Award

Insurance Brokerage Services for British Consulate General Hong Kong

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

Award

03 Apr 2024 at 03:21

Tender

20 Dec 2023 at 08:27

Summary of the contracting process

The Foreign Commonwealth and Development Office based in London, United Kingdom, has awarded a contract for Insurance Brokerage Services for the British Consulate General in Hong Kong. The procurement stage was an open procedure, and the award was made to Pacific Prime Insurance Brokers Limited. The contract, valued at £344,623.87, was signed on 1st April 2024. The service area falls under the services category, with the procurement method being an open procedure.

This tender for Insurance Brokerage Services presents an opportunity for businesses to cater to the insurance needs of the British Consulate General in Hong Kong. Companies with expertise in insurance brokerage services, particularly those focusing on the specific areas mentioned in the tender description such as Medical Insurance Coverage, Group Life Insurance, and more, would be well-suited to compete. The tender aims to secure comprehensive insurance coverage for the local staff and dependents of the British Consulate General, providing a substantial business opportunity in the services sector.

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

Insurance Brokerage Services for British Consulate General Hong Kong

Notice Description

Insurance Brokerage Services.

Lot Information

Lot 1

Insurance Brokerage Services.

Renewal: With option to renew for 2 years annually. (1+1+1)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04271b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010672-2024
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

66518100 - Insurance brokerage services

Notice Value(s)

Tender Value
£2,250,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£344,623 £100K-£500K

Notice Dates

Publication Date
3 Apr 20241 years ago
Submission Deadline
29 Jan 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2027 2-3 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
apac.procurement@fcdo.gov.uk
Contact Phone
Not specified

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

PACIFIC PRIME INSURANCE BROKERS

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-04271b-2024-04-03T04:21:49+01:00",
    "date": "2024-04-03T04:21:49+01:00",
    "ocid": "ocds-h6vhtk-04271b",
    "initiationType": "tender",
    "tender": {
        "id": "CPG/10365/2024",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Insurance Brokerage Services for British Consulate General Hong Kong",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66518100",
            "description": "Insurance brokerage services"
        },
        "mainProcurementCategory": "services",
        "description": "Insurance Brokerage Services.",
        "value": {
            "amount": 2250000,
            "currency": "HKD"
        },
        "lots": [
            {
                "id": "1",
                "description": "Insurance Brokerage Services.",
                "contractPeriod": {
                    "startDate": "2024-04-01T00:00:00+01:00",
                    "endDate": "2027-03-31T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "With option to renew for 2 years annually. (1+1+1)"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled",
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "price"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "HK"
                    },
                    {
                        "region": "HK"
                    }
                ],
                "deliveryLocation": {
                    "description": "British Consulate General Hong Kong."
                },
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://fcdo.bravosolution.co.uk/",
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "suitability",
                    "description": "Supplier must be an established entity with the legal right to provide and manage the required services within Hong Kong.",
                    "appliesTo": [
                        "supplier"
                    ]
                }
            ]
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2024-01-29T12:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 90
            }
        },
        "awardPeriod": {
            "startDate": "2024-01-29T12:00:00Z"
        },
        "bidOpening": {
            "date": "2024-01-29T12:00:00Z",
            "address": {
                "streetAddress": "Hong Kong 12:00 H"
            }
        },
        "hasRecurrence": true
    },
    "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": {
                "email": "APAC.Procurement@fcdo.gov.uk",
                "url": "https://fcdo.bravosolution.co.uk/"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "https://fcdo.bravosolution.co.uk/",
                "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-10941",
            "name": "Pacific Prime Insurance Brokers Limited",
            "identifier": {
                "legalName": "Pacific Prime Insurance Brokers Limited"
            },
            "address": {
                "locality": "Kowloon",
                "region": "HK",
                "countryName": "Hong Kong"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        },
        {
            "id": "GB-FTS-17481",
            "name": "Foreign, Commonwealth and Development Office",
            "identifier": {
                "legalName": "Foreign, Commonwealth and Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "email": "APAC.Procurement@fcdo.gov.uk"
            },
            "roles": [
                "reviewBody"
            ],
            "details": {
                "url": "https://fcdo.bravosolution.co.uk/"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-131",
        "name": "Foreign Commonwealth and Development Office"
    },
    "language": "en",
    "awards": [
        {
            "id": "010672-2024-CPG/10365/2024-1",
            "relatedLots": [
                "1"
            ],
            "title": "Insurance Brokerage Services for British Consulate General Hong Kong",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-10941",
                    "name": "Pacific Prime Insurance Brokers Limited"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "010672-2024-CPG/10365/2024-1",
            "awardID": "010672-2024-CPG/10365/2024-1",
            "title": "Insurance Brokerage Services for British Consulate General Hong Kong",
            "status": "active",
            "value": {
                "amount": 344623.87,
                "currency": "GBP"
            },
            "dateSigned": "2024-04-01T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "3",
                "measure": "bids",
                "relatedLot": "1",
                "value": 1
            },
            {
                "id": "1",
                "measure": "lowestValidBidValue",
                "value": 114874.62,
                "currency": "GBP"
            },
            {
                "id": "2",
                "measure": "highestValidBidValue",
                "value": 344623.87,
                "currency": "GBP"
            }
        ]
    }
}