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Economic Scenario Model (ESM)

The Board of the Pension Protection Fund

This public procurement record has 4 releases in its history.

TenderUpdate

21 May 2024 at 16:41

Tender Notice
Award

10 Mar 2022 at 22:45

Award Notice
Tender

27 Jul 2021 at 18:14

Tender Notice
TenderUpdate

15 Apr 2021 at 22:55

Tender Notice
Summary of the contracting process

The Pension Protection Fund (PPF) has initiated a tender process for the Economic Scenario Model (ESM) under an open procedure. The buying organisation, The Board of the Pension Protection Fund, located in Croydon, UK, is seeking software package and information systems in the goods category. The contract involves the development of additional modules, including ALM, Climate, and ECF Liability, with an updated value of £1,534,253.85 excluding VAT. Key dates include the submission deadline and new dates for certain sections following amendments, enhancing opportunities for businesses in the software industry.

This tender by the PPF for the Economic Scenario Model (ESM) presents growth opportunities for businesses specialised in software package and information systems. The contract, based on the Public Contracts Regulations 2015, supports the continuous development needs of the PPF within a changing market. The procurement stage is significant for businesses aiming to provide bespoke solutions and services within the digital software sector. Businesses offering innovative technologies, ongoing system developments, and flexibility to meet evolving market demands are well-suited to compete in this procurement process.

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Notice Information

Notice Title

Economic Scenario Model (ESM)

Notice Description

The Pension Protection Fund (PPF) awarded a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure.

Lot Information

Lot 1

The PPF procured a licence and associated services for an Economic Scenario Model (ESM) for use in assumption-generation for a range of medium and long-term modelling. The solution provides a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects. The outputs also facilitate the projection of the liabilities of the PPF and those of the pension schemes it protects.

Options: Please refer to Appendix 1 - Specifications for potential additional services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a5d2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016072-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

65 - Public utilities

CPV Codes

48000000 - Software package and information systems

65000000 - Public utilities

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,115,410 £1M-£10M

Notice Dates

Publication Date
21 May 20242 years ago
Submission Deadline
12 May 2021Expired
Future Notice Date
Not specified
Award Date
15 Feb 20224 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The Board of the Pension Protection Fund
Additional Buyers

Pension Protection 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
CROYDON
Postcode
CR0 2NA
Postcode Area
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI62 Croydon
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

Ortec Finance Ltd

Further Information

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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