Award

Longevitas Software License

GOVERNMENT ACTUARY DEPARTMENT

This public procurement record has 1 release in its history.

Award

21 Oct 2024 at 15:20

Award Notice
Summary of the contracting process

The Government Actuary Department (GAD) has awarded a direct procurement contract for a software licence, titled "Longevitas Software License". The contract falls under the "Software package and information systems" industry category and is located within the United Kingdom. The procurement reached its award stage on 21 October 2024, with the contract period running from 21 March 2024 to 20 March 2025. The direct award method was utilised, and the contract value amounts to GBP 107,700. The tender highlights its suitability for SMEs and VCSEs, making it an inclusive opportunity for smaller enterprises and voluntary sector entities.

This procurement presents significant opportunities for businesses specialising in software solutions for actuarial and longevity risk analysis. Particularly, firms that have expertise in developing or offering sophisticated software capable of analysing pensioner mortality data may find this contract beneficial for scaling their operations and enhancing their portfolio. Additionally, SMEs and VCSEs can leverage this opportunity to establish credentials and gain experience by collaborating with a reputable government agency like GAD.

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Notice Information

Notice Title

Longevitas Software License

Notice Description

Longevitas provides specialist software for actuaries working with longevity risk and allows analysis of pensioner mortality.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-90f21451-8031-46c5-b854-59a3bef45954
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/512816ca-5acd-41f7-bd46-498a07a64854
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 - Direct Award
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48000000 - Software package and information systems

Notice Value(s)

Tender Value
£107,700 £100K-£500K
Lots Value
Not specified
Awards Value
£107,700 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20241 years ago
Submission Deadline
1 Mar 2024Expired
Future Notice Date
Not specified
Award Date
1 Mar 20241 years ago
Contract Period
21 Mar 2024 - 20 Mar 2025 6-12 months
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
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

STEPHEN RICHARDS CONSULTING

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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