Published date: 30 August 2022

Last edited date: 23 September 2022

This notice was replaced on 21 March 2024

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 21 March 2024)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Insurance brokerage and agency services - 66518000

  • Benefit services - 75310000

Location of contract

England

Value of contract

£1,200,000

Procurement reference

REQ/1000072

Published date

30 August 2022

Closing date

11 October 2022

Closing time

12pm

Contract start date

2 February 2023

Contract end date

1 February 2031

Contract type

Service contract

Procedure type

Restricted procedure (above threshold)

A two-stage procedure, where the first stage is used to select suppliers, who are then invited to bid in the second stage.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

This tender opportunity is for the brokerage and management of the Bank's employee benefits package.
This opportunity is a re-tender of the Bank's benefits service, which has been offered to its employees for over 20 years.
The management element includes the provision of an online portal in order for employees to be able to easily access their benefits offering.
Full detail of the scope of requirements can be found in Volume 2 (scope of requirements) of the tendering materials, accessible via the Bank's eTendering portal (Proactis).
Link: https://supplierlive.proactisp2p.com/Account/Login

More information

Additional text

The estimated contract value of this service is £1.2m over the full 8 contract term.
This value excludes the cost of benefits as these are paid by employees, as part of their benefits package, direct to benefits providers.

About the buyer

Contact name

Chloe Ludlow-Gomm

Address

Threadneedle Street
LONDON
EC2R8AH
England

Email

chloe.ludlow-gomm@bankofengland.co.uk