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Published 30 Aug 2022, 09:14 BST

Official UK procurement notice

Services Management · UK public procurement notice

Official notice

Authority: BANK OF ENGLAND·Consortium: 2 public authorities

ServicesRestricted procedure
Sectors: Administration, defence and social security services (75) Delivery: UKLondon (UKI31)
Published estimate£1,200,000exc. VAT
Submissions closed 4 Oct 2022awarded 30 May 2023
Awarded to BENIFEX LIMITED

What is being bought

Published requirement description

The Bank of England has appointed an administrator to support a variety of services.

  • Recurrence: This procurement is a re-tender of an existing Bank of England contract.

CPV: Benefit services · Insurance brokerage and agency services · Insurance brokerage services

The lotProcurement structure

single lot · value published
Lot #1AwardedRenewalPublished value£1,200,000
Delivery: UK, London
Extensions: 2 successive periods of 2 years. · The 8 year contract period is being awarded on an initial 4 year basis with options to extend for up to an additional 2 years on a 2+2 basis. During the 4-8 year contracting period re-tender activity is likely to take place in order to remain compliant under the PCR 2015.Second stage: up to 5 candidates invited to tenderVariant bids: not allowed
66518000 Insurance brokerage and agency services66518100 Insurance brokerage services75310000 Benefit services

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 sub-criteria (2)
  • Technical criteria: 80%
  • price: 20%
Published award criteria (2)
  • Technical criteria: 80%
  • Price: 20%
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
Restricted 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 · This procurement is a re-tender of an existing Bank of England contract.
First published
30 Aug 2022, 09:14 BST
Last source update
21 Mar 2024, 14:02 GMT
FTS notice number
2024/S 000-009195
Classification (CPV)
Benefit servicesInsurance brokerage and agency servicesInsurance brokerage services
Delivery area
UKLondon (UKI31)
Official registry OCID
ocds-h6vhtk-0363df Find a Tender

How it was run

Official notice
Run through: ProContract (Due North) · Who buys & how to bid on ProContract
Supplier login requiredLanguage: EN
Access & registration note: Free · short registration with manual review; public opportunity list
Submission deadline
4 Oct 2022, 12:00 BST
Submission channel
{"electronicSubmission"}
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

supplierlive.proactisp2p.com/Account/Login ↗

Timeline

4 Oct 2022 → 21 Mar 2024 · 3 dates
  1. Submission deadline
    4 Oct 2022, 12:00 BST
  2. Invitations to tender expected
    7 Nov 2022
  3. Notice published
    21 Mar 2024, 14:02 GMT

Notice history

2 events · 2 releases on Find a Tender · since 21 Mar 2024
  1. Status changed to complete
    21 Mar 2024, 14:02 GMT
  2. Buyer details updated
    21 Mar 2024, 14:02 GMT

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £1,200,0001 contract exc. VAT
Bids received 3
Contracts signed 1latest 30 May 2023
Awarded toValueDateStatus
BENIFEX LIMITEDSME£1,200,000 †—Awarded

Contracts

  • Contract 009195-2024-CON/1001134-1 · BENIFEX LIMITEDSME

    Signed
    30 May 2023
    Value
    £1,200,000
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
3bids———

Contracting authority & participating public bodies

2 public bodies on the notice

BANK OF ENGLAND

Contracting authorityBody governed by public lawEconomic affairs GB-COH: RC000042 Threadneedle Street, LONDON, London, EC2R8AHContact email

Dispute resolution & review bodies

  • High Court of England and WalesReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Benefex LimitedAwarded supplierGB-COH: 04768546 Mountbatten House, Grosvenor Square, Southampton, Hampshire, London, London, SO15 2JU

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria