Tender

Pension Administration Software

OXFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Jun 2019 at 07:26

Tender Notice
Summary of the contracting process

Oxfordshire County Council is conducting a tender process for a project titled "Pension Administration Software," aimed at replacing the existing pension administration and hosting service before the current contract expires in January 2020. This procurement falls under the category of pension fund management services and is set to conclude on 19th July 2019, with the contract period expected to start on 1st September 2019 and end on 15th September 2024. The total value of the contract is £5,000,000, and the procurement method used is an open procedure.

This tender presents a significant opportunity for businesses specialising in software development and IT services, particularly those with experience in pension administration solutions. Small and medium-sized enterprises (SMEs) would be especially well-suited to compete, as the project is tailored to accommodate their capabilities. The successful implementation of the software will enable Oxfordshire County Council to efficiently manage pension records and streamline monthly payroll operations, providing potential contractors with a vital role in enhancing public service delivery.

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Notice Information

Notice Title

Pension Administration Software

Notice Description

Oxfordshire County Council, require a replacement of their existing Pension Administration Software and Hosting service prior to the expiry of the existing contract in January 2020. Throgh use of this software they currenty adminster the pension records of circa 70000 members of a number of schemes including the Local Government Pension Scheme (LGPS), The Fire Service Pension Schemes (FPS) and the Teachers' Compensatory Added Years (CAY). To meet their obligations as pension administrators Oxford County Council require an efficient and effective pension administration software product that can hold necessary information and make calculations in line with all pension and overriding pension legislation. The pension administration software is used to run a monthly payrol to pay the pensions to around 15,000 pension members amounting to cPS6,300,000 each month. The administration software is also used, as above, to hold records; calculate and pay benefits for Fire Pension Scheme members and whilst the numbers are much smaller there is far more complexity here with 5 schemes (sets of regulation) to use in calculating benefit entitlements.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-97a424fe-c6d7-4180-9d8c-8234c369cdee
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f3503fe3-e378-4f8f-b44d-3319d0ed6d35
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Jun 20196 years ago
Submission Deadline
19 Jul 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2019 - 15 Sep 2024 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OXFORDSHIRE 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
OXFORD
Postcode
OX1 1ND
Post Town
Oxford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
Not specified
Local Authority
Oxford
Electoral Ward
Osney & St Thomas
Westminster Constituency
Oxford West and Abingdon

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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