Award

Provision of Administration of the Equitable Life Payment Scheme

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Award

21 Mar 2024 at 08:19

Award Notice
Summary of the contracting process

The Crown Commercial Service has awarded a contract for the provision of administration of the Equitable Life Payment Scheme to CAPITA BUSINESS SERVICES LTD. The procurement process, led by HM Treasury, involved a selective procurement method with a call-off from a framework agreement. The contract, valued at 1,579,688 GBP, has a contract period spanning from April 1, 2024, to March 31, 2029, and the tender period ended on February 8, 2024. The services fall under the industry category of corporate finance and venture capital services, with delivery addresses across various regions in the United Kingdom.

This tender for the administration of the Equitable Life Payment Scheme presents an opportunity for businesses to participate in providing financial services to eligible With-Profits Annuitants. Companies with expertise in corporate finance and venture capital services would be well-suited to compete for this contract. The procurement stage has now progressed to the award phase, offering a clear timeline and budget for interested parties to consider in their business planning and growth strategy.

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Notice Information

Notice Title

Provision of Administration of the Equitable Life Payment Scheme

Notice Description

"HM Treasury is seeking to appoint an external provider to administer payments to eligible With-Profits Annuitants from the Equitable Life Payment Scheme. 5 years plus 2 "

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-00f05f42-18ee-486e-902e-2bea0a76a863
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f807f988-f905-4fd8-a151-dbcd72907620
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£1,579,688 £1M-£10M
Lots Value
Not specified
Awards Value
£1,579,688 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Mar 20241 years ago
Submission Deadline
8 Feb 2024Expired
Future Notice Date
Not specified
Award Date
11 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales, TLM Scotland, TLN Northern Ireland
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITA BUSINESS SERVICES

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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