Award

Mantle Pension Valuation Software

GOVERNMENT ACTUARY DEPARTMENT

This public procurement record has 1 release in its history.

Award

04 Jul 2024 at 15:38

Summary of the contracting process

The Government Actuary Department has awarded a contract to provide licensing for Mantle Pension Valuation Software. The contract, valued at £996,436 GBP, involves maintaining member records and benefit calculations for pension schemes. The procurement method used was selective, with a call-off from a framework agreement. The contract period runs from March 1, 2024, to February 29, 2028. The procurement stage was an award, with the award date being December 12, 2023. The buying organisation, the Government Actuary Department, is located in London, United Kingdom. The industry category for this contract is industry-specific software packages.

This tender for Mantle Pension Valuation Software can provide opportunities for businesses, particularly SMEs and VCSEs, in the services sector. Companies involved in providing software applications for maintaining records and benefit calculations for pension schemes would be well-suited to compete. The contract period allows for long-term business planning and service provision, aligning with the Authority's business operations. Businesses interested in participating should consider the selective procurement method and the specific industry focus on software packages for pension schemes.

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Notice Title

Mantle Pension Valuation Software

Notice Description

Contract to provide licensing for Mantle Pension Valuation Software. Mantle Services Ltd makes available certain software applications to subscribers via the internet for the purpose of maintaining member records and benefit calculations for pension schemes, allowing the creation and maintenance of a common membership and calculations database that may be used for the provision of administration, actuarial and investment services. The Authority wishes to use the software service in its business operations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e1227298-40b3-4f69-b4c8-d39938f3330b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/90082491-36df-49a4-943d-a927b2b59cf8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems


CPV Codes

48100000 - Industry specific software package

Notice Value(s)

Tender Value
£996,436 £500K-£1M
Lots Value
Not specified
Awards Value
£996,436 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jul 20241 years ago
Submission Deadline
16 Feb 2024Expired
Future Notice Date
Not specified
Award Date
12 Dec 20232 years ago
Contract Period
1 Mar 2024 - 29 Feb 2028 4-5 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
GOVERNMENT ACTUARY DEPARTMENT
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
E14 4BU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

SOFTCAT

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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