RFP QuestBeta
Awarded · ResultStage · contract

General Medical Council (GMC)

Group Life Assurance brokerage services

Financial ServicesCPV 66518100
Value£800k
Awarded26 Apr 2020
Published29 Jul 2020
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£800ktotal contract value
median £150k
this tender£0£4.7m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits.

The benefits will provide cover for the majority of staff who are currently members of the GMC Group Personal Pension plan, estimated at 1,400 individuals.

This is an existing employee benefit and our current contract ends on 1 July 2020.We are looking for a broker to support us in securing a group life assurance provider who will deliver a high-quality service whilst ensuring that we get best value for money.The GMC has five office locations in the UK: London, Manchester, Cardiff, Belfast and Edinburgh so any group life assurance insurer recommended must be able to deliver services throughout the UK.The broker must be able to deliver the work to tight timescales in order to meet our 1 July 2020 renewal date.The broker should have expertise in assessing the group life assurance market, the ability to provide an assessment of the market based on our claims history and offer recommendations on options that we should consider so that we can make informed decisions whilst ensuring value for money.

Requirements

What the notice asks for

01

The GMC wishes to provide group life

The GMC wishes to provide group life assurance benefits to its staff as one of its employee benefits.

02

The benefits will provide cover for

The benefits will provide cover for the majority of staff who are currently members of the GMC Group Personal Pension plan, estimated at 1,400 individuals.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

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Source & provenance
OCID
554309c4-aa8e-410f-8d99-ed2bdeefb58f
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
MT220237
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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