Published date: 13 February 2025
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
Financial and insurance services - 66000000
Location of contract
SE1 9HA
Value of contract
£300,000
Procurement reference
tender_481072/1445622
Published date
13 February 2025
Closing date
17 March 2025
Closing time
12pm
Contract start date
1 July 2025
Contract end date
30 June 2028
Contract type
Service contract
Procedure type
Open procedure (above threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
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
Ofcom has a requirement for external advice on our employee benefits packages. The requirement is for advice on the brokerage, design and implementation of our core benefits, and also bespoke solutions to suit Ofcom's overall benefits package.
6.2 As a minimum, the service must deliver the following:
- Proven brokerage ability to assist Ofcom in choosing core benefit insurance products: in private medical, life insurance and group income protection product
o Be able to provide advice on how to minimise total costs and premiums
o Be able to provide contract review and negotiation of core benefit insurance products
o Help Ofcom ensure it is compliant with any regulations relevant to the benefits
o Be able to assist in resolving problems, acting as a go between to help resolve any problems with claims or administration of benefits
- Advise on choosing appropriate insurance produces for employee bought benefits: Dental, critical illness, travel
- Give advice on changes to benefits packages based on employee demographics and previous utilization rates
It would be preferable were the service also able to:
- Provide expert advice in all flexible benefits
- Assist with employee communications related to annual benefit enrolment
Any contract(s) awarded following the conclusion of the tender process will be for an initial duration of 3 years which will expire on 30 June 2028. At Ofcom's discretion the contract may be extended for up tp two further periods of 12 months each.
The maximum length of the contract is therefore five years from the services commencement date.
About the buyer
Contact name
Mark Lundy
Address
Riverside House, 2a Southwark Bridge Road
London
SE1 9HA
England
Telephone
020 7981 3204
Website
Share this notice
Closing: 17 March 2025, 12pm
All content is available under the
