Award

Actuarial, Administration and Employer advice

GENERAL MEDICAL COUNCIL (GMC)

This public procurement record has 1 release in its history.

Award

20 Jan 2021 at 17:45

Award Notice
Summary of the contracting process

The procurement process entails the General Medical Council (GMC) seeking bids for actuarial, administrative, and employer advice services as part of a review of its service providers. This open tender was initiated to ensure high-quality service and value for money for the GMC Staff Superannuation Scheme. The tender period ended on 16th July 2020, and the contract was awarded on 18th December 2020, with an estimated value of £3,500,000. The contract spans from 1st January 2021 to 20th September 2023, covering regions in North West and London, United Kingdom, within the services industry category.

This tender presents lucrative opportunities for businesses specialising in actuarial and administrative services, particularly those with experience in managing similar-sized pension schemes. Companies that can provide comprehensive solutions encompassing all three service areas outlined in the tender will be well-suited to compete. As the contract is active until September 2023, potential suppliers can align their offerings with the GMC's needs to foster business growth in the public sector.

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Notice Information

Notice Title

Actuarial, Administration and Employer advice

Notice Description

The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers to ensure that it continues to receive a high quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are inviting service providers to bid for the provision of:- Actuarial services- Administrative service- Employer Advice service.Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dda8345d-127a-4f4d-958a-9fb0447df7ab
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1d3845a1-4f35-46e0-a776-45b629e233a3
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£3,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20215 years ago
Submission Deadline
16 Jul 2020Expired
Future Notice Date
Not specified
Award Date
18 Dec 20205 years ago
Contract Period
1 Jan 2021 - 20 Sep 2023 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GENERAL MEDICAL COUNCIL (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
TLD North West (England), TLI London
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
1
Supplier Name

AON HEWITT

Further Information

Notice Documents

Notice URLs

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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