Tender

16 099 Pension Scheme

CHESHIRE EAST BOROUGH COUNCIL (CHESHIRE EAST RESIDENTS FIRST LTD)

This public procurement record has 1 release in its history.

Tender

03 Aug 2017 at 07:33

Summary of the contracting process

The Cheshire East Borough Council, through its subsidiary Cheshire East Residents First Limited, is inviting tenders for the "16 099 Pension Scheme", aimed at providing a defined contribution pension scheme for its employees. This procurement falls under the services industry category, specifically focusing on pension services, with an estimated contract value of £550,000. The tender is currently in the active stage with a submission deadline of 4th September 2017. The contract is expected to commence on 1st December 2017 and continue for a maximum duration of 15 years, concluding on 30th November 2032. Interested providers should register and upload the necessary documentation through the procurement platform known as 'The Chest'.

This tender presents significant opportunities for businesses specialising in pension services, particularly those equipped to manage defined contribution schemes. Small and medium-sized enterprises (SMEs) would be well-suited to compete for this contract, as the buyer encourages participation from them. Companies that can demonstrate expertise in negotiation and management of pension funds, alongside suitable regulatory compliance, stand to gain from this contract, especially those looking to establish long-term relationships with local councils and enhance their market presence in the public sector.

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Notice Title

16 099 Pension Scheme

Notice Description

Cheshire East Residents First Limited (CERF) group of companies is seeking a provider of a defined contribution pension scheme.In order to participate, providers must register, complete and upload completed procurement documentation via the Chest at http://www.the-chest.org.uk/ - the project reference on The Chest is DN282384 Additional information: To provide a Defined Contribution Pension Scheme for use by employees within the Cheshire East ResidentsFirst (CERF) Ltd group of companies (100% wholly owned by Cheshire East Council). The agreement put inplace is intended to last for a maximum of 15 years, from 1st December 2017 until 30th November 2032. Note that the estimated value provided, is based on fees only, no guarantee is given as to the value of the fund.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-beb60691-7183-49fa-be2a-795d9537912d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a99a5af6-16ba-44ab-8053-3e29666fc578
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£550,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Aug 20178 years ago
Submission Deadline
4 Sep 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2017 - 30 Nov 2032 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CHESHIRE EAST BOROUGH COUNCIL (CHESHIRE EAST RESIDENTS FIRST LTD)
Contact Name
Louise Fenn
Contact Email
louise.fenn@cheshireeast.gov.uk
Contact Phone
+44 1270686454

Buyer Location

Locality
SANDBACH
Postcode
CW11 1HZ
Post Town
Crewe
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD62 Cheshire East
Delivery Location
TLD North West (England)

Local Authority
Cheshire East
Electoral Ward
Sandbach Town
Westminster Constituency
Congleton

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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