Award

Actuarial Services and Related Services

ROYAL BERKSHIRE FIRE AUTHORITY

This public procurement record has 1 release in its history.

Award

17 Jan 2024 at 17:43

Award Notice
Summary of the contracting process

The Royal Berkshire Fire Authority has awarded a contract for Actuarial Services and Related Services. The contract is valued at £50,000 and was awarded to Barnett Waddingham LLP. The contract period is from December 1, 2023, to March 31, 2028. The procurement method used was 'Other', and the tender deadline was November 30, 2023. The services fall under the main procurement category of services and are located in Reading, RG31 7SD, United Kingdom.

This tender for Actuarial Services and Related Services by the Royal Berkshire Fire Authority offers opportunities for businesses, especially those experienced in actuarial services. Small and medium-sized enterprises (SMEs) are suitable to compete. Businesses that can provide professional actuarial services in compliance with IAS 19 regulations and perform full membership valuations are well-suited to bid for this contract. The procurement process has already been completed, with Barnett Waddingham LLP winning the contract.

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Notice Information

Notice Title

Actuarial Services and Related Services

Notice Description

The Authority is required to produce the Statement of Accounts in accordance with proper practices as set out by the Accounts and Audit Regulations 2015. The firefighter's pension cost are assessed in accordance with the advice of a professionally qualified actuary, who is to provide the year end accounting disclosures in accordance with IAS 19. The Authority's requirement is for a full membership valuation and The Roll Forward Approach. The Authority utilised three quotes process price only evlaution to award the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e6254b2f-3df4-43ce-a3e0-45452555c75b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/715c94e3-0b7e-464b-817a-dac00c1515af
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

66519600 - Actuarial services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20242 years ago
Submission Deadline
30 Nov 2023Expired
Future Notice Date
Not specified
Award Date
17 Jan 20242 years ago
Contract Period
1 Dec 2023 - 31 Mar 2028 4-5 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
ROYAL BERKSHIRE FIRE AUTHORITY
Contact Name
Shuvham Bhandari
Contact Email
bhandaris@rbfrs.co.uk
Contact Phone
+44 11899384739

Buyer Location

Locality
READING
Postcode
RG31 7SD
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified
Local Authority
West Berkshire
Electoral Ward
Tilehurst Birch Copse
Westminster Constituency
Reading West and Mid Berkshire

Supplier Information

Number of Suppliers
1
Supplier Name

BARNETT WADDINGHAM

Further Information

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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