Award

SLC Pension & Financial Reporting

STUDENT LOANS COMPANY LIMITED

This public procurement record has 1 release in its history.

Award

25 Mar 2020 at 16:30

Summary of the contracting process

The procurement process titled "SLC Pension & Financial Reporting" has been initiated by the Student Loans Company Limited, based in Darlington, England. This contract falls under the industry category of pension services (CPV code: 66520000) and is valued at £25,000. The procurement method used is a direct approach, specifically a single tender action, as this project is below the threshold for competitive tendering. The tender period closed on 10 March 2020, with the contract period commencing from 26 March 2020 and concluding on 25 March 2021.

This tender represents a significant opportunity for businesses specialising in pension services, particularly those with experience in actuarial valuations and financial reporting. As Mercer Limited has been awarded the contract, other firms that offer similar consultancy and administration services may find opportunities to collaborate or compete for future contracts in this sector. Engaging with the Student Loans Company Limited for related services could lead to further growth and partnership possibilities.

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Notice Title

SLC Pension & Financial Reporting

Notice Description

Acturial valuation of the SLC Pension Scheme and specific financial information required to publish accurate accounts and report Directors remuneration in the Annual Report. Mercer are currently the SLC Pension Scheme administrators and so SLC must obtain this information from them.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c500d968-ea91-4b89-8cfe-64cddcce33a6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f77b9f2e-2cbf-475c-8055-460332f9efd7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20205 years ago
Submission Deadline
10 Mar 2020Expired
Future Notice Date
Not specified
Award Date
23 Mar 20205 years ago
Contract Period
26 Mar 2020 - 25 Mar 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
STUDENT LOANS COMPANY LIMITED
Contact Name
susan butcher
Contact Email
susan_butcher@slc.co.uk
Contact Phone
01412433482 ext 33482

Buyer Location

Locality
DARLINGTON
Postcode
DL1 1RW
Post Town
Darlington
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC33 Darlington
Delivery Location
TLM Scotland

Local Authority
Darlington
Electoral Ward
Red Hall & Lingfield
Westminster Constituency
Darlington

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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