Notice Information
Notice Title
CA300 (2025) - Provision of Pension Accounting Advisory Services and management of pension liabilities, including advising the company in relation to triennial scheme funding valuations
Notice Description
NIE Networks wishes to enter into a Framework Agreement with one suitably qualified and experienced organisation to provide management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. The service provider will provide a primary point of contact for NIE Networks. The Framework will be established for an initial period of 5 years with an option (exercisable entirely at NIE Network's Discretion) to extend for up to 3 further years (a maximum of 8 years).
Lot Information
Lot 1
NIE Networks wishes to enter into a Framework Agreement with one suitably qualified and experienced organisation to provide management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. The service provider will provide a primary point of contact for NIE Networks. NIE Networks have a requirement for an experienced pension advisor to provide the following services (assignments) to the company three times in each annual period to meet International Accounting Standard 19 'Employee Benefits' (IAS 19) requirements for a) annual published accounts, b) interim published accounts and c) published regulatory accounts: * Formal terms of reference for each exercise, * Provision of advice and methodology in relation to financial and demographic assumptions to be used in IAS19 exercises, * Discussion with the company of approach to each exercise including assumption setting and accounting treatment of various items, * Provision of IAS19 calculations and disclosure requirements, * Preparation of formal reports to meet all IAS19 reporting and disclosure requirements In addition to the pension accounting services, additional advisory services are required so that the company can meet its requirements in managing pension liabilities, including advice in relation to triennial scheme funding valuations, reviewing the investment strategy of the scheme and implementing the scheme's long-term funding objectives. The Framework will be established for an initial period of 5 years with an option (exercisable entirely at NIE Network's Discretion) to extend for up to 3 further years (a maximum of 8 years).
Options: The Framework Agreement period is 5 (five) years with the option, exercisable exclusively by NIE Networks, to extend the Framework Agreement for up to a further 3 (three) years.
Renewal: The Framework Agreement period is 5 (five) years with the option, exercisable exclusively by NIE Networks, to extend the Framework Agreement for up to a further 3 (three) years.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-04e637
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/001960-2026
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Negotiated procedure with prior call for competition
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66520000 - Pension services
66522000 - Group pension services
66523000 - Pension fund consultancy services
66523100 - Pension fund administration services
Notice Value(s)
- Tender Value
- £890,000 £500K-£1M
- Lots Value
- £890,000 £500K-£1M
- Awards Value
- Not specified
- Contracts Value
- £890,000 £500K-£1M
Notice Dates
- Publication Date
- 9 Jan 20261 months ago
- Submission Deadline
- 25 Mar 2025Expired
- Future Notice Date
- Not specified
- Award Date
- 12 Dec 20252 months ago
- Contract Period
- Not specified - Not specified
- Recurrence
- 96 months
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- NORTHERN IRELAND ELECTRICITY NETWORKS
- Additional Buyers
- Contact Name
- Charlotte Mercier
- Contact Email
- charlotte.mercier@nienetworks.co.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- BELFAST,
- Postcode
- BT9 5HT
- Post Town
- Northern Ireland
- Country
- Northern Ireland
-
- Major Region (ITL 1)
- Not specified
- Basic Region (ITL 2)
- Not specified
- Small Region (ITL 3)
- Not specified
- Delivery Location
- TLN Northern Ireland
-
- Local Authority
- Electoral Ward
- Westminster Constituency
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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