Notice Information
Notice Title
Life Assurance
Notice Description
Life Assurance is provided to all colleagues by Orbit, to provide a death in service benefit to their next of kin in the event of a colleague's death whilst employed by Orbit.
Procurement Information
This contract is to be awarded on the grounds of urgency due to the need to maintain continuity of Life Assurance cover for Orbit colleagues. This forms a commitment of Orbit's to its colleagues. The existing policy is due to expire imminently, and any lapse in cover could result in a risk to our colleagues and their families. Orbit engaged the Employee Benefits Collective (EBC) LLP to complete a market exercise specifically for Orbit's Life Assurance Cover. EBC engaged a number of insurance providers to invite pricing to provide cover. Due to a increase in the number of claims under the policy in the last few years, several providers opted not to quote. Due to the timescales available, Orbit intends to direct award a contract to Canada Life whose response to the broker represented the greatest value from the responses received. A direct award is necessary to ensure uninterrupted provision of the expiring insurance cover. Orbit will re-procure a new contract for the future provision of this insurance cover in 2026, with the new contract to commence when this 1 year contract expires.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-05f21b
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/081185-2025
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- UK5 - Transparency Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Direct
- Procurement Method Details
- Direct award
- 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
- £297,000 £100K-£500K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 9 Dec 20252 months ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 9 Dec 20252 months ago
- Contract Period
- 1 Jan 2026 - 31 Dec 2026 6-12 months
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Pending
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- ORBIT GROUP LIMITED
- Contact Name
- Not specified
- Contact Email
- group.tenders@orbit.org.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- COVENTRY
- Postcode
- CV3 2SU
- Post Town
- Coventry
- Country
- England
-
- Major Region (ITL 1)
- TLG West Midlands (England)
- Basic Region (ITL 2)
- TLG3 West Midlands
- Small Region (ITL 3)
- TLG33 Coventry
- Delivery Location
- Not specified
-
- Local Authority
- Coventry
- Electoral Ward
- Wyken
- Westminster Constituency
- Coventry East
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/081185-2025
9th December 2025 - Transparency notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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