Award

Contract for the Provision of A Pensions Administration and Pensioner Payroll Service

SOUTH WALES POLICE

This public procurement record has 3 releases in its history.

AwardUpdate

11 Mar 2021 at 17:59

Award

11 Mar 2021 at 10:59

Tender

15 Jan 2020 at 11:27

Summary of the contracting process

The South Wales Police have awarded a contract titled "Contract for the Provision of A Pensions Administration and Pensioner Payroll Service" valued at £2,500,000. This procurement falls under the category of pension services and was executed through an open procedure, suitable for all suppliers above the specified financial threshold. The contract period began on 9 March 2021 and will run until 8 March 2026, while the tender for this contract was published on 15 January 2020, and the tender period ended on 14 February 2020. All services are to be delivered in Wales.

This contract presents significant opportunities for businesses specialised in pension administration and payroll services, particularly those with prior experience working within the framework of police pensions regulations. Firms anticipating growth in similar sectors or those aiming to expand into public sector contracts will find this procurement a fitting match. Additionally, businesses familiar with the relevant legislative requirements and that can demonstrate good practice in pensions administration will be particularly well suited to compete for similar contracts in the future.

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Notice Title

Contract for the Provision of A Pensions Administration and Pensioner Payroll Service

Notice Description

The Police and Crime Commissioners for Gwent, South Wales and North Wales require the provision of a Pension Administration and Pensioner Payroll Service. The tender documents can be accessed via https://etenderwales.bravosolution.co.uk Additional information: The Contractor shall; Provide the Service in accordance with the principles of good pensions administration practice outlined by, including but not limited to, the Pension Regulator and the Police Pensions Act 1976 and as defined in the Police Pensions Regulations 1987 (as amended) and the 2006 & 2015 Schemes Transitional Regulations, Compensation Scheme and Home Office guidance on Police Pension Scheme as amended from time to time throughout Contract Period; Have previous experience of working under the Police Pensions Regulations 1987 (as amended) and the 2006 & 2015 Schemes Transitional Regulations, Compensation Scheme;

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d4c08b58-9ce3-4e04-90c1-684c7da28dff
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6a65311a-d797-4d82-b3c9-4e2dbacd9822
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above 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
£2,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20214 years ago
Submission Deadline
14 Feb 2020Expired
Future Notice Date
Not specified
Award Date
9 Mar 20214 years ago
Contract Period
9 Mar 2021 - 8 Mar 2026 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
SOUTH WALES POLICE
Contact Name
https://etenderwales.bravosolution.co.uk
Contact Email
alyson.howe@south-wales.pnn.police.uk
Contact Phone
01656762931 ext 20851

Buyer Location

Locality
BRIDGEND
Postcode
CF31 3SU
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL Wales

Local Authority
Bridgend
Electoral Ward
Brackla East and Coychurch Lower
Westminster Constituency
Bridgend

Supplier Information

Number of Suppliers
1
Supplier Name

XPS ADMINISTRATION

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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