--- title: "US Benefits - Life & Disability" ocid: "ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae.json" source: "Contracts Finder" current_stage: "Tender" buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE" published: "2021-07-23" --- # US Benefits - Life & Disability Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE Current stage: Tender OCID: ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae.json) ## Summary The Foreign Commonwealth and Development Office has completed the awarding process for a tender titled "US Benefits - Life & Disability Insurance." This contract falls under the life insurance services category and is located within the United Kingdom. The procurement method used was an open procedure, with the contract period commencing on 1st April 2022 and set to expire on 31st March 2025, with potential for a two-year extension. The contract is valued at £522,403 and the award notice was published on 13th May 2022. This tender presents significant opportunities for businesses that specialise in life insurance services, particularly those licensed to operate in the United States and capable of providing comprehensive coverage across all 50 states. Companies with strong regulatory compliance and a robust U.S. presence will be particularly well-suited to compete for future contracts related to this procurement. Furthermore, experience in managing contracts and navigating state-specific requirements will be advantageous for interested bidders. ## Notice The US Network provides Life & Disability insurance coverage for its Country Based Staff members (CBS). The benefit has taken on more importance with the passage of time and is a key benefits enjoyed by staff members. The current contract expires on the 31st of March 2022. The size of the US requires that staff have coverage across the 50 US States as coverage may be required during duty travel. In order to ensure geographical coverage and the optimum service provision and Contract Administration, we contract a benefits Broker. Our current Broker is Willis Towers Watson (WTW), whom we have appointed on a separate contract. The Broker specialises in managing the contract, yearly renegotiations, legal advice provision in relation to state and federal changes as well as helping post forecast their expenses and staff contributions for the year ahead. They will be acting as the key point of contact for this procurement opportunity. The Contract is to be for a period of up to five (5) years. Three (3) years, with an option to extend for two (2) additional years upon agreement between Authority and Contractor. The contract for the original three (3) year period is scheduled to start on the 1st of April 2022 and shall expire on 31 March 2025, unless extended. All tender documentation will be sent by, and all substantive communication between the Authority and bidders will be conducted via the FCDO's specialist broker Willis Towers Watson. All bidders must: * Be licensed to do business in the United States (U.S.). * Follow U.S. regulations. * Have a U.S. presence. Companies will be asked to provide: - Copy of the certificate of incorporation - Audited opening balance sheet i.e. at the time of incorporation / commencement of operations, or - Evidence of current shareholders' funds / equity - Business plans and projection for the next 2 - 3 years - Details of ownership (including percentage interest) - Details of reinsurance arrangements - Any plans for ratings by any of the rating agencies, if not already published - Types of business authorised and types written - Details of the board of directors, including a brief resume of the key directors Full Instructions and contact information for WTW is available under Project_6602 / ITT_4453 https://fcdo.bravosolution.co.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/227c5e88-5ff6-4ab2-b50d-59f14f23d45e | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Jul 2021 | | Submission deadline | 23 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2022 - 31 Mar 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2AH | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66511000 - Life insurance services ## Release History - 23 Jul 2021 at 22:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/227c5e88-5ff6-4ab2-b50d-59f14f23d45e ## Documents - https://www.contractsfinder.service.gov.uk/Notice/227c5e88-5ff6-4ab2-b50d-59f14f23d45e 23rd July 2021 - Opportunity notice on Contracts Finder ## Notice URLs - https://fcdo.bravosolution.co.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9e5e2442-9a2a-4260-a9b8-751962d394ae.json.