Award

GB-London: OPA T338 Employment Benefit & Financial Management Services

THE OIL AND PIPELINES AGENCY

This public procurement record has 1 release in its history.

Award

13 May 2020 at 11:50

Award Notice
Summary of the contracting process

The procurement process involves The Oil and Pipelines Agency seeking to engage a company for Employment Benefit & Financial Management Services through an open tender. The contract, valued at £50,000, is classified under human resources management consultancy services and extends from 13 May 2020 to 12 April 2024, with the possibility of two additional one-year extensions. The tender period concluded on 12 May 2020, and the existing contract has been awarded to Verum Financial LLP, which will provide support in managing and improving employee benefits. The location for this contract encompasses the United Kingdom and various British overseas territories.

This procurement presents valuable opportunities for businesses in the financial management and consultancy sectors, particularly those specialising in employee benefits and pension schemes. Small and medium enterprises (SMEs) would be well-suited to participate, as the buying organisation is open to working with such operators. Firms capable of delivering comprehensive financial advice and management services should consider competing for future tenders in this area, potentially facilitating growth through sustained engagements with public sector clients.

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Notice Information

Notice Title

GB-London: OPA T338 Employment Benefit & Financial Management Services

Notice Description

The OPA are looking for an Employee Benefits Financial Management company, with an Independent Financial Advisor, to support it with managing and improving our employee benefits offering for both the OPA and its employees. The initial term will be for two years with an option to extend for a further two 12 month periods. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. The initial year is for two years subject to a further two twelve month extensions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ea4b38cc-f640-442e-877c-4f24a290f36e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/31d143e0-4c60-4071-842b-ecd72feae224
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

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

75310000 - Benefit services

75320000 - Government employee pension schemes

79412000 - Financial management consultancy services

79414000 - Human resources management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
13 May 20205 years ago
Submission Deadline
12 May 2020Expired
Future Notice Date
Not specified
Award Date
11 May 20205 years ago
Contract Period
12 May 2020 - 12 Apr 2024 3-4 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
THE OIL AND PIPELINES AGENCY
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
SW1H 9EX
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

VERUM FINANCIAL

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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