Closed tender

University of Bristol Group Pension Plan Insurances (UBGPP)

Details

Value
£5,000,000
Topic
Insurance and pension services
Published
16 April 2024
Submission
16 May 2024

Tender 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 Lot 1: Life Assurance Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; 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. Lot 2: Income Protection Insurance To provide members income protection of 60 % of basic salary in the event of incapacity. 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. Lot 1: Life Assurance Lot 1: Life Assurance: to provide a payment of 6 x salary in the event of a member death; 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. Lot 2: Income Protection Insurance To provide members income protection of 60 % of basic salary in the event of incapacity. 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.

Timeline

  1. Completed: Tender published16 April 2024
    Current notice
  2. Completed: Submission date16 May 2024

About the buyer

University of Bristol is a higher education institution that buys through its own procurement team. Much of this procurement flows through frameworks from the Southern Universities Purchasing Consortium and the Crown Commercial Service. Category teams advise faculties and divisions on purchases before tenders are issued. Tenders are issued directly when no suitable framework applies. The procurement team is an active member of the Higher Education Procurement Association.

Over the past 5 years, most of University of Bristol's contract awards have been in laboratory and precision equipment, transport equipment and architectural and engineering services.

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