Award

Shared Additional Voluntary Contributions Scheme

DERBY CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

16 Mar 2021 at 13:28

Award

12 Feb 2021 at 15:01

Summary of the contracting process

Derby City Council is seeking to contract services for a Shared Additional Voluntary Contributions (AVCs) Scheme, classified under administration services. This procurement process is currently at the award stage, having concluded on 12 February 2021, with the contract valued at £30,000. The aim is to implement a fully managed solution for AVCs, with a contract duration anticipated to commence in spring/summer 2021 and run for 36 months. The service will facilitate employee pension savings while generating National Insurance savings for both employees and the Council. The procurement method used is limited, specifically through a negotiated process without prior publication of a call for competition.

This tender presents a significant opportunity for businesses specialising in employee benefits administration, particularly those that can provide comprehensive digital solutions for managing applications and payroll data. Companies with the capability to deliver fully integrated systems that optimise cost efficiencies and comply with regulatory requirements would be well-positioned to compete. The expected growth in participants within the AVC scheme could result in increased market demand for such services over the contract duration.

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Notice Title

Shared Additional Voluntary Contributions Scheme

Notice Description

Additional Voluntary Contributions(AVCs) services, as a fully managed solution including a dedicated website, incorporating an administration facility to fully manage employee applications and salary sacrifice data

Lot Information

Lot 1

Additional Voluntary Contributions (AVCs) allow employees to build up extra pension savings for retirement. The Local Government Pension Scheme (LGPS) has a provision within its regulations to allow an employee to enter into an agreement in which the employer can decide to also contribute to their employee's AVC arrangement thus allowing for a salary sacrifice arrangement to be established. The introduction of a Shared Cost AVC scheme would generate National Insurance savings for both the employee and the employer. The service provider will deliver a fully managed solution including a dedicated website, incorporating an administration facility to fully manage employee applications and salary sacrifice data. The fee will be paid out of the National Insurance savings made by Derby City Council from colleagues participating in the scheme. It is anticipated that numbers in the scheme will increase over time so whilst the charges each month could increase so would the savings. Additional information: The contract value has been based on estimated demand across the contract duration. It is proposed to consider procurement options for a replacement longer term contract 18 to 30 months into the proposed contract duration. The Council intends the new contract to commence from spring/summer 2021 and run for 36 months.

Procurement Information

The Council understands only one service provider can offer a fully managed solution, including a dedicated website, incorporating an administration facility to fully manage employee applications and salary sacrifice data, without additional costs and data sharing/processing arrangements i.e. operational requirements, implementation activities and costs would make alternative bidders uncompetitive.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0292d1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005301-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

75100000 - Administration services

79631000 - Personnel and payroll services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£30,000 Under £100K

Notice Dates

Publication Date
16 Mar 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Feb 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
DERBY CITY COUNCIL
Contact Name
Andrew Grover
Contact Email
procurement@derby.gov.uk
Contact Phone
+44 1332640768

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF11 Derby

Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE

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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