Closed

Private Medical Benefits Administrator

Transport for London · Public undertaking

In brief

Transport for London was looking for suppliers for financial services work. Bidding has closed and no award has been published yet.

The estimated value is £14,480,000 excluding VAT.

The contract runs for 3 years, up to 5 years with extensions, starting 1 April 2027.

The buyer says it is suitable for small and medium-sized businesses.

Built from the notice's own fields. Always check the official notice before you bid.

What the notice says

Transport for London (TfL) is seeking to procure an Administrator for its Private Medical Benefit under new contract commencing on the 1 April 2027. The contract will run for an initial three-year period with an option to extend for a further two years (1+1), at TfL's sole discretion. The Administrator will be expected to manage the Private Medical Benefit on behalf of TfL, including assessing claims and paying treatment costs. The scheme is currently financed via a trust with c. 7,100 employees and their eligible dependants. TfL does not guarantee any minimum number of Scheme Members or volume of activity under the contract. The administration service is of critical importance to TfL. The…Read the full description
Transport for London (TfL) is seeking to procure an Administrator for its Private Medical Benefit under new contract commencing on the 1 April 2027. The contract will run for an initial three-year period with an option to extend for a further two years (1+1), at TfL's sole discretion. The Administrator will be expected to manage the Private Medical Benefit on behalf of TfL, including assessing claims and paying treatment costs. The scheme is currently financed via a trust with c. 7,100 employees and their eligible dependants. TfL does not guarantee any minimum number of Scheme Members or volume of activity under the contract. The administration service is of critical importance to TfL. The successful Administrator will be expected to deliver high quality service to both TfL and the Scheme Members, including an efficient claims process, responsive member helpline and proactive account management support. TfL is seeking an Administrator that can effectivley procure and manage medical treatment spend while supporting positive member outcomes. The selected provider should be able to demonstrate robust cost control capabilities and experience of managing claims spend through appropriate treatment pathways. This includes the use of mechanisms such as direct access to musculoskeletal services and open referral networks, which form part of the benefit design and help deliver an effective claims journey whilst controlling costs. Bidders must also demonstrate their ability to manage the implementation and transition of the scheme effectively, ensuring continuity of service and minimal disruption to TfL and Scheme Members. The estimated contract value stated within this notice is based on the anticipated administration fees and stop-loss insurance premiums over the maximum potential contract term of five years. The estimated value stated in this notice reflects projected administration fees and stop loss insurance premiums across the maximum potential five year contract term. The stated value is indicative only and should not be interpreted as a guarantee of contract spend, supplier revenue or membership levels during the term of the contract.

Timeline

  1. Preliminary market engagement notice · UK2, notice 035029-2026
  2. Preliminary market engagement notice · UK2, notice 035201-2026
  3. Tender notice · UK4, notice 068249-2026

About the buyer

Transport for LondonLast 12 months

Procurements

377

Awards

150

Suppliers it has used most for financial services

  1. Motor Fleet Insurance Renewal

    James Paget University Hospitals NHS Foundation TrustNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open9 days left

    £21kestimated
  2. ESNEFT 3197 Charitable Funds Investment

    East Suffolk and North Essex NHS Foundation TrustNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open10 days leftExpress interestSuitable for SMEs

    £278kestimated
  3. CS-People: Group Medical Insurance & Accidental Insurance for Country Based Staff (and their dependents) of British High Commission in India

    Foreign, Commonwealth and Development OfficeLondonFinancial services and insurance

    Open31 days leftExpress interestSuitable for SMEs

    £2.2mestimated
  4. The Provision of Firefighter Pension and Administration and Pensioner Payroll Services

    Cleveland Fire AuthorityNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South WestFinancial services and insurance

    Open33 days leftSuitable for SMEs

    £500kestimated

From notice 035029-2026 on Find a Tender, first published 17 April 2026, last updated 20 July 2026. We last checked for changes on 28 September 2026.