Award

Triennial Reasonableness Review of Network Companies Pension Submissions 2023

OFGEM

This public procurement record has 1 release in its history.

Award

07 Aug 2023 at 16:45

Award Notice
Summary of the contracting process

The award has been granted to the Government Actuary's Department by Ofgem for the Triennial Reasonableness Review of Network Companies Pension Submissions 2023. The contract value is £45,000, and the contract period spans from 1st July 2023 to 31st December 2023. This procurement falls under the financial consultancy services category and is intended to review licensees' pension submissions as part of the triennial reasonableness review.

This public procurement opportunity, managed by Ofgem, offers a chance for businesses in financial consultancy, financial auditing, pension investment services, and pension services to engage. The tender period ends on 1st January 2023, with an open procedure procurement method in place. Small and medium-sized enterprises (SMEs) are specifically encouraged to participate, presenting an opportunity for growth and collaboration in the specified service areas.

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Notice Information

Notice Title

Triennial Reasonableness Review of Network Companies Pension Submissions 2023

Notice Description

This procurement will support with the review the licensees pension deficit submissions as part of the triennial reasonableness review. As follows: 1. Review Licensees pension submissions, and produce a report for publication alongside our review; and 2. Review submitted questionnaires on Interpreting the interest of consumers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-64853c27-1b11-45e6-b9e0-646f0b1c4c01
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/577c76d1-7375-417b-83e2-71f830a45834
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
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66131100 - Pension investment services

66171000 - Financial consultancy services

66520000 - Pension services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20232 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
29 Jun 20232 years ago
Contract Period
30 Jun 2023 - 31 Dec 2023 6-12 months
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
OFGEM
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
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

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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