Submission Deadline
15 Jul 2021Expired
Future Notice Date
Not specified
Award Date
2 Mar 20224 years ago
Contract Period
1 Apr 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Foreign Commonwealth and Development Office
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Postcode Area
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

Cigna Health and Life Insurance Company (CHLIC)

Further Information

Open Contracting Data Standard (OCDS)

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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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