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Provision of Group Term Life and Medical Insurance for Country Based Staff of British High Commission (BHC) Bangladesh

Foreign Commonwealth and Development Office

This public procurement record has 2 releases in its history.

Award

10 Jun 2022 at 07:50

Award Notice
Tender

04 Feb 2022 at 22:45

Tender Notice
Summary of the contracting process

The Foreign Commonwealth and Development Office is seeking to procure Group Term Life and Medical Insurance for its Country Based Staff at the British High Commission in Dhaka, Bangladesh. This procurement falls under the services category, specifically classified as medical insurance services (CPV code 66512220). The contract is set to commence on 1 May 2022, with an initial duration of one year, potentially extendable for up to two further years based on satisfactory performance and market review. Interested suppliers could participate through an open tender process, with the submission deadline having been on 4 March 2022.

Businesses specialising in health and life insurance services would find this tender a valuable opportunity for growth, particularly those with experience providing similar insurance products to governmental or international organizations. Suppliers should demonstrate robust networks with hospitals and clinics in Bangladesh, as well as a solid understanding of managing insurance claims and providing customer support. This procurement not only allows firms to expand their client base but also to build long-term partnerships with a prominent entity like the British High Commission.

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Notice Information

Notice Title

Provision of Group Term Life and Medical Insurance for Country Based Staff of British High Commission (BHC) Bangladesh

Notice Description

The requirement is to obtain a Health Insurance and Group Term Life Insurance policy cover for Country Based Staff in Bangladesh

Lot Information

Lot 1

The British High Commission seeks to implement a group life insurance and health insurance scheme covering members of staff, their spouses, and all eligible children. The contract will commence on 1st May 2022 and will be valid for an initial period of one year with a possibility of an extension for up to two more years (1+1), subject to market review, satisfactory performance, and continued business requirement.

Renewal: The contract will commence on 1st May 2022 and will be valid for an initial period of one year with a possibility of an extension for up to two more years (1+1), subject to market review, satisfactory performance, and continued business requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03139b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015939-2022
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
£305,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£130,257 £100K-£500K

Notice Dates

Publication Date
10 Jun 20224 years ago
Submission Deadline
4 Mar 2022Expired
Future Notice Date
Not specified
Award Date
20 Apr 20224 years ago
Contract Period
Not specified - Not specified
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
DHAKA, BANGLADESH
Postcode
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

American Life Insurance Company

Further Information

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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