Award

Cordoba Agreement Pension Scheme.

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 4 releases in its history.

Award

03 Nov 2025 at 14:23

Tender

02 Dec 2024 at 14:04

TenderUpdate

15 Aug 2024 at 12:52

Planning

09 Aug 2024 at 15:03

Summary of the contracting process

The procurement process for the "Cordoba Agreement Pension Scheme" was conducted by the Foreign Commonwealth and Development Office (FCDO), located in London, UK. This tender is classified under the pension services industry (CPV: 66520000) and involves the administration and payment of pensions to approximately 900 overseas pensioners under the scheme. The procurement concluded with the awarding of a contract to CROWN AGENTS BANK LIMITED, with an active contract signed on 6th October 2025. The procurement followed an open procedure and was covered by the Government Procurement Agreement (GPA). This service is vital for the coordination with the Government of Gibraltar, requiring suppliers to maintain a robust working relationship and possess familiarity with the Gibraltar Pension Ordinances.

This tender presents significant opportunities for businesses in the financial services sector, particularly those with expertise in pension fund management and overseas financial operations. Firms that are well-versed in collaborating with government bodies and exhibit the capability to handle complex financial transactions in multiple currencies would find this opportunity promising for growth. Companies already registered with the Financial Conduct Authority (FCA) and possessing the resources to engage in the required high-standard service provision are ideally suited to compete for such contracts, leveraging this as a strategic entry or expansion point in government-related financial services.

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

Cordoba Agreement Pension Scheme.

Notice Description

The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

Lot Information

Lot 1

The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement.

Renewal: Initial Term of 4 years plus 3 optional 1 year extensions

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048990
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070490-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning 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

66520000 - Pension services

66521000 - Individual pension services

Notice Value(s)

Tender Value
£18,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,037,610 £1M-£10M

Notice Dates

Publication Date
3 Nov 20253 months ago
Submission Deadline
17 Dec 2024Expired
Future Notice Date
25 Nov 2024Expired
Award Date
5 Oct 20254 months ago
Contract Period
31 Jul 2025 - 31 Jul 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Technical/Quality
Contact Email
cpg.enquiries@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CROWN AGENTS BANK

