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TD2117- Shared Cost Additional Voluntary Contributions (Pension)

DERBY CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

25 Apr 2024 at 11:29

Award Notice
Award

15 Apr 2024 at 10:47

Award Notice
Summary of the contracting process

DERBY CITY COUNCIL awarded a contract for Shared Cost Additional Voluntary Contributions (Pension) through a limited procurement process. The council observed a 10-day standstill period following the Award procedure without prior publication of a call for competition. The contract, valued at £149,040 GBP, was signed on 15th April 2024. The opportunity was in the human resources management consultancy services' category, with the main procurement category being services. The contract will commence on 1st June 2024.

This tender for Shared Cost AVCs offers business growth possibilities for entities specializing in pension-related consultancy services. As the tender on pension contributions exemption from Income Tax and National Insurance, businesses adept in financial and tax services could also find potential opportunities. The contracting authority, DERBY CITY COUNCIL, is the buyer. The procurement stage was an Award procedure without prior publication, seeking a recognised provider, currently AVC Wise, due to the absence of competition for technical reasons.

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Notice Information

Notice Title

TD2117- Shared Cost Additional Voluntary Contributions (Pension)

Notice Description

Shared Cost AVC's are a salary sacrifice scheme offered to employees who are members of the Local Government Pension Scheme.

Lot Information

Lot 1

To provide Local Government Pension scheme members the option to join a Shared Cost AVC salary sacrifice scheme to enable the employee to build an additional pot of money alongside their LG pension contributions that is exempt from Income Tax and National Insurance, with the potential to take it all as a tax-free lump sum on retirement.

Options: Initial contract term of 3 years plus an option to extend for 2 x 12 months, contract to commence 01/06/2024

Procurement Information

AVC Wise is currently the only recognised provider of this service.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-045225
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013410-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79414000 - Human resources management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£149,040 £100K-£500K

Notice Dates

Publication Date
25 Apr 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
15 Apr 20242 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
DERBY CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Postcode Area
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF11 Derby
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

AVC Wise

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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