Award

Pension Voluntary Contributions

SOUTHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

16 Sep 2024 at 16:02

Summary of the contracting process

Southampton City Council has concluded the procurement process for the "Pension Voluntary Contributions" contract, classified under Pension fund management services (CPV 66141000). The contract, awarded through a direct procurement method via a single tender action, commenced on 1st October 2024 and will end on 30th September 2025. This tender, below the threshold for services, has an anticipated value of £42,000. The location for the delivery is Southampton, SO14 7LY. The award stage was completed with the award published on 16th September 2024.

This tender offers significant growth opportunities for small and medium-sized enterprises (SMEs) specialising in financial services, particularly in pension management. The procurement process, being below threshold and awarded through a single tender action, is especially suited for businesses that can efficiently manage smaller contracts and provide specialised attention to contractual obligations. The successful awardee, AVC Wise Limited, indicates a favourable environment for SMEs to engage with local government procurement activities, demonstrating Southampton City Council's support towards smaller businesses.

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Notice Title

Pension Voluntary Contributions

Notice Description

Pension Voluntary Contributions Additional information: This contract has been award for one year via exemption in accordance with our contract procedure rules and falls well below threshold for services.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5c3ca0ce-50ec-4183-af1b-526d97ef29b7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f4a14dce-9be9-4b03-a89a-72b01109b8fb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£42,000 Under £100K
Lots Value
Not specified
Awards Value
£42,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20241 years ago
Submission Deadline
1 Aug 2024Expired
Future Notice Date
Not specified
Award Date
31 Jul 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2025 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
SOUTHAMPTON CITY COUNCIL
Contact Name
Jason Barrett
Contact Email
jason.barrett@southampton.gov.uk
Contact Phone
07583031114

Buyer Location

Locality
SOUTHAMPTON
Postcode
SO14 7LY
Post Town
Southampton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
Not specified

Local Authority
Southampton
Electoral Ward
Bargate
Westminster Constituency
Southampton Itchen

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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