Award

Actuarial, Benefits and Governance Consultancy Services

LONDON BOROUGH OF SUTTON

This public procurement record has 1 release in its history.

Award

04 Oct 2021 at 12:42

Award Notice
Summary of the contracting process

The London Borough of Sutton has completed the procurement process for the contract titled "Actuarial, Benefits and Governance Consultancy Services", primarily aimed at supporting the Local Government Pension Scheme. The procurement was conducted as a tender, with an estimated total contract value of £300,000, divided equally between Sutton and the Royal Borough of Kingston. The contract, awarded to Hymans Robertson LLP and Aon Solutions UK Limited, commenced on 1st October 2021 and runs until 30th September 2025, with an option to extend for an additional two years. The purchase falls under the financial and insurance services category, and the tender was concluded on 4th June 2021.

This tender presents an opportunity for businesses specialising in actuarial and benefits consultancy services to engage with local government entities, fostering growth and collaboration in the public sector. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete for similar contracts, as they can offer tailored services and agile solutions. Companies offering expertise in pension fund management and related financial services will find this environment conducive to forming strategic partnerships and expanding their market reach.

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Notice Information

Notice Title

Actuarial, Benefits and Governance Consultancy Services

Notice Description

Actuarial, Benefits and Governance Consultancy Services Primarily in Support of the Local Government Pension Scheme (NCCT40954). National LGPS Frameworks for: Lot 1 - Actuarial Services and Lot 2 - Benefits Consultancy. The contract is awarded by the London Borough of Sutton. The service will be provided to both the London Borough of Sutton and the Royal Borough of Kingston. Additional information: The contract value is an estimate based on both the London Borough of Sutton spending PS150,000 and Royal Borough of Kingston spending PS150,000 giving a contract total of PS300,000, but this may vary between councils. The original term is four years but there is an option extend for an additional two years (24 months).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca901841-6dad-443f-a786-4b90376423b6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c317e976-fb94-4134-944e-8503d904bc41
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 -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20214 years ago
Submission Deadline
4 Jun 2021Expired
Future Notice Date
Not specified
Award Date
27 Jun 20214 years ago
Contract Period
30 Sep 2021 - 30 Sep 2025 4-5 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
LONDON BOROUGH OF SUTTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
2
Supplier Names

AON SOLUTIONS

HYMANS ROBERTSON

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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