Award

Economic Scenario Files

GOVERNMENT ACTUARY DEPARTMENT

This public procurement record has 2 releases in its history.

AwardUpdate

14 Oct 2024 at 14:45

Award

14 Oct 2024 at 12:14

Summary of the contracting process

The Government Actuary Department (GAD) in London has completed a procurement process for the "Economic Scenario Files" project, categorised under computer-related professional services (CPV code 72590000). The awarded contract, valued at £10,000, was offered through a single-source procurement method. The key supplier is Conning, Inc., based in Hartford, CT. The tender stage began on 20th December 2023, with the contract period scheduled to start on 1st January 2024 and conclude on 31st December 2024. This procurement is particularly suitable for small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs).

This tender represents a significant opportunity for businesses specialising in computer-related professional services, particularly those capable of providing detailed financial simulations and data analysis. SMEs and VCSEs are particularly encouraged to engage, as the project requires generating robust economic scenarios involving asset class returns, interest rates, foreign exchange rates, and inflation. By participating, businesses have the potential to gain a foothold with a prestigious government department and demonstrate their capabilities in handling complex, data-driven projects.

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Notice Title

Economic Scenario Files

Notice Description

Economic Scenarios Files will include asset class returns, interest rates, FX rates, and inflation simulated across 10,000 scenarios.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-655fdabf-b02f-4c23-aea5-a669d6267d75
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9adf7157-42c3-46d2-a4cc-b4f9a3f9aac5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Single Source
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72590000 - Computer-related professional services

Notice Value(s)

Tender Value
£10,000 Under £100K
Lots Value
Not specified
Awards Value
£10,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20241 years ago
Submission Deadline
20 Dec 2023Expired
Future Notice Date
Not specified
Award Date
20 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 2024 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
GOVERNMENT ACTUARY DEPARTMENT
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

CONNING

Open Contracting Data Standard (OCDS)

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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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