Tender

Provision of Sole Pension Trustee Services

OFCOM

This public procurement record has 1 release in its history.

Tender

12 Mar 2021 at 07:17

Tender Notice
Summary of the contracting process

The procurement process is initiated by OFCOM for the provision of Sole Pension Trustee Services. This tender falls under the category of pension services and is located in London, England. It is currently in the active tender stage, with a closing deadline set for 12th April 2021. The estimated value of the contract is between £150,000 and £450,000, with a contract period commencing on 31st July 2021 and extending until 31st December 2026. The procurement method adopted for this contract is a selective procedure, which is restricted and above the threshold.

This tender presents an opportunity for firms specialising in pension trustee services and secretarial support, particularly those with experience in managing pension plans. Small and medium-sized enterprises (SMEs) are particularly well-suited to engage in this tender, as the contracting authority is open to their participation. This creates a viable pathway for SMEs to contribute effectively to the management of pension schemes, thereby fostering business growth within this sector.

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Notice Information

Notice Title

Provision of Sole Pension Trustee Services

Notice Description

Ofcom has a requirement for a professional pensions trustee to take over from the retiring Board of Trustees the running of the Ofcom (former ITC) Staff Pension Plan ('the Plan') in an effective and efficient manner, balancing the interests of members and Ofcom as required by the Trust Deed and the law. In addition, experienced secretarial support services are required for both the ITC Plan and the Ofcom Defined Benefit Pension Plan ('the Ofcom Plan').

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dab5bb40-5325-4be2-9f08-75e42a8c3ba9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b22ba9d3-7448-4b7e-bc80-a84ee7e183d4
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20214 years ago
Submission Deadline
12 Apr 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jul 2021 - 31 Dec 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFCOM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 9HA
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
TLI London
Local Authority
Southwark
Electoral Ward
Borough & Bankside
Westminster Constituency
Bermondsey and Old Southwark

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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