Section one: Contracting authority
one.1) Name and addresses
Foreign Commonwealth and Development Office
King Charles Street
London
SW1A 2AH
Telephone
+44 02070080932
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
https://www.gov.uk/government/organisations/foreign-commonwealth-office
one.3) Communication
Additional information can be obtained from the above-mentioned address
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
US Benefits - Medical, Dental, Vision & Life (4 separate opportunities)
two.1.2) Main CPV code
- 66512220 - Medical insurance services
two.1.3) Type of contract
Services
two.1.4) Short description
Four separate insurance requirements for Country Based Staff across the United States Network.
We will be looking to contract services for three (3) years plus an optional two, 12 months (1+1).
i) Medical Insurance - Stop Loss, Pharmacy and Admin (Circa $956K USD per year)
ii) Dental Insurance (Circa $386K USD per year)
iii) Life & Disability Insurance (Circa $320K per year)
iv) Vision ($26K per year)
two.1.5) Estimated total value
Value excluding VAT: 8,440,000 USN
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66510000 - Insurance services
- 66511000 - Life insurance services
two.2.3) Place of performance
NUTS codes
- US - United States
Main site or place of performance
The contract and services required will be in the United States of America
two.2.4) Description of the procurement
i) Stop Loss Insurance for Foreign, Commonwealth & Development Office Country Based Staff and their dependents, based across the United States of America.
ii) Dental insurance for Foreign, Commonwealth & Development Office Country Based Staff and their dependents, based across the United States of America.
iii) Vision for Foreign, Commonwealth & Development Office Country Based Staff, based across the United States of America
iv) Life & Disability for Foreign, Commonwealth & Development Office Country Based Staff, based across the United States of America
A full set of requirements will follow at the tender stage. However, headline requirements for any companies thinking of competing are as follows.
All bidders must:
* Be licensed to do business in the United States (U.S.). For Medical, bidders must have a health insurance license in the United States.
* Follow U.S. regulations.
* Have a U.S. presence.
* Own their own U.S. networks (Only major carriers only will be considered; Third Party Administrators (TPA’s) will not be considered).
* Companies will be asked to provide:
• Copy of the certificate of incorporation
• Audited opening balance sheet i.e. at the time of incorporation / commencement of operations, or
• evidence of current shareholders’ funds / equity
• Business plans and projection for the next 2 – 3 years
• Details of ownership (including percentage interest)
• Details of reinsurance arrangements
• Any plans for ratings by any of the rating agencies, if not already published
• Types of business authorised and types written
• Details of the board of directors, including a brief resume of the key directors
• Brief resume of the key underwriters
• Any other relevant material developments not covered above (e.g. additional capital injections, explicit parental support / guarantees etc)
two.2.14) Additional information
The contract Authority intends to advertise the go live date of the 4 procurements from around 7 June 2021.
The Procurement process will be managed by Willis Towers Watson our US Benefits broker with supervision of the process by FCDO Procurement, following all UK procurement regulations and standards.
two.3) Estimated date of publication of contract notice
7 June 2021
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes