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PROCUREMENT OPPORTUNITY

Private Medical Scheme

BANK OF ENGLAND · Tender notice on Find a Tender

Tender information last checkedLast checked 26 Sept 2026, 12:56.

Opportunity overview

As part of its overall reward package for Bank employees, the Bank offers private medical cover as a core benefit. The Bank is looking to appoint a supplier who has the capability and capacity to provide a private medical scheme under a Trust model. The exact supply detail is set out in the Statement of Requirements. The Term is 3 +1 +1 years. The value is estimated at £103M.

Classification

  • CPV66161000 — Trust services
  • CPV66510000 — Insurance services

Lots

  • Lot 1£103m

Documents and notices

  • Tender notice on Find a TenderOpen source ↗
  • Documents are provided on the Bank of England's Procurement portal  https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email Corporate.contracts@bankofengland.co.uk with the reference " Private Medical Scheme NDA Request" within the subject, and confirm Proactis Organisation ID, Company Number, VAT registration Number, signatory name and e-mail address for the non-disclosure agreement, this will then be issued via DocusignOpen source ↗

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
ocds-h6vhtk-066d94
Status
active
Procurement Method
selective
Procurement Method Details
Competitive flexible procedure
Main Procurement Category
services
Above Threshold
Yes
Expression Of Interest Deadline
13 Aug 2026, 12:00

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure

Features
Steps to be followed; 1) Publish Tender Notice and provide non-disclosure agreement. 2) Release PSQ and ITT documents following receipt of non-disclosure agreements. PSQ and ITT responses to be returned together by 17th September 2026. 3) PSQ evaluation with unsuccessful bidders notified (first phase evaluation / moderation). Only those bidders passing PSQ have their full ITT submissions evaluated. 4) ITT evaluation. Then supplier presentation / clarification, contract dialogue (ITT scores can increase based on supplier presentation / clarification). 5) Release of latest claims history data. Financial model refresh and updated contract terms as part of Best & Final Offer from bidders progressing to the ITT evaluation phase only. Final Moderation. Contract Award expected December 2026. Reduced tendering period is not being used. Whilst every effort will be taken to meet published dates, they are indicative and may be subject to change.

Submission terms

Electronic Submission Policy
allowed

Languages

en

Enquiry period

Ends
13 Aug 2026, 12:00

Expected award period

Ends
21 Dec 2026, 23:59

Lots and requirements

Entry 1
Id
1
Status
active
Has Renewal
Yes

Value

Including VAT
103,000,000
Amount
103,000,000
Currency
GBP

Award criteria

Criteria

Criterion 1
Type
quality
Name
Quality

Numbers

Entry 1
Number
80
Weight
percentageExact
Criterion 2
Type
price
Name
Price

Numbers

Entry 1
Number
20
Weight
percentageExact

Selection criteria

Criteria

Criterion 1
Type
economic
Description
Financial Capacity: Suppliers would be asked to demonstrate financial stability and capacity to fulfil the contract. 
Criterion 2
Type
technical
Description
Conforming Master Trust Arrangement, Data Protection, Technical Capability & experience, Conformity of master trust arrangement, Sub-contractor management, Payment standards, Carbon Reduction, Modern Slavery, Quality Assurance, Equality and Diversity, Business Continuity, Bribery Act, Cyber Assurance & Privacy, Claims Fund Management, Medical History Disregard, Dependents, Hospital Network, Excess, Inpatient Treatment, Outpatient Annual Limits, Outpatient Annual Limit, Outpatient Surgery, CT/MRI/PET Scans, Cancer Treatment Annual Maximum, Inpatient Mental Health, Outpatient Mental Health, NHS Cash Benefit, Menopause Support, Self-referral Services.
Criterion 3
Description
Highest scoring at ITT evaluation.
For Reduction
Yes

Contract period

Starts
1 Apr 2027, 00:00
Ends
31 Mar 2030, 23:59
Max Extent Date
31 Mar 2032, 23:59

Renewal

Description
2 x 12 month extension available at the discretion of the Bank.

Items and delivery

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66161000
Description
Trust services
Entry 2
Scheme
CPV
Id
66510000
Description
Insurance services

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published
Entry 2
Id
L-1
Document Type
biddingDocuments
Description
Documents are provided on the Bank of England's Procurement portal  https://supplierlive.proactisp2p.com/ Due to the sensitive nature of the documentation, interested suppliers are required to complete a non-disclosure agreement in order to access the associated tender documents. Interested suppliers should email Corporate.contracts@bankofengland.co.uk with the reference " Private Medical Scheme NDA Request" within the subject, and confirm Proactis Organisation ID, Company Number, VAT registration Number, signatory name and e-mail address for the non-disclosure agreement, this will then be issued via Docusign
Entry 3
Id
future
Document Type
biddingDocuments
Access Details
Documents to be provided after the tender notice A - Instructions to Suppliers B - Procurement Specific Questionnaire C - Invitation to Tender (including Tender Questions) D - Statement of Requirements E - Pricing Schedule F - Contractual Terms and Conditions, and Contractual Requirements G - Supplier Code of Practice H - Freedom of Information Form I - Form of Tender Other Documents - Bank of England Security Schedule Documents are provided on the Bank of England's Procurement portal
Entry 4
Id
072042-2026
Document Type
tenderNotice
Notice Type
UK4
Description
Tender notice on Find a Tender
Published
30 Jul 2026, 10:30
Format
text/html

Buyer, suppliers and contacts

Organisation 1
Name
BANK OF ENGLAND
Id
GB-COH-RC000042

Identifier

Scheme
GB-COH
Id
RC000042

Additional Identifiers

Entry 1
Scheme
GB-PPON
Id
PRDB-1113-HPPT

Address

Street Address
Threadneedle Street
Locality
London
Postal Code
EC2R 8AH
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthorityCentralGovernment
Description
Public authority - central government

Recorded locations

  • Buyer location · London · UKI31 · EC2R 8AH · United Kingdom
  • Delivery location · UK · United Kingdom

Notice and amendment history

2 published notice versions reviewed by ProcuraAxis.

2 VERSIONS
  1. 024604-2026Preliminary market engagement notice on Find a Tender ·
  2. 072042-2026Tender notice on Find a Tender ·