Award

Member Data Validation Services

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

12 Sep 2024 at 11:06

Summary of the contracting process

The Pension Protection Fund, based in Croydon, England, has awarded a contract titled "Member Data Validation Services" in the Pension Fund Management Services industry category. This contract encompasses Data Validation Services that include Address Tracing, Correction, Mortality Screening both domestically and overseas, and Bank Account Verification. It covers regions such as the United Kingdom, Europe, the Channel Islands, the Isle of Man, British Overseas Territories, and the Rest of the World. The procurement stage for this contract is complete, and it will commence on 1st October 2024, running through to 30th September 2027, with an option to extend up to an additional three years. The contract value is £5,076,000 GBP, with a potential maximum value based on increased member volumes.

This tender offers significant opportunities for businesses specialising in data management, particularly in services such as data validation, tracing, and verification. Companies capable of handling high volumes of member data and providing reliable tracing and screening services will find this contract particularly suited to their expertise. The procurement method was selective, executed through a call-off from a framework agreement, making it an excellent opportunity for SMEs looking to expand in the data validation and pension services markets. Target Professional Services (UK) Limited, an SME based in Chichester, has been awarded this contract, highlighting the suitability for small and medium enterprises.

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Notice Title

Member Data Validation Services

Notice Description

Data Validation Services relating to the accuracy of member data. Address Tracing and Correction Services, Mortality Screening Services, Overseas Address Tracing and Address Correction Services, Overseas Proof of Life and Mortality Screening Services, Bank Account Verification Services. Additional information: The initial term is 3 years. There is an option to extend to maximum term of up to a further 3 years. Potential maximum value stated is based on current predicted volumes for a full potential 6 year term. The scope for this contract includes provisions to support a significant rise in member volumes to the current estimates, including increases that might result from changes to our future remit. Increased volumes may significantly increase the current estimated value that we have stated.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-19746c01-e961-4b25-bcd4-8a608610f938
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fac3476c-5405-46c9-8f6e-d0dd6d1bcdc7
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£5,076,000 £1M-£10M
Lots Value
Not specified
Awards Value
£5,076,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Sep 20241 years ago
Submission Deadline
9 Sep 2024Expired
Future Notice Date
Not specified
Award Date
11 Sep 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
PENSION PROTECTION FUND
Contact Name
Not specified
Contact Email
commercialservices@ppf.co.uk
Contact Phone
Not specified

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
Not specified

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

TARGET PROFESSIONAL SERVICES (UK

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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