Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Provision of Group Life Assurance

Scottish Borders Housing Association Ltd

This public procurement record has 2 releases in its history.

Award

16 Dec 2024 at 00:00

PCS Notice - Website Contract Award Notice
Tender

02 Feb 2024 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Scottish Borders Housing Association Ltd (SBHA) has completed the procurement process for the provision of Group Life Assurance to its staff. Located in Selkirk, SBHA sought a contract within the housing and community amenities industry category and eventually awarded the contract to Wren Sterling. The procurement was conducted through an open procedure to procure services under CPV code 66000000. Key timelines included the tender period ending on 29th February 2024 and the contract award date on 26th March 2024. The contract, worth an estimated GBP 75,000 for a 5-year term, begins with an initial 3-year period with two optional 12-month extensions dependent on performance, benefitting staff with Death in Service covering 1x their annual salary.

The awarded contract presents an excellent business growth opportunity, particularly for firms specialised in insurance brokerage or life assurance services, and is registered with and regulated by the UK Financial Conduct Authority or the Prudential Regulation Authority. By securing such a high-value, long-term contract, businesses can establish a stable revenue stream and enhance their portfolio with a reputable client like SBHA. The procurement process required electronic submissions, ensuring a streamlined and accessible participation method for businesses capable of providing the demanded services effectively.

How relevant is this notice?

Notice Information

Notice Title

Provision of Group Life Assurance

Notice Description

SBHA intends to offer a 5-year contract with an initial term of 3 years followed by 2 x 12 months extensions at the sole discretion of Scottish Borders Housing Association, based on contract performance. The estimated contract value is GBP 15,000 per annum amounting to GBP75,000 for the full 5-year term, providing Death in Service benefit to members of staff on contracts of 12 months or longer 1 x their Annual Salary, including any commission/brokerage fees.

Lot Information

Lot 1

SBHA intends to offer a 5-year contract with an initial term of 3 years followed by 2 x 12 months extensions at the sole discretion of Scottish Borders Housing Association, based on contract performance. The estimated contract value is GBP 15,000 per annum amounting to GBP 75,000 for the full 5-year term, providing Death in Service benefit to members of staff on contracts of 12 months or longer 1 x their Annual Salary, including any commission/brokerage fees.. This Award was made on 26 March 2024. This publication is for administrative purposes at this stage.

Renewal: 2 x 12 months at the discretion of SBHA based on performance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000756445
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC520395
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66511000 - Life insurance services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
£75,000 Under £100K
Awards Value
Not specified
Contracts Value
£60,687 Under £100K

Notice Dates

Publication Date
16 Dec 20241 years ago
Submission Deadline
29 Feb 2024Expired
Future Notice Date
Not specified
Award Date
26 Mar 20242 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Borders Housing Association Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SELKIRK
Postcode
TD7 5DT
Postcode Area
Galashiels
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM91 Scottish Borders
Delivery Location
TLM91 Scottish Borders
Local Authority
Scottish Borders
Electoral Ward
Selkirkshire
Westminster Constituency
Berwickshire, Roxburgh and Selkirk

Supplier Information

Number of Suppliers
1
Supplier Name

Wren Sterling

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...