Award

Invitation to Further Competition under Lot 1 of the National LGPS Framework for Actuarial Services

LGSS

This public procurement record has 1 release in its history.

Award

07 Feb 2018 at 11:26

Summary of the contracting process

The procurement process involved a joint tender led by the LGSS (Local Government Shared Services) for actuarial services, specifically under the National LGPS Framework. The tender, titled "Invitation to Further Competition under Lot 1 of the National LGPS Framework for Actuarial Services," was awarded on 22nd December 2017, with a total contract value of £3,550,000. The services are to be delivered in the East of England, commencing on 1st April 2018 and continuing until 31st March 2024. The procurement was categorised under the CPV code for actuarial services and fell under an "Other" procurement method.

This tender presents significant growth opportunities, particularly for firms that specialise in actuarial services. Companies offering expertise in financial analysis, pension fund management, and relevant actuarial consulting are well-positioned to compete within this market. The contract duration and substantial value indicate ongoing demand, suggesting a potentially lucrative avenue for businesses capable of delivering high-quality actuarial solutions to local government entities.

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Notice Title

Invitation to Further Competition under Lot 1 of the National LGPS Framework for Actuarial Services

Notice Description

Cambridgeshire County Council and Northamptonshire County Council have appoint a single supplier of Actuarial Services using a joint procurement exercise via Lot 1 of the National LGPS Framework. The provider is required to provide Actuarial Services to the Funds as set out in the framework tender documents.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1aa3c6ac-96e6-4dcd-9630-f0dbc32edc9f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5a107c3b-47a0-4de3-95f0-ce5b78503f9a
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
Other -
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£3,550,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Feb 20188 years ago
Submission Deadline
21 Dec 2017Expired
Future Notice Date
Not specified
Award Date
22 Dec 20178 years ago
Contract Period
31 Mar 2018 - 31 Mar 2024 Over 5 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
LGSS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORTHAMPTON
Postcode
NN1 1ED
Post Town
Northampton
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF24 West Northamptonshire
Delivery Location
Not specified

Local Authority
West Northamptonshire
Electoral Ward
Castle
Westminster Constituency
Northampton North

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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