Award

Contract Award for Pensions Administration Support

WOLVERHAMPTON CITY COUNCIL

This public procurement record has 1 release in its history.

Award

09 Sep 2024 at 10:56

Award Notice
Summary of the contracting process

Wolverhampton City Council has awarded a contract for Pensions Administration Support within the industry category of pension fund consultancy services. The procurement was conducted through a selective procurement method, specifically a call-off from a framework agreement. The contract, valued at £1,500,000, commenced on 12th August 2024 and will conclude on 11th August 2025. The service location is the West Midlands, United Kingdom. The tender phase ended on 9th August 2024, and the contract award was published on 9th September 2024. The city council, led by Fakhrul Islam, coordinated this procurement process.

This tender offers substantial opportunities for business growth, particularly for SMEs that specialise in pension administration and consultancy services. Given the significant contract value and the project duration of one year, businesses with robust administrative and consultancy capabilities stand to gain considerable benefits. The successful supplier, Price Waterhouse Coopers, a large-scale organisation, exemplifies the level of expertise and resource capacity desired for this contract, indicating that well-established companies are well-suited to compete in such tenders.

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Notice Information

Notice Title

Contract Award for Pensions Administration Support

Notice Description

Direct Award from a Framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b9f24ca0-de44-47c5-83e5-07ac5b3b7c6b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bfcca3f3-7456-4a5b-ae8a-a068dc4cbccc
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
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Sep 20241 years ago
Submission Deadline
8 Aug 2024Expired
Future Notice Date
Not specified
Award Date
8 Aug 20241 years ago
Contract Period
11 Aug 2024 - 11 Aug 2025 6-12 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
WOLVERHAMPTON CITY 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
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

PRICE WATERHOUSE COOPERS

Further Information

Notice Documents

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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