Award

Single Tender Action for Actuarial Services

NHS RESOLUTION

This public procurement record has 1 release in its history.

Award

07 Jun 2017 at 16:45

Summary of the contracting process

The procurement process is for a Single Tender Action for Actuarial Services initiated by NHS Resolution, located at 151 Buckingham Palace Road, London. The contract, worth £300,000, aims to provide valuable actuarial insights, including claims projections based on economic and historical data. The procurement was conducted under an open procedure and concluded on 1st January 2017, with the contract commencing on 31st May 2017 and set to last until 30th November 2017. The related award notice was published on 7th June 2017.

This tender presents a substantial opportunity for small and medium-sized enterprises (SMEs) with expertise in actuarial services, particularly those familiar with the complexities of claims analysis in the insurance or healthcare sectors. Businesses that can provide analytical forecasts and support for NHS Resolution's operational needs should consider competing for similar opportunities to tap into public sector contracts, which can significantly contribute to their growth and capacity building.

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Notice Title

Single Tender Action for Actuarial Services

Notice Description

The actuarial service will be used to provide estimates of provisions, analyse past trends in claims and combine this with knowledge of the current economic and claims environments in order to make projections of how claims will emerge and be settled in the future

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-38c0a4e6-fd95-4c79-b259-6b765128d319
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1d6eaf71-36ac-41ec-b1ae-0794f6bca720
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20178 years ago
Submission Deadline
1 Jan 2017Expired
Future Notice Date
Not specified
Award Date
30 May 20178 years ago
Contract Period
30 May 2017 - 30 Nov 2017 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
NHS RESOLUTION
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 9SZ
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
TLI London

Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

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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