Award

PRE00139 Independent Model Validation

POOL RE SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

29 Jul 2024 at 10:19

Award Notice
Summary of the contracting process

Pool Re Services Limited has completed the procurement process for the provision of independent model validation services, awarding the contract to Lane Clark and Peacock LLP. This tender, titled "PRE00139 Independent Model Validation," falls under the financial consultancy services category (CPV 66171000) and is set in London, United Kingdom. The procurement method used is classified as "Other - Below Threshold Procurement," with the contract period spanning from 25th July 2024 to 24th July 2027. The awarded contract is valued at £175,000 GBP.

This tender opens considerable opportunities for businesses specialising in financial consultancy services, particularly those with expertise in model validation. Although this specific contract has been awarded, similar future procurement activities by large organisations such as Pool Re Services Limited offer avenues for growth. Large, established consultancy firms like Lane Clark and Peacock LLP are well-suited to compete for such tenders due to their scale and expertise. SMEs and VCSEs may need to consider building partnerships or developing niche specialisations to enhance their competitivity for similar contracts.

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Notice Information

Notice Title

PRE00139 Independent Model Validation

Notice Description

Award for the Provision of Independent Model Validation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b6d78423-2ed7-4304-8f79-66b00b5276e5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ee14270e-1e6d-459d-be0e-1a8f70da8bd4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Below Threshold Procurement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£175,000 £100K-£500K
Lots Value
Not specified
Awards Value
£175,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
12 Jun 2024Expired
Future Notice Date
Not specified
Award Date
18 Jul 20241 years ago
Contract Period
24 Jul 2024 - 24 Jul 2027 2-3 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
POOL RE SERVICES 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
EC4R 9AF
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
TLI London
Local Authority
City of London
Electoral Ward
Candlewick
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LANE CLARK AND PEACOCK

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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