Award

Group Income Protection Brokerage

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 2 releases in its history.

Award

20 Dec 2022 at 15:58

Tender

07 Sep 2022 at 10:10

Summary of the contracting process

The General Medical Council (GMC) has completed the procurement process for Group Income Protection Brokerage services. The GMC, a public body in the UK, sought a broker to secure a group income protection provider. The procurement involved assessing the market, obtaining quotes, negotiating costs, and ongoing support. The GMC has five office locations in London, Manchester, Cardiff, Belfast, and Edinburgh. The tender focused on quality as the main award criterion. The contract was awarded to Mercer.

This tender by the GMC for Group Income Protection Brokerage services presents opportunities for insurance brokerage firms with expertise in group income protection. Businesses with experience in assessing insurance markets, providing cost-benefit analysis, and negotiating with insurers would be well-suited to compete. The contract awarded to Mercer signals a successful engagement in the public procurement process and demonstrates the potential for growth opportunities through fulfilling public sector contracts.

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

Group Income Protection Brokerage

Notice Description

We are looking for a broker to support us in securing a group income protection provider who will deliver a high-quality service whilst ensuring that we get best value for money.

Lot Information

Lot 1

The General Medical Council (GMC) is a public body that maintains the official register of medical practitioners within the United Kingdom. Its main responsibilities are to protect the public, provide educational publications on medical issues, set standards for medical schools in the UK and maintain the medical register. The GMC is a registered charity and is supported by fees paid by its members. The GMC is a medium sized employer and currently has a headcount of 1,500. The GMC provides group income protection cover to its staff as one of its employee benefits. The benefit will provide cover for the majority of staff who are currently members of the GMC Pension plan and we have approximately two thirds of (1000 members of staff) who will be offered this benefit. This is a relatively new employee benefit that we wish to continue to make available to our staff on the basis outlined below: - Income protection benefits payable monthly to an employee covered under the policy upon the employee not being able to carry out their own occupation or depending on the definition of incapacity. - Income protection benefit payable after a period of absence, due to illness or injury, after a deferred period of 26 weeks. - Benefit payable is 50% of gross salary. - Benefit payable to scheme retirement default age of 65. - Benefit to escalate in payment by Consumer Price Index to a maximum of 5%. - Support for colleagues on their return to work We are looking for a broker to support us in securing a group income protection provider who will deliver a high-quality service whilst ensuring that we get best value for money. The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh, so any group income protection insurer recommended must be able to deliver services throughout the UK. The broker should have expertise in assessing the group income protection market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money. Key activities for the broker would be: - Obtain quotes from leading group income protection insurers who are be able to fulfil our requirements. - Provide a report on benefits comparison and analysis. - Negotiate costs with insurers with a view to getting competitive rates. - Provide pricing analysis and fund projection information. - Provide an overview of the private group income protection insurance market to give us context for making decisions. - Quarterly review meetings - Meetings/telephone support to provide information and advice as necessary. - Support to ensure the insurer provides a high-quality service - Support in moving to a preferred provider, as necessary. We will also consider options for the broker to manage the provider on our behalf, although this is not essential. Data around our existing terms and claims history will be provided once a broker has been appointed. The broker will be appointed for a three year term with the option to extend by one year, although there is no guarantee that we will continue with group income protection insurance as a benefit for the whole period of the contract, as all our benefits are under continual review.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03667a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036083-2022
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

75 - Administration, defence and social security services


CPV Codes

66510000 - Insurance services

66518100 - Insurance brokerage services

75311000 - Sickness benefits

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20223 years ago
Submission Deadline
12 Oct 2022Expired
Future Notice Date
Not specified
Award Date
20 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
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Not specified
Contact Email
gmctenders@gmc-uk.org
Contact Phone
+44 1619236340

