Award

Salary Sacrifice Shared Cost Additional Voluntary Contributions Scheme

CUMBRIA CONSTABULARY

This public procurement record has 1 release in its history.

Award

05 May 2025 at 12:22

Award Notice
Summary of the contracting process

This procurement process involved a selective method as a call-off from a framework agreement, managed by the Police, Fire and Crime Commissioner for Cumbria and the Chief Constable of Cumbria Constabulary. The process pertains to the "Salary Sacrifice Shared Cost Additional Voluntary Contributions Scheme" in the field of banking and investment services, specifically under pension services. The contract, valued at £2,500,000, is aimed at the North East region of the United Kingdom. The procurement stage is complete, and an award was made on 28th January 2025 to AVC Wise Limited. The contract will commence on 10th February 2025 and will continue until 9th February 2029, with potential extensions reaching up to 2030.

This tender presents significant opportunities for businesses specialising in financial services, particularly those providing pension and investment management solutions. Companies with the capacity to support salary sacrifice schemes and additional voluntary contributions frameworks are well-suited to compete in this market. The scheme supports growth for SMEs and VCSEs, encouraging them to engage with public sector frameworks to enhance their market presence and service offerings within the regional confines specified. By aligning their services with such public procurement contracts, businesses can secure stable, long-term partnerships, thereby expanding their client base and revenue streams.

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Notice Information

Notice Title

Salary Sacrifice Shared Cost Additional Voluntary Contributions Scheme

Notice Description

The Police, Fire and Crime Commissioner for Cumbria and The Chief Constable of Cumbria Constabulary - Direct award call-off Portsmouth City Council's salary sacrifice additional voluntary contributions framework (SSAVC). For an initial 4-year period with optional extension up to 9th February 2030. The total estimated contract value is for the potential 5-year period based on estimated total value of salary sacrificed over this period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7a511e4a-b449-4769-9d6d-105d01a1b619
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dfa72dee-2960-4302-9314-978e5851c8ba
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, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66520000 - Pension services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 May 20251 years ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
28 Jan 20251 years ago
Contract Period
10 Feb 2025 - 9 Feb 2029 4-5 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
CUMBRIA CONSTABULARY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PENRITH
Postcode
CA10 2AU
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD14 Westmorland and Furness
Delivery Location
TLC North East (England)
Local Authority
Westmorland and Furness
Electoral Ward
Penrith South
Westminster Constituency
Penrith and Solway

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE LIMITED (T/A MY MONEY MATTERS

Further Information

Notice Documents

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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