Award

US Benefits - Life & Disability Insurance

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

Award

13 May 2022 at 08:58

Tender

25 Jul 2021 at 21:44

Summary of the contracting process

The Foreign Commonwealth and Development Office has successfully completed the procurement process for the "US Benefits - Life & Disability Insurance" contract, which falls under the services industry category, specifically focusing on life insurance services (CPV code 66511000). The contract is aimed at providing insurance coverage for Country Based Staff members across all 50 US states, lasting for three years from 1 April 2022 to 31 March 2025, with potential extensions. The initial tender period ended on 23 August 2021, with an open procurement method employed throughout the process, allowing for broad participation.

This opportunity presents significant potential for growth in the insurance sector, particularly for companies licensed to operate in the United States and capable of adhering to US regulations. Businesses specialising in life and disability insurance, especially those with the capability to manage large-scale contracts and provide comprehensive coverage solutions, would be well-positioned to compete for future contracts in this area. The engagement of a benefits broker, such as Willis Towers Watson, in the process further highlights the importance of expertise in contract administration and legal compliance, making it a prime opportunity for firms within the industry.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

US Benefits - Life & Disability Insurance

Notice Description

Contract Award notice for the US Network Life & Disability insurance coverage for its Country Based Staff members (CBS).

Lot Information

Lot 1

The size of the US requires that staff have coverage across the 50 US States as coverage may be required during duty travel. The contract will be for a period of three (3) years, with an option to extend for two (2) additional years upon agreement between Authority and Contractor. The coverage provided by the original three (3) year period started on the 1st of April 2022 and shall expire on 31 March 2025, unless extended.

Renewal: 2 x 12 month extension options

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02cc28
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012441-2022
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

66511000 - Life insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£637,823 £500K-£1M

Notice Dates

Publication Date
13 May 20223 years ago
Submission Deadline
23 Aug 2021Expired
Future Notice Date
Not specified
Award Date
13 Apr 20223 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
ame.procurement2@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

THE HARTFORD

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-02cc28-2022-05-13T09:58:59+01:00",
    "date": "2022-05-13T09:58:59+01:00",
    "ocid": "ocds-h6vhtk-02cc28",
    "description": "https://www.find-tender.service.gov.uk/Notice/009898-2021?",
    "initiationType": "tender",
    "tender": {
        "id": "ocds-h6vhtk-02cc28",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "US Benefits - Life & Disability Insurance",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66511000",
            "description": "Life insurance services"
        },
        "mainProcurementCategory": "services",
        "description": "Contract Award notice for the US Network Life & Disability insurance coverage for its Country Based Staff members (CBS).",
        "lots": [
            {
                "id": "1",
                "description": "The size of the US requires that staff have coverage across the 50 US States as coverage may be required during duty travel. The contract will be for a period of three (3) years, with an option to extend for two (2) additional years upon agreement between Authority and Contractor. The coverage provided by the original three (3) year period started on the 1st of April 2022 and shall expire on 31 March 2025, unless extended.",
                "contractPeriod": {
                    "startDate": "2022-04-01T00:00:00+01:00",
                    "endDate": "2025-03-31T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "2 x 12 month extension options"
                },
                "submissionTerms": {
                    "variantPolicy": "allowed"
                },
                "hasOptions": false,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "price"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "US"
                    },
                    {
                        "region": "US"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "participationFees": [
            {
                "id": "1",
                "type": [
                    "document"
                ]
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://fcdo.bravosolution.co.uk",
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2021-08-23"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 120
            }
        },
        "awardPeriod": {
            "startDate": "2021-08-24T08:00:00+01:00"
        },
        "bidOpening": {
            "date": "2021-08-24T08:00:00+01:00"
        },
        "hasRecurrence": true,
        "reviewDetails": "Any review proceedings will be dealt with in accordance with the requirements of the PCR 2015 or any successor to the PCR 2015. Any review proceedings must be brought within the timescales specified by the applicable law."
    },
    "parties": [
        {
            "id": "GB-FTS-131",
            "name": "Foreign Commonwealth and Development Office",
            "identifier": {
                "legalName": "Foreign Commonwealth and Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "region": "UK",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 02070080932",
                "email": "ame.procurement2@fcdo.gov.uk",
                "url": "https://fcdo.bravosolution.co.uk"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "url": "https://www.gov.uk/government/organisations/foreign-commonwealth-development-office",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "MINISTRY",
                        "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-8675",
            "name": "Foreign, Commonwealth & Development Office",
            "identifier": {
                "legalName": "Foreign, Commonwealth & Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-8676",
            "name": "Centre for Effective Dispute Resolution (CEDR)",
            "identifier": {
                "legalName": "Centre for Effective Dispute Resolution (CEDR)"
            },
            "address": {
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "mediationBody"
            ]
        },
        {
            "id": "GB-FTS-8677",
            "name": "Foreign, Commonwealth & Development Office",
            "identifier": {
                "legalName": "Foreign, Commonwealth & Development Office"
            },
            "address": {
                "locality": "London",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewContactPoint"
            ]
        },
        {
            "id": "GB-FTS-52666",
            "name": "The Hartford",
            "identifier": {
                "legalName": "The Hartford"
            },
            "address": {
                "streetAddress": "1 Hartford Plaza, CT",
                "locality": "Hartford",
                "region": "US",
                "postalCode": "06155",
                "countryName": "United States"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-131",
        "name": "Foreign Commonwealth and Development Office"
    },
    "language": "en",
    "awards": [
        {
            "id": "012441-2022-COM/6602/2021-1",
            "relatedLots": [
                "1"
            ],
            "title": "US Benefits - Life & Disability Insurance",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-52666",
                    "name": "The Hartford"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "012441-2022-COM/6602/2021-1",
            "awardID": "012441-2022-COM/6602/2021-1",
            "title": "US Benefits - Life & Disability Insurance",
            "status": "active",
            "value": {
                "amount": 637823,
                "currency": "USD"
            },
            "dateSigned": "2022-04-14T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 4
            }
        ]
    }
}