Tender

Defined Benefit Administration Services

SCOTIA GAS NETWORKS LIMITED

This public procurement record has 1 release in its history.

Tender

03 Sep 2021 at 14:53

Summary of the contracting process

The procurement process involves Scotia Gas Networks Limited, seeking Defined Benefit Administration Services, primarily within the pension fund management services industry. Located in Horley, UK, the tender is currently at the active stage of the procurement process, employing a selective method that follows a negotiated procedure with a prior call for competition. The submission deadline is set for 17 September 2021, and the contract duration is anticipated to be 1080 days, with potential for renewal after an initial three-year period.

This tender represents a significant opportunity for businesses specialising in pension fund administration and related services to expand their operations. Companies with expertise in providing high-quality administrative and secretariat services for pension schemes would be well-positioned to compete for this contract. Given Scotia Gas Networks Limited's well-funded scheme and the integration of electronic submission methods, businesses should leverage their capabilities in managing complex pension arrangements to fulfil the requirements outlined in the tender.

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Notice Title

Defined Benefit Administration Services

Notice Description

SGN operates a closed defined benefit (final salary) pension arrangement which is registered in the UK and governed by a Trustee Board. The Scheme is currently administered by SSE Pensions, by their in-house Team in Perth, and the Scheme Actuary is Hymans Robertson LLP. The Scheme has been in force in its current form since 2005. It has assets of cPS1.3bn, is relatively well funded, and is looking for a high quality administrative and secretariat service to operate from autumn 2022.

Lot Information

Lot 1

Management and Administration of Defined Benefits pension Scheme

Options: Possibility of initial contract being extended by up to 24 months

Renewal: Renewal to be discussed after initial three year period

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02dd09
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021914-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Sep 20214 years ago
Submission Deadline
17 Sep 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SCOTIA GAS NETWORKS LIMITED
Contact Name
Stephen Knight
Contact Email
stephen.knight2@sgn.co.uk
Contact Phone
Not specified

Buyer Location

Locality
HORLEY
Postcode
RH6 9HJ
Post Town
Redhill
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ26 East Surrey
Delivery Location
Not specified

Local Authority
Reigate and Banstead
Electoral Ward
Horley Central & South
Westminster Constituency
Dorking and Horley

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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