Award

Pension Fund Governance Consultancy

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

04 Jan 2018 at 09:42

Summary of the contracting process

The Isle of Wight Council has completed a tender process for the "Pension Fund Governance Consultancy" project, focusing on Insurance and pension services. The contract, worth £70,800, commenced on 2nd January 2018 and is set to run until 1st January 2022, with potential to extend for up to three years. This procurement was executed as a further competition under the National LGPS Framework, and the tender period closed on 14th November 2017. The services are primarily required in the South East region of the United Kingdom.

This contract presents significant opportunities for consultancy firms specialising in pension fund governance, particularly those who can provide actuarial, benefits, and governance services. Small and medium-sized enterprises (SMEs) would be well-placed to compete, leveraging their agility and expertise in the sector. With local government bodies increasingly focused on effective pension fund management, businesses that align their offerings to meet these procurement requirements can expect growth and development in this niche market.

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Notice Title

Pension Fund Governance Consultancy

Notice Description

Pension Fund Governance Consultancy Additional information: This contract was competed using a further competition under the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services Primarily in Support of the Local Government Pension Scheme (NCCT40954). The call off contract can be extended for up to three years taking the potential expiry date to 01 Jan 2025.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1dfde573-9692-466f-acfb-09a3cd9d6197
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e310d58e-9484-4610-b4f5-281880f7b642
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£70,800 Under £100K
Lots Value
Not specified
Awards Value
£70,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jan 20188 years ago
Submission Deadline
14 Nov 2017Expired
Future Notice Date
Not specified
Award Date
20 Dec 20178 years ago
Contract Period
2 Jan 2018 - 1 Jan 2022 4-5 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
ISLE OF WIGHT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)

Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Notice URLs

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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