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Published 18 Mar 2026, 13:28 GMT

Official UK procurement notice

Private Medical Scheme · UK public procurement notice

Official notice

Authority: BANK OF ENGLAND

ServicesCompetitive flexible procedureAbove threshold
Sectors: Financial and insurance services (66) Delivery: UK
Published estimate£103,000,000≈ £34m / year · £103,000,000 inc. VAT · 1 value update
Submissions closed 13 Aug 2026
Contract term 3 yrsends 31 Mar 2030 · up to 31 Mar 2032 with extensions · starts 1 Apr 2027

What is being bought

Published requirement description

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 £103M.

  • How the procedure runs: Steps to be followed; 1) Publish Tender Notice and provide non-disclosure agreement. 2) Release PSQ and ITT documents following receipt of non-disclosure agreements. PSQ and ITT responses to be returned together by 17th September 2026. 3) PSQ evaluation with unsuccessful bidders notified (first phase evaluation / moderation). Only those bidders passing PSQ have their full ITT submissions evaluated. 4) ITT evaluation. Then supplier presentation / clarification, contract dialogue (ITT scores can increase based on supplier presentation / clarification). 5) Release of latest claims history data. Financial model refresh and updated contract terms as part of Best & Final Offer from bidders progressing to the ITT evaluation phase only. Final Moderation. Contract Award expected December 2026. Reduced tendering period is not being used. Whilst every effort will be taken to meet published dates, they are indicative and may be subject to change.

CPV: Insurance services · Trust services

The lotProcurement structure

single lot · value published
Lot #1Renewal 3 yrsPublished value£103,000,000
Contract period: 1 Apr 2027 – 31 Mar 2030 (3 yrs) · up to 31 Mar 2032 with extensionsValue: £103,000,000 exc. VAT · £103,000,000 inc. VAT
Delivery: UK
Extensions: 2 x 12 month extension available at the discretion of the Bank.
66161000 Trust services66510000 Insurance services
Pre-qualification & selection criteria (PQQ)3
  • Economic & financial standing

    Financial Capacity: Suppliers would be asked to demonstrate financial stability and capacity to fulfil the contract.

  • Technical & professional ability

    Conforming Master Trust Arrangement, Data Protection, Technical Capability & experience, Conformity of master trust arrangement, Sub-contractor management, Payment standards, Carbon Reduction, Modern Slavery, Quality Assurance, Equality and Diversity, Business Continuity, Bribery Act, Cyber Assurance & Privacy, Claims Fund Management, Medical History Disregard, Dependents, Hospital Network, Excess, Inpatient Treatment, Outpatient Annual Limits, Outpatient Annual Limit, Outpatient Surgery, CT/MRI/PET Scans, Cancer Treatment Annual Maximum, Inpatient Mental Health, Outpatient Mental Health, NHS Cash Benefit, Menopause Support, Self-referral Services.

  • Condition of participation

    Highest scoring at ITT evaluation.

    shortlisting

What it takes to win
i

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 more
How bids were scored
Quality: 80%Price: 20%
Published award criteria (2)
  • Quality
  • Price
Conditions of participation3
  • Economic & financial standing

    Financial Capacity: Suppliers would be asked to demonstrate financial stability and capacity to fulfil the contract.

  • Technical & professional ability

    Conforming Master Trust Arrangement, Data Protection, Technical Capability & experience, Conformity of master trust arrangement, Sub-contractor management, Payment standards, Carbon Reduction, Modern Slavery, Quality Assurance, Equality and Diversity, Business Continuity, Bribery Act, Cyber Assurance & Privacy, Claims Fund Management, Medical History Disregard, Dependents, Hospital Network, Excess, Inpatient Treatment, Outpatient Annual Limits, Outpatient Annual Limit, Outpatient Surgery, CT/MRI/PET Scans, Cancer Treatment Annual Maximum, Inpatient Mental Health, Outpatient Mental Health, NHS Cash Benefit, Menopause Support, Self-referral Services.

