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Professional Trustee services for the AWE Pension Scheme

AWE PLC

This public procurement record has 1 release in its history.

Tender

20 Aug 2024 at 10:50

Tender Notice
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.

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Notice Information

Notice Title

Professional Trustee services for the AWE Pension Scheme

Notice Description

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.

Lot Information

Lot 1

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.

Options: The contract will be for an initial period of 5 years with an option to extend for a further 2 years.

Renewal: The contract will be for an initial period of 5 years with an option to extend for a further 2 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049204
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026426-2024
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£1,200,000 £1M-£10M
Lots Value
£1,200,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20242 years ago
Submission Deadline
20 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
AWE PLC
Additional Buyers

AWE PENSION TRUSTEES LIMITED

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
READING
Postcode
RG7 4PR
Postcode Area
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified
Local Authority
West Berkshire
Electoral Ward
Aldermaston
Westminster Constituency
Reading West and Mid Berkshire

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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