Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Pensions Administration Software for the Isle of Wight Council through the LGPS Framework for Pensions Administration Software

Isle of Wight Council

This public procurement record has 3 releases in its history.

Award

31 Jan 2023 at 14:04

Award Notice
Award

31 Jan 2023 at 13:07

Award Notice
Award

24 May 2022 at 09:43

Award Notice
Summary of the contracting process

The Isle of Wight Council, based in Newport, England, sought to procure a Pensions Administration Software provider under the LGPS Framework. The procurement falls under the services category of software package and information systems. This contracting process reached the award stage on 24th May 2022, with Heywood Limited being selected as the supplier. The contract commences on 1st January 2023 and runs until 31st December 2032, with the total value initially estimated at approximately £1,555,164, potentially increasing to around £3,091,925. This procurement process was conducted through an 'Other' procurement method, indicating a specific approach outside the typical open, restricted, or competitive dialogues.

This tender opens new avenues for software companies specialising in pensions administration systems, particularly small to medium-sized enterprises (SMEs) capable of delivering such services. Businesses that offer comprehensive information systems and can comply with public sector frameworks would find this contract valuable in increasing their market presence and credibility. Furthermore, the extended contract period provides a stable long-term opportunity for the provider, enabling them to plan and invest in resource development tailored to the evolving needs of the Isle of Wight Council’s administration of pension services across the South East of the UK.

How relevant is this notice?

Notice Information

Notice Title

Pensions Administration Software for the Isle of Wight Council through the LGPS Framework for Pensions Administration Software

Notice Description

Provision of a Pensions Administration Software provider. The Pensions Administration Software provider will be required to provide Pensions Administration Software to the Fund as set out in the framework tender documents.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-41d4c80a-0b4c-47d3-b110-058b6c059944
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ba4b99ae-2ef9-4895-873a-d6126b0bc1b8
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

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£1,555,164 £1M-£10M
Lots Value
Not specified
Awards Value
£1,555,164 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jan 20233 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 May 20224 years ago
Contract Period
1 Jan 2023 - 31 Dec 2032 Over 5 years
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
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
Postcode Area
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

Heywood

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...