Award

Project Metz

WIRRAL BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

22 Aug 2024 at 09:42

Summary of the contracting process

The contracting process initiated by Wirral Borough Council, titled "Project Metz", pertains to the bulk purchase annuity buy-in within the insurance and pension services industry. The procurement, identified as WIRLC001-DN679583-67291154, targets suppliers in the United Kingdom, specifically England. This process, categorised under an open procedure, concluded its tendering period on 12th March 2024. The contract, starting on 26th April 2024, has an indefinite length, effectively set for 9999 months to accommodate its open-ended nature. The contract was awarded to Aviva Life & Pensions UK Ltd on 24th April 2024, with a total value of £200,000,000.

This tender presents significant opportunities for businesses specialising in insurance and pension services. Though not suited for small or medium-sized enterprises (SMEs) or voluntary, community, and social enterprises (VCSEs) due to its large scale, it offers an expansive growth opportunity for large-scale firms capable of managing substantial long-term contracts. Companies with robust capabilities in handling extensive financial service contracts and those looking to expand their portfolio within the public sector will find this procurement particularly promising.

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Notice Title

Project Metz

Notice Description

Bulk Purchase Annuity Buy- in Additional information: Award Notice. Please note due to the nature of the contract the exact contract length cannot be determined, to accommodate this the contract length for the purposes of this notice has been set at 9999 months. The contract will have no fixed end date

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a991b830-e69d-4cac-8f3d-bd716e6298fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5d8b1f42-6f23-404e-8840-8546f63eed7d
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£200,787,000 £100M-£1B
Lots Value
Not specified
Awards Value
£200,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
22 Aug 20241 years ago
Submission Deadline
12 Mar 2024Expired
Future Notice Date
Not specified
Award Date
23 Apr 20241 years ago
Contract Period
25 Apr 2024 - 30 Sep 2856 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WIRRAL BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
procurementcorporate@wirral.gov.uk
Contact Phone
+44 1516062000

Buyer Location

Locality
BIRKENHEAD
Postcode
CH41 2AB
Post Town
Chester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD74 Wirral
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Wirral
Electoral Ward
Birkenhead and Tranmere
Westminster Constituency
Birkenhead

Supplier Information

Number of Suppliers
1
Supplier Name

AVIVA LIFE & PENSIONS

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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