Find a TenderAwarded
Published 16 Apr 2024, 10:21 BST

Official UK procurement notice

University of Bristol Group Pension Plan Insurances (UBGPP)

Official notice

Authority: University of Bristol (Education)

2 lotsServicesOpen procedureMax 2 lots per supplier
Published estimate£5,000,000total for 2 lots
Submissions closed 16 May 2024awarded 17 May 2024
Awarded to Unum UK, Aviva Life & Pensions UK Limited2 awards

What is being bought2 lots · detail below

Published requirement description

The 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 them
Lot #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.

Delivery: UK · Bristol
Extensions: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Prior to the 48 months the intention is to re-procure the requirement before expiry of the contract being tendered.Variant bids: not allowed
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.

Delivery: UK · Bristol
Extensions: Contract is a 24 month initial term followed by option to extend by a further 24 months. Potential contract 48 months in total. Prior to the 48 months the intention is to re-procure the requirement before expiry of the contract being tendered.Variant bids: not allowed

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
Lot distribution rule: Lot 1: Life Assurance Lot 2: Income Protection
Conditions of participation1
  • 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)
Insurance and pension services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-045281 Find a Tender
Contract terms
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
Run through: portal not identified
Language: EN
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
Detailed submission instructions & authority contactsFrom official release

Timeline

16 Apr 2024 → 23 Jul 2024 · 3 dates
  1. Bids opened
    16 Apr 2024, 12:00 BST
  2. Submission deadline
    16 May 2024, 12:00 BST
  3. Notice published
    23 Jul 2024, 15:15 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    23 Jul 2024, 15:15 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 2
Awarded value £5,000,0002 contracts exc. VAT
Bids received 6
Contracts signed 2latest 17 May 2024
Awarded toValueDateStatus
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

LotBidsSMEVCSEValid bid range
1 · Life Assurance4bids · 4 electronic———
2 · Income Protection Insurance2bids · 2 electronic———

Contracting authority & participating public bodies

University of Bristol

Contracting authorityEducationBody governed by public lawEducation 4th Floor, Augustine's Courtyard, Orchard Lane, Bristol, UK, BS1 5DSContact email, phone Published organisation website ↗

Dispute resolution & review bodies

  • Royal Courts of JusticeReview body London

Bidders & participating suppliers

2 commercial parties on the notice

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