Award

BPDTS Ltd - Pension Provider

DEPARTMENT FOR WORK AND PENSIONS

This public procurement record has 1 release in its history.

Award

24 Aug 2018 at 06:49

Award Notice
Summary of the contracting process

The procurement process conducted by the Department for Work and Pensions involves the awarding of a contract for pension services to Friends Life & Pensions Limited, with a total contract value of £151,000. This tender, titled "BPDTS Ltd - Pension Provider," was initiated under an open procurement method and is classified under the services category, specifically focusing on pension services. The contract commenced on 1 December 2016 and is set to conclude on 30 November 2018. Although the tender submission period has ended, the procurement status is now marked as complete.

This contract offers significant opportunities for businesses, particularly those that specialise in financial services and employee benefits management. Larger firms with the capacity to deliver comprehensive pension solutions would find this tender especially relevant, as BPDTS Ltd may consider future contract expansions based on performance. Companies that can demonstrate robust service delivery capabilities over the contract period will be well-positioned to compete for subsequent opportunities under similar frameworks.

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Notice Information

Notice Title

BPDTS Ltd - Pension Provider

Notice Description

BPDTS Ltd are awarding 1 contract for the delivery of a pension service. BPDTS Ltd may increase the volume of the service where an increased service is required. BPDTS Ltd will also have the option to extend the contract for up to a further 2 (1+1) years, subject to satisfactory performance of the contract. Any variations or extensions will be subject to discussion and agreement between the Provider and BPDTS Ltd, with inclusion of DWP where necessary, at the appropriate time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a342ac06-c9f0-4344-b9e6-9bb2ec87d636
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5dc61b5a-c4e7-4fe9-b037-934be77cf499
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£151,000 £100K-£500K
Lots Value
Not specified
Awards Value
£151,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Aug 20187 years ago
Submission Deadline
29 Jul 2016Expired
Future Notice Date
Not specified
Award Date
1 Nov 20169 years ago
Contract Period
1 Dec 2016 - 30 Nov 2018 1-2 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
DEPARTMENT FOR WORK AND PENSIONS
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
SW1H 9NA
Post Town
South West 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
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

FRIENDS LIFE & PENSIONS

Further Information

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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