Award

Invitation to Participate in a Further Competition under the Actuarial, Benefits and Governance Consultancy Services Framework Agreement (NCCT41941)

AVON PENSION FUND

This public procurement record has 2 releases in its history.

Tender

10 Feb 2022 at 11:39

Award

10 Feb 2022 at 11:37

Summary of the contracting process

The Avon Pension Fund has initiated a public procurement process titled "Invitation to Participate in a Further Competition under the Actuarial, Benefits and Governance Consultancy Services Framework Agreement (NCCT41941)", which is categorised under the industry of Insurance and Pension Services. This process is currently complete, with a contract period that commenced on 1st April 2022 and will run until 31st March 2027. The tender's total value is £102,000, and the procurement was conducted using an open procedure, with the tender period concluding on 22nd September 2021. The proposal is relevant across various locations including the United Kingdom, European territories, and overseas territories.

This tender presents significant opportunities for businesses specialising in actuarial and benefit consultancy services, particularly those classified as small or medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). Companies with expertise in financial consulting, risk assessment, and governance strategies can benefit from competing in this space, particularly given the long contract duration which provides a stable income opportunity. Engaging with the Avon Pension Fund can also enhance business visibility and establish long-term partnerships in the public sector.

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Notice Title

Invitation to Participate in a Further Competition under the Actuarial, Benefits and Governance Consultancy Services Framework Agreement (NCCT41941)

Notice Description

Actuarial Services & Benefit Consultancy Services

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f2afc3c2-4545-4a3d-a32d-f7f9674db5ce
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/938fe49f-10d4-440b-b875-98fd3e9461d8
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Other -
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£102,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20224 years ago
Submission Deadline
22 Sep 2021Expired
Future Notice Date
Not specified
Award Date
19 Nov 20214 years ago
Contract Period
31 Mar 2022 - 31 Mar 2027 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
AVON PENSION FUND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BATH
Postcode
BA1 1JG
Post Town
Bath
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
Bath and North East Somerset
Electoral Ward
Kingsmead
Westminster Constituency
Bath

Supplier Information

Number of Suppliers
1
Supplier Name

MERCIA

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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