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified

Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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-03667a-2022-12-20T15:58:29Z",
    "date": "2022-12-20T15:58:29Z",
    "ocid": "ocds-h6vhtk-03667a",
    "description": "(MT Ref:228329)",
    "initiationType": "tender",
    "tender": {
        "id": "GMC1561",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Group Income Protection Brokerage",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66518100",
            "description": "Insurance brokerage services"
        },
        "mainProcurementCategory": "services",
        "description": "We are looking for a broker to support us in securing a group income protection provider who will deliver a high-quality service whilst ensuring that we get best value for money.",
        "value": {
            "amount": 600000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "The General Medical Council (GMC) is a public body that maintains the official register of medical practitioners within the United Kingdom. Its main responsibilities are to protect the public, provide educational publications on medical issues, set standards for medical schools in the UK and maintain the medical register. The GMC is a registered charity and is supported by fees paid by its members. The GMC is a medium sized employer and currently has a headcount of 1,500. The GMC provides group income protection cover to its staff as one of its employee benefits. The benefit will provide cover for the majority of staff who are currently members of the GMC Pension plan and we have approximately two thirds of (1000 members of staff) who will be offered this benefit. This is a relatively new employee benefit that we wish to continue to make available to our staff on the basis outlined below: - Income protection benefits payable monthly to an employee covered under the policy upon the employee not being able to carry out their own occupation or depending on the definition of incapacity. - Income protection benefit payable after a period of absence, due to illness or injury, after a deferred period of 26 weeks. - Benefit payable is 50% of gross salary. - Benefit payable to scheme retirement default age of 65. - Benefit to escalate in payment by Consumer Price Index to a maximum of 5%. - Support for colleagues on their return to work We are looking for a broker to support us in securing a group income protection provider who will deliver a high-quality service whilst ensuring that we get best value for money. The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh, so any group income protection insurer recommended must be able to deliver services throughout the UK. The broker should have expertise in assessing the group income protection market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money. Key activities for the broker would be: - Obtain quotes from leading group income protection insurers who are be able to fulfil our requirements. - Provide a report on benefits comparison and analysis. - Negotiate costs with insurers with a view to getting competitive rates. - Provide pricing analysis and fund projection information. - Provide an overview of the private group income protection insurance market to give us context for making decisions. - Quarterly review meetings - Meetings/telephone support to provide information and advice as necessary. - Support to ensure the insurer provides a high-quality service - Support in moving to a preferred provider, as necessary. We will also consider options for the broker to manage the provider on our behalf, although this is not essential. Data around our existing terms and claims history will be provided once a broker has been appointed. The broker will be appointed for a three year term with the option to extend by one year, although there is no guarantee that we will continue with group income protection insurance as a benefit for the whole period of the contract, as all our benefits are under continual review.",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Quality",
                            "type": "quality",
                            "description": "70"
                        },
                        {
                            "name": "Commercial",
                            "type": "cost",
                            "description": "30"
                        }
                    ]
                },
                "contractPeriod": {
                    "durationInDays": 1440
                },
                "hasRenewal": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66518100",
                        "description": "Insurance brokerage services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "75311000",
                        "description": "Sickness benefits"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66510000",
                        "description": "Insurance services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "http://www.mytenders.co.uk",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2022-10-12T12:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2022-10-12T12:00:00+01:00"
        },
        "bidOpening": {
            "date": "2022-10-12T12:00:00+01:00"
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-1070",
            "name": "General Medical Council (GMC)",
            "identifier": {
                "legalName": "General Medical Council (GMC)"
            },
            "address": {
                "streetAddress": "3 Hardman Street",
                "locality": "Manchester",
                "region": "UK",
                "postalCode": "M3 3AW",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 1619236340",
                "email": "gmctenders@gmc-uk.org",
                "url": "http://www.mytenders.co.uk"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.gmc-uk.org",
                "buyerProfile": "https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA19541",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "description": "Medical regulation"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-103",
            "name": "Public Procurement Review Service",
            "identifier": {
                "legalName": "Public Procurement Review Service"
            },
            "address": {
                "streetAddress": "Cabinet Office",
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 3450103503",
                "email": "publicprocurementreview@cabinetoffice.gov.uk"
            },
            "roles": [
                "reviewBody"
            ],
            "details": {
                "url": "https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit"
            }
        },
        {
            "id": "GB-FTS-71487",
            "name": "Mercer",
            "identifier": {
                "legalName": "Mercer"
            },
            "address": {
                "streetAddress": "The Paragon, Counterslip",
                "locality": "Bristol",
                "region": "UKK",
                "postalCode": "BS1 6BX",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 7385412556"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-1070",
        "name": "General Medical Council (GMC)"
    },
    "language": "en",
    "awards": [
        {
            "id": "036083-2022-GMC1561-1",
            "relatedLots": [
                "1"
            ],
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-71487",
                    "name": "Mercer"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "036083-2022-GMC1561-1",
            "awardID": "036083-2022-GMC1561-1",
            "status": "active",
            "dateSigned": "2022-12-20T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "5",
                "measure": "bids",
                "relatedLot": "1",
                "value": 3
            },
            {
                "id": "6",
                "measure": "smeBids",
                "relatedLot": "1",
                "value": 1
            },
            {
                "id": "7",
                "measure": "foreignBidsFromEU",
                "relatedLot": "1",
                "value": 0
            },
            {
                "id": "8",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "1",
                "value": 3
            },
            {
                "id": "9",
                "measure": "electronicBids",
                "relatedLot": "1",
                "value": 3
            },
            {
                "id": "3",
                "measure": "lowestValidBidValue",
                "relatedLot": "1",
                "value": 1,
                "currency": "GBP"
            },
            {
                "id": "4",
                "measure": "highestValidBidValue",
                "relatedLot": "1",
                "value": 600000,
                "currency": "GBP"
            },
            {
                "id": "1",
                "measure": "lowestValidBidValue",
                "value": 1,
                "currency": "GBP"
            },
            {
                "id": "2",
                "measure": "highestValidBidValue",
                "value": 600000,
                "currency": "GBP"
            }
        ]
    }
}