Contract

University of Bristol Group Pension Plan Insurances (UBGPP)

  • University of Bristol

F03: Contract award notice

Notice identifier: 2024/S 000-022877

Procurement identifier (OCID): ocds-h6vhtk-045281

Published 23 July 2024, 3:15pm



Section one: Contracting authority

one.1) Name and addresses

University of Bristol

4th Floor, Augustine's Courtyard, Orchard Lane

Bristol

BS1 5DS

Email

QQ23366@bristol.ac.uk

Telephone

+44 01179289000

Country

United Kingdom

Region code

UK - United Kingdom

Internet address(es)

Main address

www.bristol.ac.uk

one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

Education


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

University of Bristol Group Pension Plan Insurances (UBGPP)

two.1.2) Main CPV code

  • 66500000 - Insurance and pension services

two.1.3) Type of contract

Services

two.1.4) Short 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

two.1.6) Information about lots

This contract is divided into lots: Yes

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £5,000,000

two.2) Description

two.2.1) Title

Life Assurance

Lot No

1

two.2.2) Additional CPV code(s)

  • 66500000 - Insurance and pension services

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement

Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death;

two.2.5) Award criteria

Price

two.2.11) Information about options

Options: No

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No

two.2.14) 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.

two.2) Description

two.2.1) Title

Income Protection Insurance

Lot No

2

two.2.2) Additional CPV code(s)

  • 66500000 - Insurance and pension services

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement

To provide members income protection of 60 % of basic salary in the event of incapacity.

two.2.5) Award criteria

Price

two.2.11) Information about options

Options: No

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No

two.2.14) 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.


Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Open procedure

four.1.8) Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2024/S 000-012286


Section five. Award of contract

Lot No

1

Title

Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

16 May 2024

five.2.2) Information about tenders

Number of tenders received: 4

Number of tenders received by electronic means: 4

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

Unum UK

Milton Court Dorking Surrey RH4 3LZ

Milton

Country

United Kingdom

NUTS code
  • UK - United Kingdom
The contractor is an SME

No

five.2.4) Information on value of contract/lot (excluding VAT)

Total value of the contract/lot: £2,500,000


Section five. Award of contract

Lot No

2

Title

Lot 2: Income Protection: to provide member income protection of 60 % of basic salary in the event of incapacity

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

17 May 2024

five.2.2) Information about tenders

Number of tenders received: 2

Number of tenders received by electronic means: 2

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

Aviva Life & Pensions Ltd

Wellington Row York YO1 6FZ

York

Country

United Kingdom

NUTS code
  • UK - United Kingdom
The contractor is an SME

No

five.2.4) Information on value of contract/lot (excluding VAT)

Total value of the contract/lot: £2,500,000


Section six. Complementary information

six.3) 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.

£5M Contract Notice figure is based on the estimated cost of both Lots going to full 4 years (2+2).

six.4) Procedures for review

six.4.1) Review body

Royal Courts of Justice

London

Country

United Kingdom