Award

Pension administration - ESPS

MAGNOX LTD

This public procurement record has 1 release in its history.

Award

27 Jul 2023 at 09:46

Summary of the contracting process

The procurement process for the tender titled "Pension administration - ESPS" was awarded to Railpen Limited by Magnox Ltd. The procurement method used was a direct procurement with a single tender action below the threshold. The contract value is £3,000,000 GBP with a contract period starting on September 1, 2023, and ending on August 31, 2027. The tender was related to pension services and had a tender period ending on August 31, 2023.

This tender for pension administration services provides an opportunity for businesses interested in providing services in the pension industry. Companies with expertise in pension services and administration would be well-suited to compete for this tender. Magnox Ltd, the buying organization, aimed to procure these services through a direct procurement method, ensuring a streamlined process for awarding the contract to Railpen Limited. The contract period provides a long-term engagement opportunity for the successful supplier to deliver the required services.

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Notice Title

Pension administration - ESPS

Notice Description

A pension administration service provider for the Electricity Supply Pension Scheme (ESPS) .

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/029ac1b4-fff2-4bf0-a23c-900d1b4ec29e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
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
£3,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20232 years ago
Submission Deadline
31 Aug 2023Expired
Future Notice Date
Not specified
Award Date
27 Jul 20232 years ago
Contract Period
31 Aug 2023 - 31 Aug 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
MAGNOX LTD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
THORNBURY
Postcode
BS35 1RQ
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK52 Bath & North East Somerset and South Gloucestershire
Delivery Location
Not specified

Local Authority
South Gloucestershire
Electoral Ward
Severn Vale
Westminster Constituency
Thornbury and Yate

Supplier Information

Number of Suppliers
1
Supplier Name

RAILPEN

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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