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University of Bristol Group Pension Plan Insurances

University of Bristol

This public procurement record has 1 release in its history.

Tender

28 Apr 2022 at 10:48

Tender Notice
Summary of the contracting process

The University of Bristol is actively seeking to procure group life assurance and group income protection insurances as part of its University of Bristol Group Pension Plan ('UBGPPP'). This tender falls within the insurance services category and is based in Bristol, United Kingdom. The procurement process is currently at the Tender stage, with submissions due by 31 May 2022. The total estimated value of the procurement is £1,700,000, divided into two lots: Life Assurance (£900,000) and Income Protection (£800,000). The procurement is being conducted through an open procedure, allowing a wide range of suppliers to participate.

This procurement presents significant opportunities for insurance companies, particularly those registered and regulated by the Financial Conduct Authority, to expand their market presence. Companies that specialise in life insurance and income protection services will find this tender especially relevant. With a robust tender value and a need for high-quality services for the University’s pension members, successful bidders can establish long-term relationships with a prestigious educational institution, potentially leading to recurring business through contract renewals.

How relevant is this notice?

Notice Information

Notice Title

University of Bristol Group Pension Plan Insurances

Notice Description

The University of Bristol are looking to procure group life assurance and group income protection for members of the University of Bristol Group Pension Plan ('UBGPPP'). The requirement is as follows: Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity

Lot Information

Life Assurance

To ensure members are insured for 6 x salary in the event of death.

Renewal: The intention is to re-procure the requirement before expiry of the contract being tendered.

Income Protection Insurance

To provide members income protection of 60 % of basic salary in the event of incapacity.

Renewal: The intention is to re-procure the requirement before expiry of the contract being tendered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03313c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010910-2022
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

66510000 - Insurance services

66511000 - Life insurance services

66512000 - Accident and health insurance services

66512100 - Accident insurance services

66512200 - Health insurance services

66515410 - Financial loss insurance services

Notice Value(s)

Tender Value
£1,700,000 £1M-£10M
Lots Value
£1,700,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 20224 years ago
Submission Deadline
31 May 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Bristol
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Postcode Area
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK11 Bristol, City of
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

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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