Published date: 23 March 2017

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.


Closing: 21 April 2017

Contract summary

Industry

  • Life insurance services - 66511000

Location of contract

Any region

Value of contract

£600,000 to £1,500,000

Procurement reference

tender_122663/574414

Published date

23 March 2017

Closing date

21 April 2017

Contract start date

1 July 2017

Contract end date

30 June 2020

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The BBC requires a Life Assurance Policy for c9, 000 BBC employees who joined the BBC on or after 1 December 2010. Employees who joined the BBC before 1 December 2010 are covered under a separate arrangement which is not included in this exercise. All employees are covered for a minimum lump sum of two times life cover pensionable salary. Employees who elect to join the BBC's defined contribution plan called LifePlan are covered for four times life cover pensionable salary. Around 4,000 employees are currently members of LifePlan and covered for the higher lump sum. As employees can elect to join LifePlan at any time and qualify for the higher cover the BBC is keen to avoid any additional requirements about accepting increased cover under discretionary terms or additional underwriting. As a minimum requirement the BBC is seeking an automatic acceptance limit of £1.8m sum assured and catastrophe limit of £200m. In addition to the main group policy there is an excepted life policy currently covering five employees with lifetime pension protection considerations. It is a requirement that these employees are covered under similar terms.

The policy will have a guarantee period of at least 2 years and a maximum 3 years, commencing on 1 July 2017 and ending on 30 June 2019/20, based on annual simplified accounting.

The total premium charged for the policy is expected to range from £600,000 - £1,500,000 and is dependent on the length of the policy, the number of employees covered, the number of employees who elect to join the BBC's defined contribution plan (LifePlan) and the unit rate proposed by the winning Tenderer.

Procurement documentation can be accessed at https://bbc.bravosolution.co.uk

More information

Links

Additional text

Please register your interest in this project by taking the following steps: 1 - Register your company on the BravoSolution e-Tendering portal (this is only required once): 1.1 - Go to https://bbc.bravosolution.co.uk. 1.2 - Click the link on the login page to Register. 1.3 - Accept the terms and conditions and click 'Continue'. 1.4 - Enter your correct business and user details. 1.5 - Note the username you chose and click 'Save' when complete. 1.6 - You will shortly receive an email with your temporary password. 2 - Express an Interest in the tender: 2.1 - Login to the portal with the username/password. 2.2 - Click the 'PQQs / ITTs Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier). 2.3 - Click on the relevant PQQ/ ITT to access the content. 2.4 - Click the 'Express Interest' button at the top of the page. This will move the PQQ /ITT into your 'My PQQs/ My ITTs' page. (This is a secure area reserved for your projects only. 2.5 - You can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box. 3. Responding to the tender: 3.1 - Click 'My Response' under 'PQQ/ ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining). 3.2 - You can now use the 'Messages' function to communicate with the buyer and seek any clarification. 3.3 - Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT There may be a mixture of online and offline actions for you to perform (there is detailed online help available). 3.4 - You must then submit your reply using the 'Submit Response' button at the top of the page. If you require any further assistance please consult the online help, or contact the Bravo e-Tendering help desk.

About the buyer

Contact name

Jody Hart

Address

2nd Floor, The Lighthouse, White City Place, 201 Wood Lane
London
W12 7TS
England

Email

jody.hart.ext@bbc.co.uk