Expired contract

University of Bristol Group Pension Plan Insurances (UBGPP)

Details

Value
£2,168,032
Duration
2 years
Topic
Insurance and pension services
Published
23 July 2024

Tender description

The University of Bristol has 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 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. Price identified is the total cost of both Lots for the initial 2 year period.

Timeline

  1. Completed: Award date22 July 2024
  2. Completed: Award published23 July 2024
    Current notice
  3. Completed: Contract expiry date21 July 2026

About the buyer

University of Bristol is a higher education institution that buys through its own procurement team. Suppliers register on the university's e-tendering portal at tenders.bris.ac.uk to view and bid for opportunities. Contract notices appear on Contracts Finder to reach a wider pool of bidders. 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.

Education procurement reached £47.4bn in 2024/25, the fourth-largest public sector budget.

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.

Relevant CPV codes

  • 66500000 · Insurance and pension services

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Decision makers

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