Award

Actuarial and Benefits

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

15 Feb 2022 at 16:07

Award Notice
Summary of the contracting process

The procurement process titled "Actuarial and Benefits" is being conducted by Wolverhampton City Council, aiming to establish contracts for Actuarial and Benefit Consultancy Services and Funding Risk Advisory Services. The procurement falls under the financial services industry and involves a selective method through a framework agreement. The contracts are set to commence on 1 January 2022 and conclude on 31 December 2028, with a potential for two-year extensions. The tender period for submissions ended on 22 September 2021.

This tender presents significant opportunities for consultancy firms, especially those specialising in actuarial services and financial advisory. Given the contract's focus on both Lot 1 and Lot 2 for consultancy and Lot 4 for funding risk advisory, businesses equipped with relevant expertise, particularly small and medium-sized enterprises (SMEs), are encouraged to engage. This is an ideal chance for firms looking to expand their service offerings or establish sustainable relationships within the public sector, as the selected suppliers will provide ongoing services over a prolonged contract period.

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Notice Information

Notice Title

Actuarial and Benefits

Notice Description

The Fund is seeking a single supplier to provide both Actuarial and Benefit Consultancy Services (Lot 1 and Lot 2) from the four providers on both these lots i.e. one provider to service both lots. The Fund is separately seeking a single supplier for Funding Risk Advisory Services (Lot 4) from the six providers on this lot. For completeness, the Fund may appoint one sole provider for Lots 1 and 2 combined and a different or the same provider for Lot 4.The period of the contracts for both Lots 1 and 2 combined and separately for Lot 4 will run from 1 January 2022 to 31 December 2026 (with the option for two yearly extensions, firstly to 31 December 2027 and secondly to 31 December 2028), subject to the outcome of this further competition exercise

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ae9e969-d909-44a3-8cea-00161c69f2a0
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£2,100,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,100,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
15 Feb 20224 years ago
Submission Deadline
22 Sep 2021Expired
Future Notice Date
Not specified
Award Date
23 Nov 20214 years ago
Contract Period
1 Jan 2022 - 31 Dec 2028 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
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
Not specified
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
2
Supplier Names

HYMANS ROBERTSON

MERCER

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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