Award

Salary Sacrifice Additional Voluntary Contributions Employee Benefit Scheme

NORWICH CITY COUNCIL

This public procurement record has 1 release in its history.

Award

19 Mar 2025 at 14:06

Award Notice
Summary of the contracting process

Norwich City Council has completed the procurement process for establishing a Salary Sacrifice Additional Voluntary Contributions (AVCs) Employee Benefit Scheme in the East of England. The tender, titled "Salary Sacrifice Additional Voluntary Contributions Employee Benefit Scheme", falls under the 'Pension services' industry category (CPV code 66520000). The procurement method used was selective, specifically a call-off from a framework agreement, with tender submissions closing on 24th February 2025. The contract period is from 1st May 2025 to 30th April 2030, with an estimated contract value of £100,000.

This tender represents a significant business opportunity, especially for SMEs specialising in pension services and benefits management. The long-term nature of the contract offers stable revenue prospects for the successful bidder. Due to the targeted inclusion of SMEs, businesses fitting this profile, potentially offering innovative or cost-saving approaches to pension benefits, would be well-suited to compete and collaborate with the council to deliver the specified services.

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Notice Information

Notice Title

Salary Sacrifice Additional Voluntary Contributions Employee Benefit Scheme

Notice Description

The Council is seeking to establish Salary sacrifice additional voluntary pension contributions (AVCs) service.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4d1e23ca-346c-4734-a2c8-2c9769faa84f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/33377bf6-f845-45d7-899d-ddc96557748b
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

66520000 - Pension services

Notice Value(s)

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

Notice Dates

Publication Date
19 Mar 202511 months ago
Submission Deadline
24 Feb 2025Expired
Future Notice Date
Not specified
Award Date
24 Feb 202512 months ago
Contract Period
30 Apr 2025 - 30 Apr 2030 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
NORWICH CITY COUNCIL
Contact Name
Not specified
Contact Email
procurement@norwich.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NORWICH
Postcode
NR2 1NH
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Mancroft
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE

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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