Group Income Protection Policy

A Contract Award Notice
by NATIONAL WEALTH FUND LIMITED

Source: Find a Tender
Type: Contract (Services)
Duration: not specified
Value: £521K

Sector: BUSINESS
Published: 19 Dec 2024
Delivery: not specified
Deadline: n/a

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 1 suppliers

1 buyer

National Wealth Fund Leeds

1 supplier

Canada Life Herfordshire

Description

Provision of Income Protection Policy

Total Quantity or Scope

Group Income Protection Policy for NWF staff.

Award Detail

1	Canada Life (Herfordshire) Reference: 041011-2024-1 Value: £520,931

Renewal Options

2 x 12 month extension options with a maximum end date of 31/08/2026

Award Criteria

price

CPV Codes

66510000 - Insurance services

Indicators

Options are available.

Legal Justification

NWF appointed an insurance broker who it was thought had brokered a one year contract for this insurance on behalf of the NWF. This contract was below threshold value and no prior publication was required ahead of contracting. It has recently been uncovered it was a one year contract with 2 optional 12 month extensions and that the first extension has been taken. We are therefore issuing a late award notice.