Award

Global Investor Class Action Claims

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

07 Jul 2020 at 08:57

Award Notice
Summary of the contracting process

The Pension Protection Fund is conducting a procurement process titled "Global Investor Class Action Claims," which falls under the financial and insurance services category. This selective tender process, initiated to monitor and manage class actions, has a contract period spanning from 16 June 2020 to 15 June 2021. The deadline for submitting bids was 7 May 2020. The total estimated contract value is £800,000, depending on the outcomes of class actions that the Fund may pursue, with the primary location for delivery being Croydon, England.

This tender offers a significant opportunity for businesses in the financial services sector, particularly those specialising in legal and class action management services. Companies with expertise in managing investments and navigating complex claims processes would be well positioned to compete. Given the potential variability in contract value, agile service providers that can adapt to diverse and unpredictable class action scenarios will likely find themselves more competitive in this procurement opportunity.

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Notice Information

Notice Title

Global Investor Class Action Claims

Notice Description

The Board is seeking to appoint a service provider who can monitor and manage Class Actions on behalf of the PPF to deliver maximum return from each class action followed Additional information: The contract value over the maximum possible contract term (4 years) is hard to predict; we do not know how many class actions the PPF will be able to take part in and the extent to which we will be successful and make recoveries. The contract has therefore been calculated as a range on the basis of worst case scenario - the PPF makes no recoveries best case scenario - we receive an income that the service provider makes a contingent fee from which we estimate to be a maximum of PS800,000.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0faaf86c-934d-413d-aaad-ec22016fe7b4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/29e02c5f-d4f4-4e48-ab27-3f9d2e3988bc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£800,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jul 20205 years ago
Submission Deadline
7 May 2020Expired
Future Notice Date
Not specified
Award Date
15 Jun 20205 years ago
Contract Period
15 Jun 2020 - 15 Jun 2021 6-12 months
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
PENSION PROTECTION FUND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
EC2V 7AN
Post Town
Central 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
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

INSTITUTIONAL PROTECTION SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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