Award

Scottish Canals-Life Insurance Cover

SCOTTISH CANALS

This public procurement record has 2 releases in its history.

Summary of the contracting process

Scottish Canals is seeking to appoint a Life Insurance provider to deliver Group Risk cover, with the tender titled "Scottish Canals-Life Insurance Cover". This procurement falls under the services category and takes place in Glasgow, UK. The open procurement method indicates a competitive bidding process, inviting various suppliers to participate. The tender period concluded on 25th February 2022, after which the award period commenced. The contract, valued at £171,070, was awarded to MetLife on 29th March 2022.

This tender presents a significant opportunity for businesses in the insurance sector, particularly those specialising in life and group risk coverage. Firms that offer comprehensive claims handling services and bereavement support, as well as those capable of matching existing scheme specifications, will be well-positioned to compete. The active contract duration of approximately three years allows for sustained engagement from interested providers seeking to establish or expand their foothold in the public sector market.

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Notice Title

Scottish Canals-Life Insurance Cover

Notice Description

Scottish Canals is looking to appoint a Life Insurance provider to provide Group Risk cover.

Lot Information

Lot 1

The objective of this ITT is to appoint a Life Insurance provider to provide Group Risk cover and undertake the following tasks. Match or better the current scheme specification. Provide a robust claims handling service including bereavement support for any affected by a claim. Provide a minimum of a 2-year fixed unit rate

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000681994
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL453139
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award 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

66511000 - Life insurance services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£171,070 £100K-£500K

Notice Dates

Publication Date
5 Jul 20223 years ago
Submission Deadline
25 Feb 2022Expired
Future Notice Date
Not specified
Award Date
29 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SCOTTISH CANALS
Contact Name
Owen Jeffreys, Paul Brady
Contact Email
owen.jeffreys@scottishcanals.co.uk, paul.brady@scottishcanals.co.uk
Contact Phone
+44 7976549226

Buyer Location

Locality
GLASGOW
Postcode
N/A
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland

Local Authority
Glasgow City
Electoral Ward
Canal
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

METLIFE

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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