Award

Actuarial Support for Financial Audits 2020/21

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

04 Jun 2021 at 13:24

Summary of the contracting process

The National Audit Office has completed a tender process for the provision of actuarial support for financial audits for the year 2020/21. The project, titled "Actuarial Support for Financial Audits 2020/21," was classified under actuarial services in the CPV scheme. The procurement method was selective, conducted as a call-off from a framework agreement, with a total value of £360,000 awarded to PRICEWATERHOUSECOOPERS. Key dates include the contract period from 1st April 2021 to 31st October 2021, with the tender period closing on 15th February 2021. The procurement took place in London (SW1W 9SP).

This tender offers significant opportunities for businesses specialising in actuarial services and related financial consulting. Firms that can provide expert support in delivering audits, especially those familiar with IAS 19 pension liabilities, will find this environment advantageous. Although the tender process has concluded, businesses looking to engage with the National Audit Office in future projects should prepare to offer high-level actuarial expertise and consider entering into framework agreements to streamline future procurement opportunities.

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Notice Title

Actuarial Support for Financial Audits 2020/21

Notice Description

Specialist actuarial support for the delivery of 2020-21 financial audits with IAS 19 pension liabilities. Support will include access to assumption benchmarking, secondments into audit teams and ad hoc support to the Central Pensions team

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-284ac139-3299-4c6b-9750-1488e215c4fd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c11340ab-a6de-4fd4-aca6-358cbd946967
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
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
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£360,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20214 years ago
Submission Deadline
15 Feb 2021Expired
Future Notice Date
Not specified
Award Date
15 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Oct 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
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
SW1W 9SP
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
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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