Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

AHDB Actuarial Services

AHDB

This public procurement record has 2 releases in its history.

Award

06 Aug 2021 at 22:44

Award Notice
Tender

25 Mar 2021 at 22:56

Tender Notice
Summary of the contracting process

The AHDB (Agriculture and Horticulture Development Board) is currently involved in the procurement process for Actuarial Services, encompassing two specific lots: Actuarial Advice and IAS19 Calculation. Located in Kenilworth, UK, this procurement is categorised under actuarial services within the services sector. The procurement method is an open procedure, and key dates include the end of the tender period on 30 April 2021, which was followed by the award period beginning on the same date. This tender is part of AHDB’s ongoing efforts to manage two legacy Defined Benefit pension schemes they sponsor, providing essential actuarial advice and calculations based on prevailing pensions accounting legislation.

This opportunity is ideal for businesses specialising in actuarial services, particularly those with experience in pension fund management and regulatory compliance. With a competitive tender process, firms that can demonstrate expertise in actuarial advice, pricing strategies, and compliance with IAS19 regulations would be well-positioned to submit bids. Moreover, the structure of the procurement allows for potential extensions and ongoing relationships, creating avenues for sustained business growth within the public sector.

How relevant is this notice?

Notice Information

Notice Title

AHDB Actuarial Services

Notice Description

The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary. AHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan ("HGCA Plan") and the Meat and Livestock Commission Pension Scheme ("MLC Scheme"). The procurement was split into two Lots: - Lot 1 - Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme - Lot 2 - IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.

Lot Information

Actuarial Advice

Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services

Options: 3 years +1+1+1

Renewal: Initial term of 3 years, with the option to extend for an option three 12 month extension periods (3+1+1+1).

IAS19 Calculation

IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).

Options: 2 years +1+1

Renewal: 2 year initial term with the option to extend for a further two 12 month extensions (2+1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-029f7d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019129-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
Not specified
Lots Value
£360,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£160,000 £100K-£500K

Notice Dates

Publication Date
6 Aug 20215 years ago
Submission Deadline
30 Apr 2021Expired
Future Notice Date
Not specified
Award Date
1 Aug 20215 years ago
Contract Period
1 Aug 2021 - 30 Jun 2023 1-2 years
Recurrence
01/01/2023

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

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

Buyer Location

Locality
KENILWORTH
Postcode
CV8 2TL
Postcode Area
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
Not specified
Local Authority
Warwick
Electoral Ward
Cubbington & Leek Wootton
Westminster Constituency
Kenilworth and Southam

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer Ltd

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...