Private Medical Insurance

Location

Description

Provision of Private Medical Insurance (PMI) for staff which forms part of our employee benefits obligations to Orbit colleagues who opt in for the benefit.

Award Detail

CPV Codes

• None found

Legal Justification

This contract is to be awarded on the grounds of urgency due to the need to maintain continuity of Private Medical Insurance (PMI) for Orbit colleagues enrolled for PMI as part of their employee benefits. This forms a commitment of Orbit's to its enrolled colleagues. The existing PMI policy is due to expire imminently, and any lapse in cover could result in a risk to our colleagues welfare. Orbit engaged the Employee Benefits Collective (EBC) LLP to complete a market exercise specifically for Orbit's Private Medical Cover. EBC engaged a number of insurance providers to invite pricing to provide cover. The responses from those who responded was benchmarked to provide Orbit with a understanding of whether its renewal terms for its existing cover represented value for money. A direct award is necessary to ensure uninterrupted provision of the expiring insurance cover. Orbit will re-procure a new contract for the future provision of this insurance cover in 2026, with the new contract to commence when this 1 year contract expires.

Other Information

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