Award

Consultancy Services - LTRM Review

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

02 Mar 2023 at 10:41

Award Notice
Summary of the contracting process

The Pension Protection Fund recently awarded a £150,000 consultancy services contract for an external review of the Long Term Risk Model (LTRM). The tender, titled "Consultancy Services - LTRM Review", was in the services category and followed a selective procurement method. The procurement stage has been completed, with the contract period starting on February 8, 2023, and ending on April 3, 2023. The buying organization, Pension Protection Fund, located in Croydon, England, sought proposals and selected Hymans Robertson LLP as the supplier.

This procurement presents an opportunity for businesses, especially those offering actuarial services, to engage with the Pension Protection Fund for similar consultancy projects. Small and medium-sized enterprises (SMEs) are deemed suitable for this contract, which was part of call-off from a framework agreement. Businesses looking to provide consultancy services in the financial sector, particularly related to risk modelling, may find this tender a good fit for their expertise and growth objectives.

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Notice Information

Notice Title

Consultancy Services - LTRM Review

Notice Description

External review of the PPF's Long Term Risk Model (LTRM)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2ea56832-2734-4496-9bbd-76874e2c975d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0a98f7a5-d456-4e67-bc0d-a4b1efce405f
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20232 years ago
Submission Deadline
16 Dec 2022Expired
Future Notice Date
Not specified
Award Date
20 Jan 20233 years ago
Contract Period
8 Feb 2023 - 3 Apr 2023 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
PENSION PROTECTION FUND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLI London
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

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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