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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | Foreign Commonwealth and Development Office |
| Main Category: | Services |
| Procurement Method: | Call-off from a framework agreement |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £1,125,000 |
| Release Date: | 1 May 2024 |
| Application Deadline: | 28 March 2024 |
| Contract Start Date: | 31 March 2024 |
| Contract End Date: | 31 March 2029 |
| Contract Duration: | 5.1 years |
| Procurement ID (OCID): | ocds-b5fd17-68ce24ab-6609-46ad-9f43-2c058a5ebcf5 |
| Notice Reference: | a73adc4c-e96a-4183-84cf-6adaf2f1328b-746638 |
View Original Notice
Access the full notice on the official portal
Awarded to
| Award value: | £1,125,000 |
| Award decision date: | 28 March 2024 |
| Award status: | Active |
The FCDO intends to fund insurance cover through a bespoke self-fund hybrid model that reflects the FCDO's unique requirements and global reach. Staff are encouraged to opt in and pay one-third of the premium cover, with the FCDO covering the remaining two-thirds. The supplier will be responsible for arranging the policy provisions and administering insurance cover. All UKB premium contributions will go into a FCDO claims pot (see below) with a set lower limit and if this lower amount is breached, the FCDO then returns to a self-funded approach model. The funding is structured such that the FCDO reduces the total premium price for the UKB Staff by two-thirds. The FCDO's two-thirds contribution will be used to top up the claims pot as needed to honour claims. All UKB staff contributions will be collected and directly administered by the supplier. The remaining funds in the existing claims pot will be transferred to the successful bidder during the transition period. REQUIREMENT Detail of the Worldwide All Risks (WWAR) Insurance Scheme: The following elements will be included in the WWAR Insurance Scheme Contract: 1. WWAR Personal Effects and Personal Liability Insurance Scheme; 2. Personal Accident Insurance Cover for Spouses/Registered Unmarried Partners 3. Marine Transit Insurance cover for UKB personal vehicles (to/from selected Posts)
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Pipeline status
Not addedImports the contract into your BidWriter pipeline · Qualify before you commit to bid
Application Deadline
28 March 2024
Closed
Estimated Value
£1,125,000
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