Section one: Contracting authority
one.1) Name and addresses
Bank of England
Threadneedle Street
London
EC2R 8AH
Contact
Chloe Ludlow-Gomm
chloe.ludlow-gomm@bankofengland.co.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://www.bankofengland.co.uk/
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://supplierlive.proactisp2p.com/Account/Login
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://supplierlive.proactisp2p.com/Account/Login
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
BOE Corp - Employee Benefits 2022
Reference number
REQ/1000072
two.1.2) Main CPV code
- 75310000 - Benefit services
two.1.3) Type of contract
Services
two.1.4) Short description
This tender opportunity is for the brokerage and management of the Bank's employee benefits package.
This opportunity is a re-tender of the Bank's benefits service, which has been offered to its employees for over 20 years.
The management element includes the provision of an online portal in order for employees to be able to easily access their benefits offering.
Full detail of the scope of requirements can be found in Volume 2 (scope of requirements) of the tendering materials, accessible via the Bank's eTendering portal (Proactis).
two.1.5) Estimated total value
Value excluding VAT: £1,200,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 75310000 - Benefit services
- 66518000 - Insurance brokerage and agency services
- 66518100 - Insurance brokerage services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
This procurement is being conducted following the restricted 2-stage procedure.
Suppliers are asked to register for the Bank's eTendering portal to be able to access all of the relevant tender materials and participate in this opportunity.
The brokerage and management services are being awarded to a single supplier.
Full detail of the tendering process and scope of requirements can be found in the tender materials, accessible via the Bank's eTendering portal (Proactis).
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 80
Price - Weighting: 20
two.2.6) Estimated value
Value excluding VAT: £1,200,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
96
This contract is subject to renewal
Yes
Description of renewals
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.
two.2.9) Information about the limits on the number of candidates to be invited
Maximum number: 5
Objective criteria for choosing the limited number of candidates:
Suppliers are initially invited to submit a response to the Supplier Questionnaire (SQ) by the stated deadline. Following completion of the SQ phase, the top 5 ranked (highest scoring) bidders will be short-listed and invited to submit a full tender response.
two.2.10) Information about variants
Variants will be accepted: No
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
The estimated contract value of this service is £1.2m over the full 8 contract term.
This value excludes the cost of benefits as these are paid by employees, as part of their benefits package, direct to benefits providers.
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Restricted procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
4 October 2022
Local time
12:00pm
four.2.3) Estimated date of dispatch of invitations to tender or to participate to selected candidates
7 November 2022
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: Yes
Estimated timing for further notices to be published: This procurement is a re-tender of an existing Bank of England contract.
six.4) Procedures for review
six.4.1) Review body
Bank of England
Threadneedle Street
London
EC2R 8AH
Country
United Kingdom