Opportunity overview
Modification Notice The contract is modified as follows: 1) Term extension from 31 March 2026 to 31 March 2027 (cost up to £15, 000,000) 2) Contractual amendment to change the fully insured funding model from 'Cap and Collar' to a 'General Stop Loss' (GSL), to limit any retained underspend based on claims performance (costing up to £380,000 for 2 periods 25/26 and 26/27) . The changes are made in line with Regulation 72(1)(b) PCR 2015. Costs £100,000,000 + £380,000 + £15,000,000 = £115,380,000 New total contract value = £115,380,000
Awarded to
Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.
AXA PPP Healthcare Group Ltd
Matched by number
- Contract value
- £115.4m
- Awarded
- Not supplied
- Contract signed
- 31 Mar 2017
- Award ID
- 007290-2026-DN179925 324884-2016 - Competition CON-1000439-1
- Status
- active
- Identifier
- GB-COH 03148119
- Location
- London, UK, United Kingdom
Classification
- CPV66000000 — Financial and insurance services
Lots
- The Bank of England has previously appointed a supplier to provide private medical Insurance schemes. This notice relates to an amendment to that contract.Value not stated