Tender

independent review of the Annual Valuation

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Tender

10 Nov 2020 at 10:29

Summary of the contracting process

The Pension Protection Fund is currently conducting a tender for an independent review of the Annual Valuation, aimed at ensuring the reasonableness of the valuation results and methodology. This procurement, classified under insurance and pension services, has an estimated value of £47,840. The contract period commences on 1 November 2020 and will conclude on 31 October 2023. The tender process, which falls under the selective procurement method, closed on 21 September 2020, and the successful bidder will be expected to operate across various delivery addresses, including the United Kingdom and British Overseas Territories.

This tender presents significant opportunities for firms specialising in valuation services, particularly those with experience in the insurance and pensions sector. Businesses, especially small and medium-sized enterprises (SMEs), that can demonstrate expertise in conducting independent reviews and providing assurance on valuation methodologies would be well-suited to compete. Engaging in this contract could enhance a firm’s portfolio and reputation, providing a foothold in the public sector while contributing to the financial health of pension schemes.

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Notice Title

independent review of the Annual Valuation

Notice Description

A firm to undertake a review of the annual valuation to provide assurance to the Board that both the results and approach taken are reasonable. The lowest value stated is for a single year. The awarded value stated is an estimate based on 3 years at lowest estimated cost. This figure may differ slightly from the actual cost as it will be T&M and in coming years the review may require slightly less or more work.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cd486a53-5a62-4048-8f06-0adaeb7438dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9dd1c508-3d3f-4745-bf4a-7bba0e00816a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£47,840 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Nov 20205 years ago
Submission Deadline
20 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2020 - 31 Oct 2023 2-3 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
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
Not specified

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

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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