Tender

Great British Nuclear (GBN) Workplace Pension Scheme

BEIS

This public procurement record has 1 release in its history.

Tender

22 Sep 2023 at 15:34

Tender Notice
Summary of the contracting process

The Great British Nuclear (GBN) Workplace Pension Scheme procurement process is currently active and being conducted by the Department for Energy Security and Net Zero. The tender involves the establishment of a Defined Contribution (DC) pension plan for GBN employees, with a total estimated value based on market understanding. The procurement method is an Open procedure and the deadline for tender submissions is set for October 23, 2023. The contract period is scheduled to start on December 4, 2023, and run until December 4, 2033. The industry category for this procurement is Pension services.

This opportunity to provide pension services for GBN offers a chance for businesses in the financial services sector to engage with a high-profile organisation and potentially secure a long-term contract. Companies specialising in pension fund management and financial planning are well-suited to compete for this tender. Small and medium-sized enterprises (SMEs) have been identified as suitable bidders, indicating a desire for diverse participation in the procurement process. Interested parties can participate by accessing and submitting tender documents via the Jaggaer eSourcing Portal.

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Notice Information

Notice Title

Great British Nuclear (GBN) Workplace Pension Scheme

Notice Description

The Government is committed to a programme of new nuclear projects beyond Sizewell C, giving industry and investors the confidence, they need to deliver projects at speed. Great British Nuclear (GBN) was launched to lead delivery of a programme of new nuclear projects. GBN is an executive non-departmental public body, sponsored by the Department for Energy Security and Net Zero. GBN will implement UK policy on new nuclear generation, ensuring energy security and implement a programme that will deliver faster, better value projects with private sector investment. GBN intends to establish a Defined Contribution (DC) pension plan for its employees which will also act as the auto-enrolment scheme. GBN is seeking a provider to establish a Defined Contribution workplace pension for its employees. All employees will be new staff as such there are no existing DC assets to transfer into the new pension plan. GBN reserves the right to extend the pension provision to any subsidiary which may be set up. GBN reserves the right not to make any award at all, or where an award is made not to extend provision to any subsidiary which may be set up. The estimated total value is indicative only and is based upon GBN's current understanding of the market, the potential costs of the Total Expense Ratio charge and prior to the conduct of the competitive procurement process. Additional information: If you wish to participate and view the procurement documentation, please register on the Jaggaer eSourcing Portal. Following registration, potential bidders will be granted access to redacted procurement documentation. Full procurement documentation will be made available to potential bidders on completion and return of a signed Non-Disclosure Agreement (NDA). The NDA document will be made available via the Jaggaer eSourcing Portal. Potential bidders are requested to read the procurement documentation in full. All queries should be submitted via the Jaggaer eSourcing Portal. GBN will not contact bidders through any other route. Tenders or requests to participate must be submitted electronically via: https://beisgroup.ukp.app.jaggaer.com/ GBN is not committed to any course of action because of this notice. It is not liable for any costs incurred including in respect of expressing an interest or in tendering for this opportunity. GBN reserves the right to abandon or terminate the procurement (or any part of it) at its own discretion. Important note: This Contract Notice must be read in full. Suppliers are reminded that participation in this procurement will be subject to the terms and conditions set out in the procurement documents and the Jaggaer eSourcing Portal. Great British Nuclear is a trading name of British Nuclear Fuels Limited, a company registered in England and Wales with registered number: 05027024. Registered office address: 1 Victoria Street, London, England, SW1H 0ET.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-191d21be-1131-4732-999a-fa60185d6b99
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c1c359e1-d15e-4d42-9d2e-5f1c76f2337d
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Sep 20232 years ago
Submission Deadline
23 Oct 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Dec 2023 - 4 Dec 2033 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BEIS
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
SW1H 0ET
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

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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