Award

Group Life Assurance

ASTON UNIVERSITY

This public procurement record has 1 release in its history.

Award

16 Apr 2025 at 08:52

UK7 - Contract Details Notice
Summary of the contracting process

Aston University, located in Birmingham, has completed its procurement process for a Group Life Assurance Policy. This falls under the services category within the life insurance industry, specifically CPV code 66511000. The contract process has moved to the award stage with the contract being signed in March 2025. The contract period starts on 1st April 2025 and will run until 31st March 2026, with the possibility of renewal up to March 2028. The value of the contract is £137,187. This procurement used a limited competition method, as it is below the threshold.

This tender presents significant opportunities for businesses specialising in life insurance services. Large enterprises like Unum Limited, which has been awarded the contract, are well-suited to compete in this area due to the substantial scope and specialised nature of the services required. Companies in the insurance sector can leverage this contract to expand their portfolio and build relationships with reputable institutions such as Aston University, thereby fostering business growth and market credibility.

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Notice Information

Notice Title

Group Life Assurance

Notice Description

Group Life Assurance Policy

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0503ab
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015419-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66511000 - Life insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£137,187 £100K-£500K

Notice Dates

Publication Date
16 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Mar 202510 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ASTON UNIVERSITY
Additional Buyers

AON UK LIMITED

Contact Name
Not specified
Contact Email
enquiries@mavenps.co.uk, procurement@aston.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 7ET
Post Town
Birmingham
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
City of London
Electoral Ward
Lime Street
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

UNUM

Further Information

Notice Documents

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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