Award

Development of SERPS calculator

FINANCIAL SERVICES COMPENSATION SCHEME LIMITED

This public procurement record has 1 release in its history.

Award

14 Jul 2023 at 16:47

Award Notice
Summary of the contracting process

The Financial Services Compensation Scheme Limited has awarded a contract for the development of a SERPS adjustment calculator. The contract falls under the "Pension services" industry category and has a total value of 161,605 GBP. The procurement method used was "selective," with the procurement process being a "Call-off from a framework agreement." The contract period is from July 12, 2023, to September 8, 2023, with the tender period ending on July 11, 2023, and the award being made on July 11, 2023. The buyer organization is the Financial Services Compensation Scheme Limited, located in London, England (postal code: EC3A 7QU).

This tender presents opportunities for businesses to provide pension services in the financial sector. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are suited to compete for this contract. The award has been granted to Ernst & Young LLP, a large-scale supplier. Businesses interested in providing bespoke pension services tailored to the Financial Services Compensation Scheme's needs should consider the specifics of this selective procurement opportunity.

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Notice Information

Notice Title

Development of SERPS calculator

Notice Description

To provide a SERPS adjustment calculator, which FSCS will own

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a0569dd3-6c89-41ed-b647-2984edc14dc3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9a029562-f61a-48d1-a7e1-b08b9466c90a
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

66520000 - Pension services

Notice Value(s)

Tender Value
£161,605 £100K-£500K
Lots Value
Not specified
Awards Value
£161,605 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 20232 years ago
Submission Deadline
10 Jul 2023Expired
Future Notice Date
Not specified
Award Date
10 Jul 20232 years ago
Contract Period
11 Jul 2023 - 8 Sep 2023 1-6 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
FINANCIAL SERVICES COMPENSATION SCHEME LIMITED
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
EC3A 7QU
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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