Award

Actuaries and Associated Services

BRITISH TRANSPORT POLICE

This public procurement record has 1 release in its history.

Award

21 Jul 2021 at 12:52

Summary of the contracting process

The procurement process involved the British Transport Police, which sought actuarial advisory and associated services for its pension schemes. The tender, titled "Actuaries and Associated Services," was classified under pension fund management services. The open procedure procurement method was employed, with the contract period running from 2nd November 2020 to 1st November 2022. The tender ended on 27th July 2020, and the awarded contract valued at £189,000 was granted to XPS PENSIONS CONSULTING LIMITED. This information was published on 21st July 2021.

This contract presents significant opportunities for businesses, particularly those specialising in actuarial services and pension consultancy. Smaller and medium-sized enterprises (SMEs) would be well-suited to participate in similar tenders, as the British Transport Police indicated a willingness to engage with such organisations. Companies with expertise in compliance, financial analysis, and investment strategies related to pension schemes could find this an attractive prospect for growth in the public procurement market.

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Notice Title

Actuaries and Associated Services

Notice Description

The British Transport Police Authority required actuarial advisory and associated services in respect of its pension schemes and on general pension matters.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-60cee57e-f33c-4be6-b73e-a6b0a1d6b46a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/838c48dc-99d7-47bd-9e8b-b6373a214e1c
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

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£189,000 £100K-£500K
Lots Value
Not specified
Awards Value
£189,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jul 20214 years ago
Submission Deadline
27 Jul 2020Expired
Future Notice Date
Not specified
Award Date
4 Oct 20205 years ago
Contract Period
2 Nov 2020 - 1 Nov 2022 1-2 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
BRITISH TRANSPORT POLICE
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
NW1 9LN
Post Town
North West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Camden Town
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

XPS PENSIONS CONSULTING

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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