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-048990-2025-11-03T14:23:40Z",
    "date": "2025-11-03T14:23:40Z",
    "ocid": "ocds-h6vhtk-048990",
    "initiationType": "tender",
    "tender": {
        "id": "Project 11366 ITT 6797",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Cordoba Agreement Pension Scheme.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66520000",
            "description": "Pension services"
        },
        "mainProcurementCategory": "services",
        "description": "The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.",
        "value": {
            "amount": 18000000,
            "currency": "GBP"
        },
        "lots": [
            {
                "id": "1",
                "description": "The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement.",
                "status": "cancelled",
                "contractPeriod": {
                    "startDate": "2025-08-01T00:00:00+01:00",
                    "endDate": "2029-07-31T23:59:59+01:00"
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "Initial Term of 4 years plus 3 optional 1 year extensions"
                },
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "hasOptions": false,
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Technical/Quality",
                            "type": "quality",
                            "description": "70"
                        },
                        {
                            "name": "Price",
                            "type": "cost",
                            "description": "30"
                        }
                    ]
                }
            }
        ],
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66521000",
                        "description": "Individual pension services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UKI"
                    },
                    {
                        "region": "UK"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "deliveryLocation": {
                    "description": "Gibraltar"
                },
                "relatedLot": "1"
            }
        ],
        "communication": {
            "futureNoticeDate": "2024-11-25T00:00:00Z"
        },
        "coveredBy": [
            "GPA"
        ],
        "amendments": [
            {
                "id": "1",
                "unstructuredChanges": [
                    {
                        "oldValue": {
                            "text": "Pension fund management and welfare checks in Gibraltar. The FCDO Commercial team is seeking feedback from the market and wish to understand Suppliers capability and appetite to deliver an end to end pension assessment and administration to those identified in the description field."
                        },
                        "newValue": {
                            "text": "The FCDO Commercial team is seeking feedback from the market and wish to understand Suppliers capability and appetite to deliver an end to end pension assessment and administration to those identified in the description field."
                        },
                        "where": {
                            "section": "II.2.4) Description"
                        }
                    },
                    {
                        "oldValue": {
                            "text": "Cordoba Agreement Pension Scheme"
                        },
                        "newValue": {
                            "text": "Cordoba Agreement and Gibraltar Social Insurance Fund (GSIF) Pension Schemes"
                        },
                        "where": {
                            "section": "II.1.1) Title"
                        }
                    }
                ],
                "description": "Anticipated desired contract length up to 10 yrs due to the nature of this requirement but subject to further discussion and amendments. We are issuing this PIN for information about a possible upcoming tender opportunity. The FCDO are keen, to understand supply market capability, perspectives and gauge the interest and ability of suppliers to provide this service. If you feel this opportunity could be of interest to your company please reach out to Michelle.Dilkes@fcdo.gov.uk or Marie.Strandberg@fcdo.gov.uk."
            }
        ],
        "submissionMethod": [
            "electronicSubmission",
            "written"
        ],
        "submissionMethodDetails": "https://fcdo.bravosolution.co.uk/web/login.html",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "techniques": {
            "hasElectronicAuction": true
        },
        "tenderPeriod": {
            "endDate": "2024-12-17T17:00:00Z"
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "awardPeriod": {
            "startDate": "2024-12-17T18:00:00Z"
        },
        "bidOpening": {
            "date": "2024-12-17T18:00:00Z"
        },
        "hasRecurrence": false,
        "contractTerms": {
            "hasElectronicOrdering": true,
            "electronicInvoicingPolicy": "allowed",
            "hasElectronicPayment": true
        }
    },
    "parties": [
        {
            "id": "GB-FTS-131",
            "name": "Foreign Commonwealth and Development Office",
            "identifier": {
                "legalName": "Foreign Commonwealth and Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "region": "UK",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "email": "CPG.Enquiries@fcdo.gov.uk",
                "url": "https://fcdo.bravosolution.co.uk/web/login.html",
                "name": "Technical/Quality"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "url": "http://www.gov.uk/fcdo",
                "buyerProfile": "https://fcdo.bravosolution.co.uk/web/login.html",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "MINISTRY",
                        "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-8676",
            "name": "Centre for Effective Dispute Resolution (CEDR)",
            "identifier": {
                "legalName": "Centre for Effective Dispute Resolution (CEDR)"
            },
            "address": {
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "GB-FTS-165503",
            "name": "CROWN AGENTS BANK LIMITED",
            "identifier": {
                "legalName": "CROWN AGENTS BANK LIMITED"
            },
            "address": {
                "streetAddress": "The News Building",
                "locality": "London",
                "region": "UK",
                "postalCode": "SE1 9SG",
                "countryName": "United Kingdom"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        }
    ],
    "buyer": {
        "id": "GB-FTS-131",
        "name": "Foreign Commonwealth and Development Office"
    },
    "language": "en",
    "awards": [
        {
            "id": "070490-2025-ecm_7585-1",
            "relatedLots": [
                "1"
            ],
            "title": "Cordoba Agreement Pension Scheme",
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-165503",
                    "name": "CROWN AGENTS BANK LIMITED"
                }
            ]
        }
    ],
    "contracts": [
        {
            "id": "070490-2025-ecm_7585-1",
            "awardID": "070490-2025-ecm_7585-1",
            "title": "Cordoba Agreement Pension Scheme",
            "status": "active",
            "value": {
                "amount": 1037610,
                "currency": "GBP"
            },
            "dateSigned": "2025-10-06T00:00:00+01:00"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 1
            },
            {
                "id": "2",
                "measure": "electronicBids",
                "relatedLot": "1",
                "value": 1
            }
        ]
    }
}