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Scottish Enterprise Pension Advice

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

02 Aug 2022 at 09:16

Award Notice
Tender

07 Feb 2022 at 15:04

Tender Notice
Summary of the contracting process

The Scottish Enterprise, located in Glasgow, has completed the procurement process for pension services under the title "Scottish Enterprise Pension Advice." This procurement falls within the services industry category and was initiated as a tender, with an estimated contract value of £305,000. The contract will provide accounting, actuarial, and pension advice over a period of five years, starting from 1st August 2022 to 31st July 2027. The open procedure was used in this procurement method, and relevant bids were opened on 10th March 2022.

This tender presents substantial opportunities for firms specialised in pension and benefits consultancy, particularly those with expertise in accounting and actuarial advice. Businesses that can demonstrate experience in delivering similar services, especially as part of a consortium or with the capability to subcontract, would be well-positioned to compete for this contract. The long duration and specific needs outlined by Scottish Enterprise also allow for potential growth and sustained engagement in the sector, making it ideal for companies that can offer comprehensive solutions and maintain high-quality standards.

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Notice Information

Notice Title

Scottish Enterprise Pension Advice

Notice Description

Scottish Enterprise (SE) would like to invite tenders for the provision of accounting advice, actuarial advice and pension and benefits advice to the organisation which is independent of the Trustees' adviser, for a period of 5 years from 1st August 2022 to 31st July 2027. The Scottish Enterprise Pension and Life Assurance Scheme (SEPLAS) "the scheme", has it's own actuaries and advisers in place. The tender will be carried out through the Open process

Lot Information

Lot 1

Scottish Enterprise (SE) would like to invite tenders for the provision of accounting advice, actuarial advice and pension and benefits advice to the organisation which is independent of the Trustees' adviser (The SE Pension and Life Assurance Scheme (the Scheme) has its own Actuaries' and Advisers) for the period from 1st August 2022 to 31st July 2027. We intend to appoint a single supplier to provide this service. Scottish Enterprise will require the following services within the the scope of this contract: - Accounting advice and information - Pension and benefits support - Actuarial advice - Staff communications There will also be a degree of ad hoc work required, however the level of this cannot be determined or guaranteed. We plan to put a contract in place for a total of five years due to the timings of the next two 3-yearly valuations which will take place under this contract. Additional information: See attached ITT for full details

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03140e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021035-2022
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

66500000 - Insurance and pension services

66520000 - Pension services

Notice Value(s)

Tender Value
£305,000 £100K-£500K
Lots Value
£305,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£305,000 £100K-£500K

Notice Dates

Publication Date
2 Aug 20224 years ago
Submission Deadline
10 Mar 2022Expired
Future Notice Date
Not specified
Award Date
15 Jun 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
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Isio

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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