Award

Shared Additional Voluntary Contribution Salary Sacrifice Scheme

REDCAR & CLEVELAND BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

28 Mar 2025 at 14:47

Summary of the contracting process

Redcar & Cleveland Borough Council has completed the procurement process for a contract titled "Shared Additional Voluntary Contribution Salary Sacrifice Scheme." The contract falls under the industry category of Pension Fund Administration Services (CPV 66523100). The procurement involved a selective method, specifically a call-off from a framework agreement. The contract, valued at £175,000, is set to begin on 1st July 2024 and will extend for five years, with the potential for two additional one-year extensions. The primary delivery location is in the North East of the United Kingdom. The final award was published on 28th March 2025.

This tender offers substantial business growth opportunities, particularly for small and medium-sized enterprises (SMEs) capable of providing pension fund administration services. The selected contractor, My Money Matters Ltd, an SME based in Romford, Essex, demonstrates that the opportunity is well-suited for similar-sized businesses looking to expand their portfolio by securing long-term government contracts. SMEs with expertise in pension funds and salary sacrifice schemes will find this an ideal chance to leverage their specialised skills in a stable, five-year framework with the potential for extensions.

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Notice Title

Shared Additional Voluntary Contribution Salary Sacrifice Scheme

Notice Description

Direct Award of contract for the provision of Shared Additional Voluntary Contribution Salary Sacrifice Scheme via the Portsmouth City Council (PCC) Salary Sacrifice AVC Framework. The contract is expected to start on Monday, 1 July 2024 for a period of 5 years with the option of two 12-month extensions.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2b23b80a-30bd-4ca5-8407-213a7df11b55
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7f9663cb-8101-41c1-9ffb-f0a7f3919f88
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

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Mar 202511 months ago
Submission Deadline
30 Jun 2024Expired
Future Notice Date
Not specified
Award Date
24 Jul 20241 years ago
Contract Period
30 Jun 2024 - 30 Jun 2029 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
REDCAR & CLEVELAND BOROUGH 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
REDCAR
Postcode
TS10 1RT
Post Town
Cleveland
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC32 South Teesside
Delivery Location
TLC North East (England)

Local Authority
Redcar and Cleveland
Electoral Ward
Coatham
Westminster Constituency
Redcar

Supplier Information

Number of Suppliers
1
Supplier Name

MY MONEY MATTERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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