Tender

PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme

DEPARTMENT FOR INTERNATIONAL DEVELOPMENT

This public procurement record has 1 release in its history.

Tender

17 Aug 2020 at 10:40

Summary of the contracting process

The Department for International Development (DFID), located in East Kilbride, United Kingdom, is currently conducting a public procurement process for an agreement titled "PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme". This procurement falls under the services category, specifically related to foreign economic-aid-related services, with a total contract value of up to £600,000. The open procurement method is being utilised for this tender, which is in the Tender stage and has a deadline for submissions set for 16th September 2020. The contract is expected to commence on 29th January 2021 and will run for one year until 28th January 2022.

This tender presents significant opportunities for businesses, particularly those experienced in financial services and pension management. Companies looking to grow will benefit from understanding the needs of overseas pensioners, as well as the capacity to manage disbursement of a contract that supports over 1,200 existing pensioners, although no new entries into the scheme are anticipated. This may attract larger firms with experience in similar contracts, although smaller businesses may still find opportunities for partnership or subcontracting roles to effectively compete in this procurement process.

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Notice Title

PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme

Notice Description

DFID is seeking a supplier registered with the Financial Conduct Authority (FCA) to manage and disburse pension payments (valued up to PS8.2 million) to be disbursed over two years to pensioners covered by overseas services agreements. There are currently 1,273 monthly and 423 quarterly paid pensioners in receipt of this pension. There are no new pensioners joining this scheme and the average age is around 87 years. The pensioner population is declining each year.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ec7fdbc1-950d-4c48-9385-b2de117f595d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/56210077-cf76-4b3d-9da3-08c4babd7c8a
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20205 years ago
Submission Deadline
15 Sep 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
29 Jan 2021 - 28 Jan 2022 6-12 months
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
DEPARTMENT FOR INTERNATIONAL DEVELOPMENT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G75 8EA
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
Not specified

Local Authority
South Lanarkshire
Electoral Ward
East Kilbride West
Westminster Constituency
East Kilbride and Strathaven

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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