Tender

Employee Benefits Broker

POOL RE SERVICES LIMITED

This public procurement record has 2 releases in its history.

Tender

17 Dec 2024 at 14:43

Planning

25 Oct 2024 at 08:51

Summary of the contracting process

Pool Re Services Limited, located in London, is seeking a single supplier to design, procure, implement, communicate, and administer employee benefits for their approximately 55 permanent staff members. This open tender, titled "Employee Benefits Broker," falls under the financial and insurance services category, with a focus on services. The procurement process is currently in the tender stage, with key deadlines including the closing of the tender period on 31 January 2025 and the bid opening on 3 February 2025. Interested suppliers can submit their applications electronically or in written form via the detailed submission method outlined in the tender documentation.

This opportunity is ideal for firms well-versed in providing comprehensive employee benefits solutions, offering professional advice to ensure cost-effective and compliant packages within the framework agreement between the company and HM Treasury. Businesses specialising in financial consultancy services, particularly those with experience in regular benefit benchmarking, employee retention strategies, and aligning benefit packages with regulatory and industry trends, would be well-suited for this tender. The contract includes an option to extend up to three additional 12-month periods, presenting substantial growth prospects for providers capable of meeting Pool Re's evolving needs and contributing to their long-term human resource strategy.

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Notice Title

Employee Benefits Broker

Notice Description

Pool Re are procuring for a single Supplier for the design, procurement, implementation, communication and administration of Employee Benefits. Pool Re have approximately 55 permanent members of staff. The Supplier shall provide professional advice on benefits to find cost-effective and fully-compliant solutions for Pool Re's business needs within the Framework agreement between the Company and HM Treasury. Within the service provision there should be an ongoing review of benefits offered in line with the changing needs of the workforce and industry trends, together with regulatory requirements. Regular employee benefit benchmarking against other relevant organisations should ensure that Pool Re's remuneration package remains competitive for recruitment and retention, and proposals for new benefits are thoroughly researched and provide value for money. Pool Re do not require a Benefits Platform, as this is being provided via our newly procured HR system. Further requirements can be found in the tender documentation

Lot Information

Lot 1

Pool Re are procuring for a single Supplier for the design, procurement, implementation, communication and administration of Employee Benefits. Pool Re have approximately 55 permanent members of staff. The Supplier shall provide professional advice on benefits to find cost-effective and fully-compliant solutions for Pool Re's business needs within the Framework agreement between the Company and HM Treasury. Within the service provision there should be an ongoing review of benefits offered in line with the changing needs of the workforce and industry trends, together with regulatory requirements. Regular employee benefit benchmarking against other relevant organisations should ensure that Pool Re's remuneration package remains competitive for recruitment and retention, and proposals for new benefits are thoroughly researched and provide value for money. Pool Re do not require a Benefits Platform, as this is being provided via our newly procured HR system. Further requirements can be found in the tender documentation.

Options: The contract shall give Pool Re Services Limited the right to extend the contract for up to three (3) additional periods of twelve (12) months each.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b13f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040617-2024
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
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

66000000 - Financial and insurance services

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£850,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Dec 20241 years ago
Submission Deadline
31 Jan 2025Expired
Future Notice Date
6 Jan 2025Expired
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

Contracting Authority (Buyer)

Main Buyer
POOL RE SERVICES LIMITED
Contact Name
Steve Bradley
Contact Email
commercialservices@poolre.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC4R 9AF
Post Town
Central 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
TLI London

Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

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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