Tender

Pension and Actuarial Advisory Services

TRANSPORT FOR LONDON

This public procurement record has 1 release in its history.

Tender

15 Sep 2023 at 10:53

Summary of the contracting process

The procurement process for the tender opportunity titled "Pension and Actuarial Advisory Services" is being run by Transport for London, a regional or local authority in the United Kingdom. This tender falls under the industry category of services and involves providing advice, consultation, negotiation, and reporting for certain pension arrangements over a 6-year period with options for extension. The procurement method is an open procedure, with the deadline for submissions set for October 16, 2023, and the award period starting the same day.

This tender presents an opportunity for businesses specialized in insurance and pension services to compete for a long-term contract with Transport for London. Suppliers interested in this opportunity can access the tender pack by emailing ilvacunka@tfl.gov.uk and register on the e-Tendering portal SAP Ariba. The contract includes provisions for electronic ordering and allows for electronic invoicing. Business entities with expertise in pension advisory services and a focus on delivering high-quality consultancy to public sector organisations are well-suited to pursue and potentially secure this procurement contract.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Pension and Actuarial Advisory Services

Notice Description

Procurement run by Transport for London. Requirement for a Service Provider to provide advice, consultation, negotiation and reporting for certain pension arrangements where Transport for London (or its subsidiaries) is either the principal employer or participating employer. The procurement process is being conducted electronically on the e-Tendering portal SAP Ariba. The portal can be accessed via the following link: (https://www.ariba.com/login) Suppliers interested in this tender opportunity please email ilvacunka@tfl.gov.uk to be added to the suppliers list and to access tender pack. To register on SAP Ariba, please use the following link: https://s1-eu.ariba.com/Sourcing/Main/aw?awh=r&awssk=GW1gHIU8&realm=TfL&dard=1

Lot Information

Lot 1

To provide Pension and Actuarial Advisory Services to Transport for London and its subsidiaries for a period of 6 years, with an option to extend by a further 1 year

Options: Option to extend by up to further 12 months

Renewal: Option to extend by up to further 12 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03fcfc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027318-2023
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

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

Notice Dates

Publication Date
15 Sep 20232 years ago
Submission Deadline
16 Oct 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Estimated timing for further notices to be published: A new procurement is estimated to be run in early 2029 or, should the contract extension options are exercised, in early 2030

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TRANSPORT FOR LONDON
Contact Name
Ilva Cunka
Contact Email
ilvacunka@tfl.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-03fcfc-2023-09-15T11:53:24+01:00",
    "date": "2023-09-15T11:53:24+01:00",
    "ocid": "ocds-h6vhtk-03fcfc",
    "initiationType": "tender",
    "tender": {
        "id": "TfL 96359",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Pension and Actuarial Advisory Services",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "66500000",
            "description": "Insurance and pension services"
        },
        "mainProcurementCategory": "services",
        "description": "Procurement run by Transport for London. Requirement for a Service Provider to provide advice, consultation, negotiation and reporting for certain pension arrangements where Transport for London (or its subsidiaries) is either the principal employer or participating employer. The procurement process is being conducted electronically on the e-Tendering portal SAP Ariba. The portal can be accessed via the following link: (https://www.ariba.com/login) Suppliers interested in this tender opportunity please email ilvacunka@tfl.gov.uk to be added to the suppliers list and to access tender pack. To register on SAP Ariba, please use the following link: https://s1-eu.ariba.com/Sourcing/Main/aw?awh=r&awssk=GW1gHIU8&realm=TfL&dard=1",
        "lots": [
            {
                "id": "1",
                "description": "To provide Pension and Actuarial Advisory Services to Transport for London and its subsidiaries for a period of 6 years, with an option to extend by a further 1 year",
                "contractPeriod": {
                    "durationInDays": 2160
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "Option to extend by up to further 12 months"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": true,
                "options": {
                    "description": "Option to extend by up to further 12 months"
                },
                "status": "active"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "UKI"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://s1-eu.ariba.com/Sourcing/Main/aw?awh=r&awssk=GW1gHIU8&realm=TfL&dard=1",
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-10-16T12:00:00+01:00"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ],
            "bidValidityPeriod": {
                "durationInDays": 180
            }
        },
        "awardPeriod": {
            "startDate": "2023-10-16T13:00:00+01:00"
        },
        "bidOpening": {
            "date": "2023-10-16T13:00:00+01:00"
        },
        "hasRecurrence": true,
        "contractTerms": {
            "hasElectronicOrdering": true,
            "electronicInvoicingPolicy": "allowed"
        },
        "recurrence": {
            "description": "Estimated timing for further notices to be published: A new procurement is estimated to be run in early 2029 or, should the contract extension options are exercised, in early 2030"
        }
    },
    "parties": [
        {
            "id": "GB-FTS-14777",
            "name": "Transport for London",
            "identifier": {
                "legalName": "Transport for London",
                "noIdentifierRationale": "notOnAnyRegister"
            },
            "address": {
                "streetAddress": "5 ENDEAVOUR SQUARE",
                "locality": "LONDON",
                "region": "UKI",
                "postalCode": "E201JN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Ilva Cunka",
                "email": "ilvacunka@tfl.gov.uk",
                "url": "https://s1-eu.ariba.com/Sourcing/Main/aw?awh=r&awssk=GW1gHIU8&realm=TfL&dard=1"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.tfl.gov.uk",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "REGIONAL_AUTHORITY",
                        "description": "Regional or local authority"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-6187",
            "name": "Transport for London",
            "identifier": {
                "legalName": "Transport for London"
            },
            "address": {
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-14777",
        "name": "Transport for London"
    },
    "language": "en"
}