Award

Teesside Pension Administration Service

MIDDLESBROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

31 Dec 2024 at 11:35

Award Notice
Summary of the contracting process

Middlesbrough Council has completed the procurement process for the "Teesside Pension Administration Service" under the Financial and insurance services category. The procurement followed an open procedure and covered the North East region of the United Kingdom. The tendering phase ended on 22nd August 2024, and the contract, valued at £7,893,668, has been awarded to Tyne and Wear Pension Fund. The contract period is set to start on 1st June 2025 and will run until 31st May 2029. This award was published on 31st December 2024.

This tender presents significant growth opportunities for businesses involved in financial and insurance services, particularly those that can offer robust pension fund administration services. SMEs and VCSEs are well-suited to compete for such contracts, given the suitability criteria of this tender. By engaging in this contract, businesses can enhance their portfolio and gain substantial experience working with local government entities, such as Middlesbrough Council, thereby strengthening their market presence.

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Notice Information

Notice Title

Teesside Pension Administration Service

Notice Description

The provision of Teesside Pension Fund Administration Service

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ee9a1ff7-995a-4a96-907e-1642acc998fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bac6802c-6165-4345-b772-a78f36ab6c21
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 (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£7,893,668 £1M-£10M
Lots Value
Not specified
Awards Value
£7,896,668 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
31 Dec 20241 years ago
Submission Deadline
22 Aug 2024Expired
Future Notice Date
Not specified
Award Date
26 Sep 20241 years ago
Contract Period
31 May 2025 - 31 May 2029 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
MIDDLESBROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MIDDLESBROUGH
Postcode
TS1 9FT
Post Town
Cleveland
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC3 Tees Valley
Small Region (ITL 3)
TLC32 South Teesside
Delivery Location
TLC North East (England)
Local Authority
Middlesbrough
Electoral Ward
Newport
Westminster Constituency
Middlesbrough and Thornaby East

Supplier Information

Number of Suppliers
1
Supplier Name

TYNE AND WEAR PENSION FUND

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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