Award

Pension Administration Software and Hosting

GLOUCESTERSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

23 Apr 2024 at 12:55

Summary of the contracting process

The Gloucestershire County Council has awarded a contract for Pension Administration Software and Hosting. The procurement process began with a tender initiated by the council. The contract falls under the services category with a value of £3,615,540. The contract period starts on June 17, 2024, and extends until June 16, 2034. The tender period ended on November 3, 2023. The buying organisation, Gloucestershire County Council, based in Gloucester, United Kingdom, has awarded the contract to Heywood Pensions Technologies Limited.

This contract presents business growth opportunities for companies specializing in pension fund administration services. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete for this tender. Businesses located in England, United Kingdom, can benefit from engaging in this procurement process. The contract duration of 7 years, with a possible extension for an additional 3 years, offers a stable and long-term project for successful bidders, making it an attractive opportunity for firms looking to expand their service offerings in the pensions administration sector.

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Notice Title

Pension Administration Software and Hosting

Notice Description

Contract for Pensions Administration System Contract term - 7 years with an option to extend for a further 3 years. Please note the extension is stated within contract date above.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dc711300-e01b-4f34-a872-fd98e8136d9e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7aa26240-2d6f-4c01-b53c-a2c919cfa75f
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

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£3,615,540 £1M-£10M
Lots Value
Not specified
Awards Value
£3,615,540 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 20241 years ago
Submission Deadline
3 Nov 2023Expired
Future Notice Date
Not specified
Award Date
22 Apr 20241 years ago
Contract Period
16 Jun 2024 - 16 Jun 2034 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
GLOUCESTERSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLOUCESTER
Postcode
GL1 2TG
Post Town
Gloucester
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK73 Gloucestershire CC
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
Gloucester
Electoral Ward
Westgate
Westminster Constituency
Gloucester

Supplier Information

Number of Suppliers
1
Supplier Name

HEYWOOD PENSIONS TECHNOLOGIES

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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