Award

Actuarial and Benefit Consultancy Services - AWARD

BEDFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

06 Sep 2018 at 08:19

Award Notice
Summary of the contracting process

The procurement process involves Bedford Borough Council, which is seeking to procure actuarial and benefit consultancy services for the Bedfordshire Pension Fund. This contract falls under the category of pension fund management services, with a total contract value of £3,480,000. The contract period commenced on 3rd September 2018 and will run until 2nd September 2026. The procurement was initiated through a tender process, and the award decision was made on 14th August 2018, with key contact James Gatawa available via email or telephone for further enquiries.

This contract presents significant business growth opportunities for firms specialising in actuarial and pension consultancy services. Larger firms with expertise in managing pension funds and providing governance advice would be particularly well-suited to compete. As the contract is extensive and long-term, responsive and innovative service providers can leverage this opportunity to demonstrate their capabilities and secure a prominent position in the public sector market.

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Notice Information

Notice Title

Actuarial and Benefit Consultancy Services - AWARD

Notice Description

Bedford Borough Council wishes to appoint a provider to actuarial services to the Bedfordshire Pension Fund ("the Fund") under Lot 1 - Actuarial Services of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-064af7c9-04a5-45ba-ba1f-6bae74af8067
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/288fc274-da15-4c2f-9630-779b93e37dfb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£3,480,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Sep 20187 years ago
Submission Deadline
29 Jun 2018Expired
Future Notice Date
Not specified
Award Date
13 Aug 20187 years ago
Contract Period
2 Sep 2018 - 2 Sep 2026 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
BEDFORD BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ENGLAND
Postcode
MK42 9AP
Post Town
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
Not specified
Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

BARNETT WADDINGHAM

Further Information

Notice Documents

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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