  • Condition of participation

    Highest scoring at ITT evaluation.

    shortlisting
What this means for your bid
  • Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Competitive flexible procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Closed
Procurement threshold
Above threshold (FTS publication)
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
18 Mar 2026, 13:28 GMT
Last source update
30 Jul 2026, 10:30 BST
Award evaluation window
Submission end – 21 Dec 2026
FTS notice number
2026/S 000-072042
Latest notice
Tender notice (UK4)
Classification (CPV)
Insurance servicesTrust services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-066d94 Find a Tender
How it runs

Steps to be followed;

  1. Publish Tender Notice and provide non-disclosure agreement.
  2. Release PSQ and ITT documents following receipt of non-disclosure agreements. PSQ and ITT responses to be returned together by 17th September 2026.
  3. PSQ evaluation with unsuccessful bidders notified (first phase evaluation / moderation). Only those bidders passing PSQ have their full ITT submissions evaluated.
  4. ITT evaluation. Then supplier presentation / clarification, contract dialogue (ITT scores can increase based on supplier presentation / clarification).
  5. Release of latest claims history data. Financial model refresh and updated contract terms as part of Best & Final Offer from bidders progressing to the ITT evaluation phase only. Final Moderation. Contract Award expected December 2026.

Reduced tendering period is not being used.

Whilst every effort will be taken to meet published dates, they are indicative and may be subject to change.

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredElectronic submission allowedLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Requests to participate (first stage)
13 Aug 2026, 12:00 BST
Submission deadline
13 Aug 2026, 12:00 BST
Clarification deadline
13 Aug 2026, 12:00 BST
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

supplierlive.proactisp2p.com ↗

Timeline

18 Mar 2026 → 1 Apr 2027 · 7 dates
  1. Planning notice published222 days ago
    18 Mar 2026, 13:28 GMT
  2. Market engagement217 days ago
    23 Mar 2026, 23:59 GMT

    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.

  3. Tender notice published88 days ago
    30 Jul 2026, 10:30 BST
  4. Clarification questions by74 days ago
    13 Aug 2026, 12:00 BST
  5. Submission deadline74 days ago
    13 Aug 2026, 12:00 BST
  6. Today
    27 Oct 2026
  7. Award decision expected byin 55 days
    21 Dec 2026, 23:59 GMT
  8. Contract startsin 155 days
    1 Apr 2027, 00:00 BST

Notice history

5 events · 2 releases on Find a Tender · since 18 Mar 2026
  1. Preliminary market engagement notice published
    18 Mar 2026, 13:28 GMT
    UK2
  2. Tender notice published
    30 Jul 2026, 10:30 BST
    UK4
  3. Published value published: £103,000,000
    30 Jul 2026, 10:30 BST
  4. Status changed to active
    30 Jul 2026, 10:30 BST
  5. Procurement method changed
    30 Jul 2026, 10:30 BST

Contracting authority & participating public bodies

BANK OF ENGLAND

Contracting authorityPublic authority - central government GB-COH: RC000042 · GB-PPON: PRDB-1113-HPPT Threadneedle Street, London, London, EC2R 8AHContact email

Official documents & specifications (4)

Official links; attachments are not copied

Tender pack and attachments

  • Bidding documents and specifications tenderBidding documents and specificationsDocuments 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 document…
  • Bidding documents and specificationstenderBidding documents and specificationsAccess: Documents to be provided after the tender notice A - Instructions to Suppliers B - Procurement Specific Questionnaire C - Invitation to Tender (including Tender Questions) D - Statement of Requirements E - Pricing Schedule F - Contractual Terms and Conditions, and Contractual Requirements G - Supplier Code of Practice H - Freedom of Information Form I - Form of Tender Other Documents - Bank of England Security Schedule Documents are provided on the Bank of England's Procurement portal

Notices published for this procedure