Award

GPS Energy Solutions Section of the Combined Nuclear Pension Plan

INTERNATIONAL NUCLEAR SERVICES LTD

This public procurement record has 1 release in its history.

Award

07 Jun 2019 at 11:30

Award Notice
Summary of the contracting process

The procurement process, titled "GPS Energy Solutions Section of the Combined Nuclear Pension Plan," is being conducted by International Nuclear Services Ltd. This process falls under the financial and insurance services category and has concluded with an active award date of 15th May 2019. The contract, valued at £24,640,000, encompasses a period from 15th May 2019 to 31st March 2020. The procurement was carried out using an open method, with the tender period ending on 16th April 2019, and the contract relates specifically to the GPS Energy Solutions Section within the Combined Nuclear Pension Plan.

This tender presents significant opportunities for businesses, particularly those specialising in financial and insurance services related to pension arrangements. Companies that have experience in managing annuities or large-scale pension funds would find themselves well-positioned to compete for similar tenders in the future. With the funding being a considerable amount, firms that can demonstrate robust financial management and compliance within this sector may stand to benefit from this contract type and enhance their market presence.

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Notice Information

Notice Title

GPS Energy Solutions Section of the Combined Nuclear Pension Plan

Notice Description

This procurement is being undertaken by the Trustee of the Combined Nuclear Pension Plan ("the Trustee"). It relates to liabilities in respect of the GPS Energy Solutions Section of the Combined Nuclear Pension Plan ("the Section" and "the Plan" respectively). The Plan is a multi-employer final salary pension arrangement with a separate ring-fenced section for each employer or employment group. The Nuclear Decommissioning Authority (NDA), while not an employing entity is the Lead (Principal) Company for many of the sections. This annuity is only in respect of the Section (the EnergySolutions EU Limited section), although the Plan may seek to secure further bulk annuities for other sections in future.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6537d977-2a66-4566-a0e2-9a413a01a019
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b69ed386-2650-4af1-8225-1d333975a8d7
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£25,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£24,640,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20196 years ago
Submission Deadline
16 Apr 2019Expired
Future Notice Date
Not specified
Award Date
14 May 20196 years ago
Contract Period
14 May 2019 - 31 Mar 2020 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
INTERNATIONAL NUCLEAR SERVICES LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MOOR ROW
Postcode
CA24 3HU
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified
Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

Supplier Information

Number of Suppliers
1
Supplier Name

JUST RETIREMENT

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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