Section one: Contracting authority
one.1) Name and addresses
General Medical Council (GMC)
3 Hardman Street
Manchester
M3 3AW
Telephone
+44 1619236340
Country
United Kingdom
NUTS code
UK - United Kingdom
Internet address(es)
Main address
Buyer's address
https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA19541
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Other activity
Medical regulation
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Group Income Protection Brokerage
Reference number
GMC1561
two.1.2) Main CPV code
- 66518100 - Insurance brokerage services
two.1.3) Type of contract
Services
two.1.4) Short description
We are looking for a broker to support us in securing a group income protection provider who will deliver a high-quality service whilst ensuring that we get best value for money.
two.1.5) Estimated total value
Value excluding VAT: £600,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66518100 - Insurance brokerage services
- 75311000 - Sickness benefits
- 66510000 - Insurance services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The General Medical Council (GMC) is a public body that maintains the official register of medical practitioners within the United Kingdom. Its main responsibilities are to protect the public, provide educational publications on medical issues, set standards for medical schools in the UK and maintain the medical register. The GMC is a registered charity and is supported by fees paid by its members. The GMC is a medium sized employer and currently has a headcount of 1,500.
The GMC provides group income protection cover to its staff as one of its employee benefits. The benefit will provide cover for the majority of staff who are currently members of the GMC Pension plan and we have approximately two thirds of (1000 members of staff) who will be offered this benefit. This is a relatively new employee benefit that we wish to continue to make available to our staff on the basis outlined below:
- Income protection benefits payable monthly to an employee covered under the policy upon the employee not being able to carry out their own occupation or depending on the definition of incapacity.
- Income protection benefit payable after a period of absence, due to illness or injury, after a deferred period of 26 weeks.
- Benefit payable is 50% of gross salary.
- Benefit payable to scheme retirement default age of 65.
- Benefit to escalate in payment by Consumer Price Index to a maximum of 5%.
- Support for colleagues on their return to work
We are looking for a broker to support us in securing a group income protection 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 income protection insurer recommended must be able to deliver services throughout the UK.
The broker should have expertise in assessing the group income protection 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.
Key activities for the broker would be:
- Obtain quotes from leading group income protection insurers who are be able to fulfil our requirements.
- Provide a report on benefits comparison and analysis.
- Negotiate costs with insurers with a view to getting competitive rates.
- Provide pricing analysis and fund projection information.
- Provide an overview of the private group income protection insurance market to give us context for making decisions.
- Quarterly review meetings
- Meetings/telephone support to provide information and advice as necessary.
- Support to ensure the insurer provides a high-quality service
- Support in moving to a preferred provider, as necessary.
We will also consider options for the broker to manage the provider on our behalf, although this is not essential.
Data around our existing terms and claims history will be provided once a broker has been appointed.
The broker will be appointed for a three year term with the option to extend by one year, although there is no guarantee that we will continue with group income protection insurance as a benefit for the whole period of the contract, as all our benefits are under continual review.
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 70
Cost criterion - Name: Commercial / Weighting: 30
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
48
This contract is subject to renewal
No
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
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.2.2) Time limit for receipt of tenders or requests to participate
Date
12 October 2022
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.7) Conditions for opening of tenders
Date
12 October 2022
Local time
12:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.3) Additional information
NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at https://www.mytenders.co.uk/Search/Search_Switch.aspx?ID=227305.
The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.mytenders.co.uk/sitehelp/help_guides.aspx.
Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems.
(MT Ref:227305)
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Service
Cabinet Office
London
publicprocurementreview@cabinetoffice.gov.uk
Telephone
+44 3450103503
Country
United Kingdom
Internet address
https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit