Official UK procurement notice
University of Bristol Group Pension Plan Insurances (UBGPP)
Authority: University of Bristol (Education)
What is being bought2 lots · detail below
Published requirement descriptionThe University of Bristol have awarded 2 contracts for group life assurance and group income protection for members of the University of Bristol Group Pension Plan (‘UBGPPP’).
The requirement is as follows:
Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death;
Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity
CPV: Insurance and pension services
Lots and requirements (2)Procurement structure
2 lots · all with a published value (£5,000,000 together) · win at most 2 of themLot #1Life AssuranceAwardedRenewalPublished value£2,500,000
Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; Additional information: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total.
Lot #2Income Protection InsuranceAwardedRenewalPublished value£2,500,000
To provide members income protection of 60 % of basic salary in the event of incapacity. Additional information: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Suitability
List and brief description of conditions
Service providers must be insurance companies regulated by the Financial Conduct Authority and Market Act2000, Insurance Companies Act 1982 and any other statutory modifications.
The insurer shall be authorised to write the classes of insurance required and be subject to English law and jurisdiction of English Courts.
This tender does not include a requirement for any insurance broking services.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Yes
- First published
- 16 Apr 2024, 10:21 BST
- Last source update
- 23 Jul 2024, 15:15 BST
- Award evaluation window
- 16 Apr 2024 – …
- FTS notice number
2024/S 000-022877- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-045281Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
Publisher note: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. £5M Contract Notice figure is based on the estimated cost of both Lots going to full 4 years (2+2).
How it was run
Official notice- Submission deadline
- 16 May 2024, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 16 Apr 2024, 12:00 BST
Timeline
16 Apr 2024 → 23 Jul 2024 · 3 dates- Bids opened16 Apr 2024, 12:00 BST
- Submission deadline16 May 2024, 12:00 BST
- Notice published23 Jul 2024, 15:15 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete23 Jul 2024, 15:15 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Life Assurance1 award | |||
| Unum UKLot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death | £2,500,000 † | — | Awarded |
| Lot 2 · Income Protection Insurance1 award | |||
| Aviva Life & Pensions UK LimitedLot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity | £2,500,000 † | — | Awarded |
Contracts
Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity · Aviva Life & Pensions UK Limited
- Signed
- 17 May 2024
- Value
- £2,500,000
- Status
- active
Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death · Unum UK
- Signed
- 16 May 2024
- Value
- £2,500,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Life Assurance | 4bids · 4 electronic | — | — | — |
| 2 · Income Protection Insurance | 2bids · 2 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Royal Courts of JusticeReview body
Bidders & participating suppliers
2 commercial parties on the notice- Aviva Life & Pensions LtdAwarded supplier
- Unum UKAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria