Award

Contract for the Provision of Actuarial, Benefits and Governance Consultancy Services

HERTFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

28 Jun 2024 at 08:28

Summary of the contracting process

The Hertfordshire County Council has recently awarded the contract for Actuarial, Benefits, and Governance Consultancy Services to Barnett Waddingham LLP under the National LGPS Framework Agreement. The contract, valued at £8,000,000, is for an initial 5-year period with the possibility of extension for up to 10 years. The procurement method used was selective, calling off from a framework agreement, with the tender closing on 2nd February 2024. The procurement falls under the services industry category and is located in the East of England.

This tender offers business growth opportunities for organisations providing actuarial and consultancy services, especially those experienced in pension services. Small and medium-sized enterprises (SMEs) are encouraged to explore partnership possibilities, as the contracting authority, Hertfordshire County Council, has indicated suitability for SMEs. Businesses interested in this sector should consider similar framework agreements for potential future contracts within the local government pension scheme domain.

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Notice Title

Contract for the Provision of Actuarial, Benefits and Governance Consultancy Services

Notice Description

Awarded Contract - the contract has been awarded to Barnett Waddingham LLP under National LGPS Framework Agreement (NCCT41941) Lots 1 - 4. The contract has been awarded for a period of 5 years with the option to extend for a further period of 3 years plus 2 years. The contract value stated is for the maximum contract period of 10 years across all 4 lots.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6c07161b-3251-4656-84a2-0b98e679a8bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1a82fb31-6d08-4af0-9535-acf58b35efb3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£8,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£8,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jun 20241 years ago
Submission Deadline
2 Feb 2024Expired
Future Notice Date
Not specified
Award Date
3 Jun 20241 years ago
Contract Period
31 Aug 2024 - 31 Aug 2029 Over 5 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
HERTFORDSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HERTFORD
Postcode
SG13 8DQ
Post Town
Stevenage
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified

Local Authority
East Hertfordshire
Electoral Ward
Hertford Castle
Westminster Constituency
Hertford and Stortford

Supplier Information

Number of Suppliers
1
Supplier Name

BARNETT WADDINGHAM

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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