Tender

GPS Energy Solutions Section of the Combined Nuclear Pension Plan

INTERNATIONAL NUCLEAR SERVICES LTD

This public procurement record has 1 release in its history.

Tender

07 Mar 2019 at 16:30

Summary of the contracting process

The procurement process involves the International Nuclear Services Ltd, which is seeking tenders for the project titled "GPS Energy Solutions Section of the Combined Nuclear Pension Plan." This initiative, classified under the Financial and Insurance Services sector (CPV 66000000), is located in the United Kingdom and is currently in the Tender stage. The tender was published on 7th March 2019 and will close on 16th April 2019, with the contract expected to commence on 13th May 2019 and last for one year, concluding on 12th May 2020. The estimated value of the contract is £25 million, with a minimum value of £24 million, and the procurement method used is an open procedure.

This tender presents significant opportunities for businesses aiming to expand in the financial services and insurance sectors, particularly those experienced in pension planning and management. Companies specialising in providing financial solutions or bulk annuities would be well-matched to compete for this contract. The involvement of the Nuclear Decommissioning Authority as the Lead Company further indicates a unique opportunity for businesses with a proficiency in handling complex pension schemes associated with the nuclear sector.

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Notice Title

GPS Energy Solutions Section of the Combined Nuclear Pension Plan

Notice Description

This procurement is being undertaken by the Trustee of the Combined Nuclear Pension Plan ("the Trustee"). It relates to liabilities in respect of the GPS Energy Solutions Section of the Combined Nuclear Pension Plan ("the Section" and "the Plan" respectively). The Plan is a multi-employer final salary pension arrangement with a separate ring-fenced section for each employer or employment group. The Nuclear Decommissioning Authority (NDA), while not an employing entity is the Lead (Principal) Company for many of the sections. This annuity is only in respect of the Section (the EnergySolutions EU Limited section), although the Plan may seek to secure further bulk annuities for other sections in future.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dce547be-1a19-4cd6-aee7-46be799af490
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7c04669a-e6a8-4a19-8ed0-fba1235fb27f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£25,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 20196 years ago
Submission Deadline
16 Apr 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 May 2019 - 12 May 2020 1-2 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
INTERNATIONAL NUCLEAR SERVICES LTD
Contact Name
David cook
Contact Email
david.cook@nda.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MOOR ROW
Postcode
CA24 3HU
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified

Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

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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