Professional Trustee services for the AWE Pension Scheme

AWE

There is 1 contract in this contracting process.

Summary of the contracting process

AWE PLC, in conjunction with AWE Pension Trustees Limited, is seeking professional trustee services for the AWE Pension Scheme. The procurement process, initiated on 20th August 2024, is currently in the tender stage. This contract involves appointing a supplier to provide a chairperson, an Investment Committee (IC) Chair, and a Governance and Operations Committee (GOC) representative. It covers the services under the industry category of "Pension services." The procurement follows a selective method through a restricted procedure and will have an initial contract period of 5 years with a potential 2-year extension. The tender submission deadline is set for 20th September 2024, and invitations for the second stage will be issued on 11th October 2024. The procurement is valued at £1,200,000 and is applicable within the UK.

This tender presents significant opportunities for businesses specialising in pension services, especially those capable of providing high-level trustee and governance expertise. Companies with strong backgrounds in managing pension schemes and committee leadership roles would be well-suited for this contract. Successful bidders could benefit from a long-term engagement with a prominent national agency, strengthening their portfolio and opening doors to further public sector opportunities. The procurement's focus on professional trustee services aims to enhance the governance and operational efficiency of the AWE pension trustee board, ensuring robust and compliant management of the pension scheme's responsibilities.

This is an AI-generated summary 🚀

How useful is this summary?

Tender

Professional Trustee services for the AWE Pension Scheme

AWE

Contract Timeline

Publication Date

20th August 2024 09:50:49 AM

Tender Deadline

20th September 2024 16:00:00 PM Expired
Contract Summary

This procurement is for the appointment of a supplier to provide a chairperson, Investment Committee (IC) Chair and Governance and Operations Committee (GOC) representative for the AWE pension trustee board via a PCR compliant route. The contract will be for an initial period of 5 years with an option to extend for a further 2 years. The services being procured as part of this contract are for the benefit of both AWE Plc and AWE Pension Trustees Limited, and both Contracting Authorities are within the scope of this Contract.
Contract Details

Open Contracting ID

ocds-h6vhtk-049204

Publication Source

Find a Tender Service

Procurement Stage

Tender

Procurement Method

Selective

Procurement Method Details

Restricted Procedure

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66520000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

AWE

Buyer Name

Buyer Email

AWEProcurement@awe.co.uk

Buyer Phone

Buyer Address

Reading

RG7 4PR

United Kingdom

View contract on Find a Tender Service

Professional Trustee services for the AWE Pension Scheme

AWE

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority