Award

Long Term Risk Model (LTRM) 2

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

24 Mar 2020 at 09:49

Summary of the contracting process

The Pension Protection Fund has recently completed a procurement process for a contract titled "Long Term Risk Model (LTRM) 2," aimed at enhancing the IT services related to risk management. This contract, worth £1,355,008, falls under the industry category of IT services, specifically focusing on consulting, software development, and support. The procurement method used was a selective procedure involving competitive negotiations. The contract period commenced on 25th November 2019 and is set to last until 24th November 2029, while the tender was officially awarded on 25th November 2019, with the announcement being published on 24th March 2020.

This procurement presents significant opportunities for businesses specialising in IT services, particularly those with expertise in programming, systems analysis, and custom software development. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to consider competing for future opportunities in similar projects. The focus on a long-term risk model further suggests a preference for innovative solutions that can adapt and evolve within the context of pension risk management.

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Notice Title

Long Term Risk Model (LTRM) 2

Notice Description

The contract for the provision of a revamped Long Term Risk Model (LTRM 2) for the Pension Protection Fund (PPF)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c1877d66-24ab-4ff5-86c9-870cd191eec7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/82335b35-334e-4fab-8d29-6d2389028465
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support


CPV Codes

72000000 - IT services: consulting, software development, Internet and support

72210000 - Programming services of packaged software products

72211000 - Programming services of systems and user software

72230000 - Custom software development services

72240000 - Systems analysis and programming services

Notice Value(s)

Tender Value
£1,355,008 £1M-£10M
Lots Value
Not specified
Awards Value
£1,355,008 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20205 years ago
Submission Deadline
2 Sep 2019Expired
Future Notice Date
Not specified
Award Date
25 Nov 20196 years ago
Contract Period
25 Nov 2019 - 24 Nov 2029 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
PENSION PROTECTION FUND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

RPC CONSULTING

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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