Award

Members of the Senedd Pension Scheme -Third-party administration

SENEDD CYMRU / WELSH PARLIAMENT

This public procurement record has 2 releases in its history.

Award

17 Sep 2024 at 12:48

Tender

08 Dec 2023 at 16:14

Summary of the contracting process

The Senedd Commission is seeking a third-party pension scheme administrator for the Members of the Senedd Pension Scheme. This tender, identified as 1242/AD, falls under the services category within the pension services industry. The procurement method used is a restricted procedure, ensuring a selective and thorough vetting of potential suppliers. The tender period concludes on 10th January 2024, with invitations to the second stage dispatched by 15th January 2024. The principal location for the contract is Cardiff, within the region of UKL22.

This tender presents notable opportunities for businesses specialising in pension services, including group pension, pension fund management, and pension consultancy services. Companies that can offer high-quality administration with a keen understanding of the Members of the Senedd Pension Scheme are strongly encouraged to compete. Given the selective nature of the procurement process, suppliers need to ensure they meet stringent economic and technical criteria outlined in the procurement documents, opening doors for significant business growth and long-term contracts with a prominent public body.

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

Members of the Senedd Pension Scheme -Third-party administration

Notice Description

The Senedd Commission ("the Commission") are seeking to appoint a third-party pension scheme administrator (TPA) to undertake the administration of the Members of the Senedd Pension Scheme (the Scheme).

Lot Information

Lot 1

The Senedd Commission ("the Commission") are seeking to appoint a third-party pension scheme administrator (TPA) to undertake the administration of the Members of the Senedd Pension Scheme (the Scheme).

Renewal: Up to a maximum of a further 60 Months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0422ee
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029694-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£365,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£110,583 £100K-£500K

Notice Dates

Publication Date
17 Sep 20241 years ago
Submission Deadline
10 Jan 2024Expired
Future Notice Date
Not specified
Award Date
18 Jul 20241 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

Contracting Authority (Buyer)

Main Buyer
SENEDD CYMRU / WELSH PARLIAMENT
Contact Name
Not specified
Contact Email
alexander.dalton@senedd.wales
Contact Phone
+44 3002006265

Buyer Location

Locality
CARDIFF
Postcode
CF99 1SN
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
TLL22 Cardiff and Vale of Glamorgan

Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

BROADSTONE CORPORATE BENEFITS

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-0422ee-2024-09-17T13:48:48+01:00",
    "date": "2024-09-17T13:48:48+01:00",
    "ocid": "ocds-h6vhtk-0422ee",
    "description": "(WA Ref:131051) (WA Ref:143493)",
    "initiationType": "tender",
    "tender": {
        "id": "1242/AD",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Members of the Senedd Pension Scheme -Third-party administration",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66520000",
            "description": "Pension services"
        },
        "mainProcurementCategory": "services",
        "description": "The Senedd Commission (\"the Commission\") are seeking to appoint a third-party pension scheme administrator (TPA) to undertake the administration of the Members of the Senedd Pension Scheme (the Scheme).",
        "value": {
            "amount": 365000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "The Senedd Commission (\"the Commission\") are seeking to appoint a third-party pension scheme administrator (TPA) to undertake the administration of the Members of the Senedd Pension Scheme (the Scheme).",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "See Tender Documents for Criterion",
                            "type": "quality",
                            "description": "60"
                        },
                        {
                            "type": "price",
                            "description": "40"
                        }
                    ]
                },
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "Up to a maximum of a further 60 Months"
                },
                "secondStage": {
                    "minimumCandidates": 5,
                    "maximumCandidates": 5
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "status": "cancelled"
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66522000",
                        "description": "Group pension services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66141000",
                        "description": "Pension fund management services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66523000",
                        "description": "Pension fund consultancy services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKL22"
                    },
                    {
                        "region": "UKL22"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://etenderwales.bravosolution.co.uk/home.html",
        "documents": [
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            }
        ],
        "contractTerms": {
            "performanceTerms": "Selection Criteria as outlined in the Procurement Documents"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Restricted procedure",
        "coveredBy": [
            "GPA"
        ],
        "tenderPeriod": {
            "endDate": "2024-01-10T12:00:00Z"
        },
        "secondStage": {
            "invitationDate": "2024-01-15T00:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en",
                "cy"
            ]
        },
        "hasRecurrence": false
    },
    "parties": [
        {
            "id": "GB-FTS-5909",
            "name": "Senedd Cymru / Welsh Parliament",
            "identifier": {
                "legalName": "Senedd Cymru / Welsh Parliament"
            },
            "address": {
                "streetAddress": "Senedd Cymru / Welsh Parliament, Ty Hywel, Cardiff Bay",
                "locality": "Cardiff",
                "region": "UKL22",
                "postalCode": "CF99 1SN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 3002006265",
                "email": "Alexander.Dalton@senedd.Wales",
                "url": "https://etenderwales.bravosolution.co.uk/home.html"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "url": "http://www.senedd.wales.org/abthome/abt-procurement.htm",
                "buyerProfile": "https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0424",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "BODY_PUBLIC",
                        "description": "Body governed by public law"
                    },
                    {
                        "scheme": "COFOG",
                        "description": "Devolved Legislation"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-111",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-124490",
            "name": "BROADSTONE CORPORATE BENEFITS LIMITED",
            "identifier": {
                "legalName": "BROADSTONE CORPORATE BENEFITS LIMITED"
            },
            "address": {
                "streetAddress": "100 Wood Street",
                "locality": "London",
                "region": "UKI",
                "postalCode": "EC2V7AN",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 1612361330"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-5909",
        "name": "Senedd Cymru / Welsh Parliament"
    },
    "language": "en",
    "awards": [
        {
            "id": "029694-2024-1242-1",
            "relatedLots": [
                "1"
            ],
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-124490",
                    "name": "BROADSTONE CORPORATE BENEFITS LIMITED"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "029694-2024-1242-1",
            "awardID": "029694-2024-1242-1",
            "status": "active",
            "value": {
                "amount": 110583,
                "currency": "GBP"
            },
            "dateSigned": "2024-07-19T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 3
            },
            {
                "id": "2",
                "measure": "smeBids",
                "relatedLot": "1",
                "value": 0
            },
            {
                "id": "3",
                "measure": "foreignBidsFromEU",
                "relatedLot": "1",
                "value": 0
            },
            {
                "id": "4",
                "measure": "foreignBidsFromNonEU",
                "relatedLot": "1",
                "value": 3
            },
            {
                "id": "5",
                "measure": "electronicBids",
                "relatedLot": "1",
                "value": 3
            }
        ]
    }
}