Award

Actuarial Services - Further Competition under Lot 1 of LGPS Framework (NCCT40954)

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

07 Jun 2018 at 13:30

Summary of the contracting process

The Isle of Wight Council has successfully completed a procurement process for the provision of actuarial services under Lot 1 of the Local Government Pension Scheme (LGPS) Framework (NCCT40954). The open procedure tender, titled "Actuarial Services - Further Competition under Lot 1 of LGPS Framework", was concluded on 10th April 2018. This contract, valued at £440,000, has a total possible term of seven years, including an extension period of up to 12 months, with services to be delivered in the South East region of the United Kingdom, spanning from 1st May 2018 to 30th April 2024.

This tender presents excellent opportunities for businesses specialising in insurance and pension services, particularly those capable of delivering actuarial support. Small and medium-sized enterprises (SMEs) are encouraged to compete, benefiting from the contract's structured framework and potential long-term engagement. Businesses with expertise in flexible actuarial services will find this opportunity aligns perfectly with their offerings, allowing them to expand their portfolio and enhance their market presence.

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Notice Title

Actuarial Services - Further Competition under Lot 1 of LGPS Framework (NCCT40954)

Notice Description

Actuarial Services supplied under Lot 1 of LGPS Framework (NCCT40954) Additional information: The contract value stated above is estimated based on historical activity. The actual value of the contract cannot be gauged at this time as it is based on menu priced activities which may or may not take place during the given period. An extension period of up to 12 months is available giving a total possible contract term of seven years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/027c6085-195e-4180-8e0e-fd5cc2ec1160
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
SME
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
£440,000 £100K-£500K
Lots Value
Not specified
Awards Value
£440,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jun 20187 years ago
Submission Deadline
2 Mar 2018Expired
Future Notice Date
Not specified
Award Date
9 Apr 20187 years ago
Contract Period
30 Apr 2018 - 30 Apr 2024 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
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)

Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Notice URLs

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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