Award

PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme

FOREIGN, COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

19 Feb 2021 at 09:15

Summary of the contracting process

The Foreign, Commonwealth and Development Office (FCDO) is overseeing the procurement process for the "PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme," which falls under the category of foreign economic-aid-related services. This tender is currently in the Award stage, having been completed with a contract value of £600,000 for a duration of 24 months, with an option to extend for an additional 24 months. The procurement process was conducted as an open procedure, inviting competitive bids to manage and disburse pension payments for overseas service agreements. The contract was signed on 29 January 2021, and the service will be delivered at designated locations in the UK.

This tender presents a significant opportunity for businesses involved in financial services, particularly those with the capacity to manage and administer pension disbursements. Competitors must demonstrate their qualifications and capabilities, including relevant registrations with the Financial Conduct Authority and the Bank of England Prudential Regulations Authority. With only one bid submitted for this contract, businesses that provide similar administrative services are well-positioned to engage in future tenders from the FCDO, potentially expanding their service offerings within the international development sector.

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Notice Title

PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme

Notice Description

This service contract is to provide administration services to, and the disbursement of pension payments to entitled pensioners. This contract is for 24 months with the option to extend for a further 24 months and up to another PS600,000 subject to approvals. FCDO reserves the right to scale back or discontinue this programme at any point in line with FCDO Standard Terms and Conditions and contract documents.

Lot Information

Lot 1

Through a competitive tender for a supplier to manage and disburse pension payments for overseas service agreements. This procurement will take place through the EU OJEU Open Procedure. FCDO encouraged interest and participation from suppliers with the appropriate capability and capacity as outlined in the tender documents including the relevant registration through the Financial Conduct Authority and the Bank of England Prudential Regulations Authority or equivalent. Suppliers that are interested in the opportunity registered on the FCDO Supplier Portal https://fcdo.proactisportal.com

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-029461
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003321-2021
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
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75211200 - Foreign economic-aid-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£600,000 £500K-£1M

Notice Dates

Publication Date
19 Feb 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Jan 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
FOREIGN, COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Fiona Crawford
Contact Email
fiona-crawford@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
EAST KILBRIDE
Postcode
G75 8EA
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM95 South Lanarkshire
Delivery Location
TLM95 South Lanarkshire

Local Authority
South Lanarkshire
Electoral Ward
East Kilbride West
Westminster Constituency
East Kilbride and Strathaven

Supplier Information

Number of Suppliers
1
Supplier Name

CROWN AGENTS BANK

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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