Award

Pension Administration Services: Teachers' Pension Scheme (TPS)

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

23 Jun 2023 at 12:42

Award Notice
Summary of the contracting process

The Department for Education has awarded a contract for Pension Administration Services for the Teachers' Pension Scheme to Tata Consultancy Services Limited. The contract value is £233,866,286.34 GBP. The procurement method used was selective, employing a Competitive dialogue (above threshold) approach. The tender period ended on 18th August 2023, and the contract will be effective from 1st October 2023 to 30th September 2035. The buying organisation is located in London, England, and falls under the services procurement category.

This contract provides growth opportunities for businesses with expertise in pension fund administration services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are particularly suited to compete for this contract. Businesses in the UK and overseas territories, including the Channel Islands and Europe, may find this opportunity beneficial. The contract aims to ensure the ongoing successful delivery of the Teachers' Pension Scheme, creating a stable and substantial market for service providers.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Pension Administration Services: Teachers' Pension Scheme (TPS)

Notice Description

The purpose of this Notice is to Notify of the outcome of the procurement for the provision of a new administration service to ensure the successful continuation of delivery of the Teachers' Pension Scheme. Additional information: The Value of the Contract Excluding the optional up to 5 years extension is: PS173,951,390.15.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/67661fae-dd35-456d-877f-839c637fc1b8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialogue (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£233,866,286 £100M-£1B
Lots Value
Not specified
Awards Value
£233,866,286 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jun 20232 years ago
Submission Deadline
18 Aug 2023Expired
Future Notice Date
Not specified
Award Date
27 May 20232 years ago
Contract Period
30 Sep 2023 - 30 Sep 2035 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
DEPARTMENT FOR EDUCATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

TATA CONSULTANCY SERVICES

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12-2023-06-23T13:42:25+01:00",
    "date": "2023-06-23T13:42:25+01:00",
    "ocid": "ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "tender_240658/1228230",
        "title": "Pension Administration Services: Teachers' Pension Scheme (TPS)",
        "description": "The purpose of this Notice is to Notify of the outcome of the procurement for the provision of a new administration service to ensure the successful continuation of delivery of the Teachers' Pension Scheme. Additional information: The Value of the Contract Excluding the optional up to 5 years extension is: PS173,951,390.15.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66523100",
            "description": "Pension fund administration services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 233866286.34,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive dialogue (above threshold)",
        "tenderPeriod": {
            "endDate": "2023-08-18T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-10-01T00:00:00+01:00",
            "endDate": "2035-09-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-126886",
            "name": "Department for Education",
            "identifier": {
                "legalName": "Department for Education"
            },
            "address": {
                "streetAddress": "Sanctuary Buildings, 20, Great Smith Street",
                "locality": "London",
                "postalCode": "SW1P 3BT",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "TPS.COMMERCIAL@education.gov.uk"
            },
            "details": {
                "url": "https://www.gov.uk/government/organisations/department-for-education"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-BR007627",
            "name": "Tata Consultancy Services Limited",
            "identifier": {
                "legalName": "Tata Consultancy Services Limited",
                "scheme": "GB-COH",
                "id": "BR007627"
            },
            "address": {
                "streetAddress": "18 Grosvenor Place, London, SW1X 7HS"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-126886",
        "name": "Department for Education"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12-1",
            "status": "active",
            "date": "2023-05-28T00:00:00+01:00",
            "datePublished": "2023-06-23T13:42:25+01:00",
            "value": {
                "amount": 233866286.34,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-BR007627",
                    "name": "Tata Consultancy Services Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-10-01T00:00:00+01:00",
                "endDate": "2035-09-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/67661fae-dd35-456d-877f-839c637fc1b8",
                    "datePublished": "2023-06-23T13:42:25+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "description": "n/a",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/ca8e40a7-9dd2-49f7-ad0a-0544983e4dc3",
                    "format": "application/pdf"
                },
                {
                    "id": "3",
                    "description": "Opportunity Notice",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158"
                }
            ]
        }
    ]
}