Award

Remuneration Benchmarking

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Award

19 Nov 2019 at 17:16

Summary of the contracting process

The procurement process concerns a tender titled "Remuneration Benchmarking" initiated by Transport for London. This requirement is classified under financial consultancy services and is based in London, United Kingdom. The procurement has been completed, with a total contract value of £500,000. The tender period concluded on 18th October 2019, and the contract period is effective from 22nd October 2019 to 17th October 2022. The procurement was conducted through an open procedure, which is applicable for contracts above the threshold.

This tender offers significant opportunities for businesses, particularly those specialising in financial consultancy and benchmarking services. Small and medium enterprises (SMEs) may find this an ideal opportunity to engage with Transport for London, as the tender specifically encourages their participation. Companies that can demonstrate expertise in remuneration analysis and can provide strategic insights would be well-positioned to compete effectively for this contract.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Remuneration Benchmarking

Notice Description

This is a retender of a framework previously consisting of 2 Lots (Consultancy and Benchmarking). This requirement is now being split with Benchmarking being a standalone contract.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-42e32001-692b-4683-9884-196189935317
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/775878ec-ded6-40bc-b48d-42dc39f11e8a
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 (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Nov 20196 years ago
Submission Deadline
18 Oct 2019Expired
Future Notice Date
Not specified
Award Date
17 Oct 20196 years ago
Contract Period
21 Oct 2019 - 17 Oct 2022 2-3 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
TRANSPORT FOR LONDON
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
SW1H 0BD
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AON HEWITT

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-42e32001-692b-4683-9884-196189935317-2019-11-19T17:16:50Z",
    "date": "2019-11-19T17:16:50Z",
    "ocid": "ocds-b5fd17-42e32001-692b-4683-9884-196189935317",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "TfL 94244",
        "title": "Remuneration Benchmarking",
        "description": "This is a retender of a framework previously consisting of 2 Lots (Consultancy and Benchmarking). This requirement is now being split with Benchmarking being a standalone contract.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2019-10-18T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2019-10-22T00:00:00+01:00",
            "endDate": "2022-10-17T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/5WZu8KXU",
            "name": "Transport for London",
            "identifier": {
                "legalName": "Transport for London",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/5WZu8KXU"
            },
            "address": {
                "streetAddress": "55 Broadway",
                "locality": "London",
                "postalCode": "SW1H 0BD",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "CommercialCoE@TfL.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-130917",
            "name": "Aon Hewitt Ltd,",
            "identifier": {
                "legalName": "Aon Hewitt Ltd,"
            },
            "address": {
                "streetAddress": "The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London, EC2V 4AN"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/5WZu8KXU",
        "name": "Transport for London"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-42e32001-692b-4683-9884-196189935317-1",
            "status": "active",
            "date": "2019-10-18T00:00:00+01:00",
            "datePublished": "2019-11-19T17:16:50Z",
            "value": {
                "amount": 500000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-130917",
                    "name": "Aon Hewitt Ltd,"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-10-22T00:00:00+01:00",
                "endDate": "2022-10-17T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/775878ec-ded6-40bc-b48d-42dc39f11e8a",
                    "datePublished": "2019-11-19T17:16:50Z",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "contractNotice",
                    "description": "Remuneration Benchmarking",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/e2b2f28f-f494-43f2-894b-1209cbd17d7e",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}