Tender

2324-0112 Further Competition under the National LGPS Framework for Pensions Administration Software

ISLINGTON

This public procurement record has 1 release in its history.

Tender

07 Aug 2024 at 11:29

Summary of the contracting process

Islington Council has initiated a tender process for the contract titled "2324-0112 Further Competition under the National LGPS Framework for Pensions Administration Software," focusing on pension services. The procurement, classified under the CPV code 66520000, is in the Tender stage with key deadline on 2nd September 2024 and the contract period running from 1st October 2024 to 30th September 2029. This procurement process is selective, involving a call-off from a framework agreement, and covers services for Council employees and other participating organisations within the Local Government Pensions Scheme (LGPS). The tender is valued at £1,820,000 and is not specifically aimed at SMEs or VCSEs, with procurement relevant to various locations including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom.

This tender presents a significant opportunity for businesses specialising in pensions administration software, particularly those capable of handling comprehensive administrative tasks such as estimates, transfers, retirements, and policy implementation. Companies with substantial experience and robust technical capabilities in this sector may find this contract beneficial for business growth, given the lengthy contract period and substantial funding. The contract's broad geographical reach also allows for potential market expansion, making it suitable for large, established firms that can operate on an international scale.

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Notice Title

2324-0112 Further Competition under the National LGPS Framework for Pensions Administration Software

Notice Description

The Pensions Team is responsible for the administration of the Local Government Pensions Scheme (LGPS) for Council employees and employees of other organisations that have chosen to participate in the Scheme.The work of this team includes all aspects of pension's administration, assisting in matters of interpretation of the scheme, policy implementation and the processing of estimates, transfers, retirements, divorces, and deaths.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-efd6db14-41cb-4ef6-8be6-0b8137097fc7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/827f5bfd-fdc3-482d-8af5-c2163baa5cbc
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£1,820,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20241 years ago
Submission Deadline
2 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2024 - 30 Sep 2029 Over 5 years
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
ISLINGTON
Contact Name
Islington Council
Contact Email
procurement@islington.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
N1 2UD
Post Town
North London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified

Local Authority
Islington
Electoral Ward
St Mary's & St James'
Westminster Constituency
Islington South and Finsbury

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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