Award

Pension Administration Software

SUFFOLK COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

18 Sep 2024 at 12:17

Summary of the contracting process

The procurement process for this contract involves Suffolk County Council, who has awarded a contract for the provision of pension administration software. The title of the contract is "Pension Administration Software," classified under pension fund administration services (CPV code 66523100), and it falls under the services category. The procurement is taking place in the region coded UKH14, corresponding to Suffolk, UK. The procurement stage is complete, as indicated by the award being active. Key dates include the signing of the contract on 17th September 2024. The procurement method was a limited process, negotiated without publication of a contract notice, due to the specific technical requirements that only one supplier could fulfil, as per statutory deadlines. The awarded contract is valued at £2,921,710 GBP and is set for a duration of five years for the use of the Altair Pensions Administration System.

This tender presents substantial business growth opportunities, particularly for companies specialising in pension administration software solutions. Organisations with expertise in handling complex pension administration requirements are well-suited to compete for such contracts in future rounds, given the specialised nature of the services required. Additionally, businesses that can demonstrate compliance with statutory deadlines and possess the necessary technical capabilities would be competitive. Given the significant contract value and extended contract duration, successful businesses can anticipate long-term revenue stability and the potential for further engagements with regional authorities like Suffolk County Council.

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Notice Title

Pension Administration Software

Notice Description

Provision of pensions administration software for use by Suffolk County Council

Lot Information

Lot 1

Suffolk County Council wishes to award a 5 year contract for the continued use of the Altair Pensions Administration System

Procurement Information

Engagement with suppliers on LGPS Framework for Pensions Administration Software has identified that currently no alternative suppliers can meet our requirement or statutory deadlines.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049bd6
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029832-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated without publication of a contract notice
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,921,710 £1M-£10M

Notice Dates

Publication Date
18 Sep 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SUFFOLK COUNTY COUNCIL
Contact Name
Gillian Glanville
Contact Email
gillian.glanville@suffolk.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
IPSWICH
Postcode
IP1 2BX
Post Town
Ipswich
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH6 Suffolk
Small Region (ITL 3)
TLH62 Ipswich
Delivery Location
TLH14 Suffolk CC

Local Authority
Ipswich
Electoral Ward
Gipping
Westminster Constituency
Ipswich

Supplier Information

Number of Suppliers
1
Supplier Name

HEYWOOD

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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