---
title: "Private Medical Scheme"
ocid: "ocds-h6vhtk-066d94"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-066d94"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-066d94.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-066d94.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "BANK OF ENGLAND"
published: "2026-07-30"
---

# Private Medical Scheme

Buyer: BANK OF ENGLAND  
Current stage: Tender  
OCID: ocds-h6vhtk-066d94

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## Summary

The Bank of England, a central government public authority, is currently in the tender stage of its procurement process for a Private Medical Scheme under a Trust model. The contract, valued at £103 million, will cover private medical services for Bank employees, and is set to commence on 1st April 2027, with a possible extension for two additional years. The procurement process is being executed via a competitive flexible procedure, with a selective method. Interested suppliers have until 13th August 2026 to express interest, with propositions expected by 17th September 2026. Bidders who pass the Preliminary Selection Questionnaire (PSQ) will move on to the Invitation to Tender (ITT) phase, leading up to an award decision by December 2026. The scheme's implementation location is the United Kingdom, with services falling under Trust and Insurance categories, following the legal basis outlined in UK legislation 2023/54.

This tender represents an expansive opportunity for businesses specializing in trust and insurance services, particularly those capable of managing large-scale healthcare benefit programmes. Companies with proven financial capacity, technical competence, and a robust master trust arrangement are well-positioned to compete. The project demands conformity with various standards, including data protection, cyber assurance, equality, and sustainability practices, thus benefiting organisations with comprehensive quality assurance frameworks. By engaging with this tender, companies can fortify their standing within the healthcare insurance sector and leverage a significant client in the Bank of England to spearhead further business growth.

## Notice

As part of its overall reward package for Bank employees, the Bank offers private medical cover as a core benefit. The Bank is looking to appoint a supplier who has the capability and capacity to provide a private medical scheme under a Trust model. The exact supply detail is set out in the Statement of Requirements. The Term is 3 +1 +1 years. The value is estimated at PS103M.

### Lot Information

Lot 1

Renewal: 2 x 12 month extension available at the discretion of the Bank.

### Planning Information

A briefing for all interested suppliers will be held on Thursday 26 March 2026 at 11am. 
To attend the briefing, interested suppliers are requested to send an email with Private Medical Scheme PME in the subject line to: Corporate.Contracts@bankofengland.co.uk by 12 noon Monday 23 March. 
The Bank is in the process of drawing up its requirements (including legal terms) for any future contract. In so doing, the Bank is consulting example documentation. Interested suppliers are invited but not required to submit any example / template documentation for reference by the Bank to the email address set out above.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/072042-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Planning, Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 30 Jul 2026 |
| Submission deadline | 13 Aug 2026 |
| Future notice date | 23 Mar 2026 |
| Award date | Not specified |
| Contract period | 31 Mar 2027 - 31 Mar 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £103,000,000 |
| Lots value | £103,000,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66161000 - Trust services
- 66510000 - Insurance services

## Release History

- 30 Jul 2026 at 09:30 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/072042-2026
- 18 Mar 2026 at 13:28 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/024604-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/072042-2026
  30th July 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/024604-2026
  18th March 2026 - Preliminary market engagement notice on Find a Tender
- https://supplierlive.proactisp2p.com/
  Documents are provided on the Bank of England's Procurement portal https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email Corporate.contracts@bankofengland.co.uk with the reference " Private Medical Scheme NDA Request" within the subject, and confirm Proactis Organisation ID, Company Number, VAT registration Number, signatory name and e-mail address for the non-disclosure agreement, this will then be issued via Docusign

## Notice URLs

- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-h6vhtk-066d94. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-066d94.json.