Award

Actuarial Services for Buckinghamshire Council Local Government Pension Scheme

BUCKINGHAMSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

03 Feb 2021 at 14:52

Award Notice
Summary of the contracting process

Buckinghamshire Council has awarded a contract for Actuarial Services related to the Local Government Pension Scheme, following a further competition under the National LGPS Framework Agreement. The contract, valued at £510,000, is effective from 1 January 2021 and will run until 31 December 2026, with the possibility of an extension for up to six months. This procurement was classified under the services category, specifically pension fund consultancy services, and is located in the South East region of the United Kingdom. The procurement method employed for this process was classified as "Other" within the tendering framework.

This tender represents an excellent opportunity for businesses specialising in actuarial and consultancy services, particularly those that are small and medium-sized enterprises (SMEs). Firms that can provide tailored solutions to local government pension schemes will find this contract attractive. As the awarded company, Barnett Waddingham LLP, continues to fulfil its obligations, fresh opportunities could arise for other businesses to engage with the council for related services, potentially fostering partnerships or subcontracting arrangements that can enhance their market presence and growth.

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Notice Information

Notice Title

Actuarial Services for Buckinghamshire Council Local Government Pension Scheme

Notice Description

Call-off contract awarded for the provision of Actuarial Services for Buckinghamshire Council Local Government Scheme following further competition under National LGPS Framework Agreement for the Provision of Actuarial, Benefits and Governance Consultancy Services Primarily in Support of the Local Government Pension Scheme (NCCT40954) Lot 1. The contract term is 6 years from 1 January 2021 to 31 December 2026. There is an option to extend for up to a further 6 months to 30 June 2027 at the latest. Additional information: The actual value of the contract cannot be gauged at this time as it is based on menu priced activities which may or may not take place during the given period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6f78952d-e890-46e4-a270-89db5006b02a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/001d09d6-6834-456a-a5f4-abd22e040764
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£510,000 £500K-£1M
Lots Value
Not specified
Awards Value
£510,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
3 Feb 20215 years ago
Submission Deadline
7 Sep 2020Expired
Future Notice Date
Not specified
Award Date
8 Dec 20205 years ago
Contract Period
1 Jan 2021 - 31 Dec 2026 Over 5 years
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
BUCKINGHAMSHIRE COUNCIL
Contact Name
Ann Spence
Contact Email
ann.spence@buckinghamshire.gov.uk
Contact Phone
+44 1296382934

Buyer Location

Locality
AYLESBURY
Postcode
HP20 1UA
Post Town
Hemel Hempstead
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ13 Buckinghamshire
Delivery Location
TLJ South East (England)
Local Authority
Buckinghamshire
Electoral Ward
Aylesbury North
Westminster Constituency
Aylesbury

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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