Award

Flexible Benefits Selection & Brokerage

FINANCIAL CONDUCT AUTHORITY

This public procurement record has 2 releases in its history.

Award

30 May 2023 at 13:04

Tender

03 Aug 2022 at 15:05

Summary of the contracting process

The Financial Conduct Authority has awarded a contract for "Flexible Benefits Selection & Brokerage" to Aon UK Ltd. The procurement falls under the services category and involves brokerage of flexible benefit providers and provision of a benefit selection portal. The contract, valued at GBP 400,000, was signed on 17th December 2022. The tender was in the procurement stage and utilised an open procedure. The delivery addresses are in the United Kingdom.

This procurement by the Financial Conduct Authority offers an opportunity for businesses, especially those providing personnel and payroll services, to compete. Companies well-suited for this tender are those experienced in offering benefit brokerage and portal services. The active status of the tender indicates a chance for interested suppliers to engage in providing these services and potentially secure contracts for business expansion.

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Notice Title

Flexible Benefits Selection & Brokerage

Notice Description

Brokerage of flexible benefit providers and provision of portal for the selection of flexible benefits.

Lot Information

Lot 1

Brokerage of flexible benefit providers and provision of portal for the selection of flexible benefits.

Renewal: Option to extend for an additional twelve months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0358ad
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015262-2023
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

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66518100 - Insurance brokerage services

79631000 - Personnel and payroll services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
£750,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£400,000 £100K-£500K

Notice Dates

Publication Date
30 May 20232 years ago
Submission Deadline
2 Sep 2022Expired
Future Notice Date
Not specified
Award Date
17 Dec 20223 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

Contracting Authority (Buyer)

Main Buyer
FINANCIAL CONDUCT AUTHORITY
Additional Buyers

BANK OF ENGLAND (INCLUDING THE PRA)

FINANCIAL OMBUDSMAN SERVICE

FINANCIAL SERVICES COMPENSATION SCHEME

MONEY & PENSIONS SERVICE

PAYMENT SERVICES REGULATOR

Contact Name
Kevin McMahon
Contact Email
fcaprocurement@fca.org.uk, kevin.mcmahon@fca.org.uk
Contact Phone
+44 2070664634

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

AON

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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