Award

CA300 (2025) - Provision of Pension Accounting Advisory Services and management of pension liabilities, including advising the company in relation to triennial scheme funding valuations

NORTHERN IRELAND ELECTRICITY NETWORKS

This public procurement record has 2 releases in its history.

Award

09 Jan 2026 at 15:12

Tender

21 Feb 2025 at 11:58

Summary of the contracting process

The public procurement process for CA300 (2025) involved the Northern Ireland Electricity Networks (NIE Networks) as the buying organisation, focusing on the provision of pension accounting advisory services and the management of pension liabilities. The procurement, classified under the CPV code for pension services, was conducted through a selective procurement method with a negotiated procedure after a prior call for competition. The contract location was specified in Northern Ireland, and the main category was services. The procurement process reached completion with an award made to Mercer Limited, with the contract signed on 12th December 2025 for a value of £890,000. This framework agreement spans an initial period of five years, with an option to extend for up to three more years, totalling a possible eight-year contract duration.

This tender presents significant opportunities for businesses specialising in pension services and consultancy to expand their operations and establish long-term contracts. It is particularly advantageous for organisations possessing expertise in managing pension liabilities and providing strategic advice on scheme funding valuations. The procurement's focus on high-quality services and competitive pricing criteria highlights that well-organised and financially competitive businesses are well-suited to tender for such contracts. The framework agreement entails repeat assignments and the opportunity to become a primary advisor to NIE Networks, making it an ideal proposition for both large-scale service providers and SMEs with relevant experience eager to broaden their client base and secure substantial contracts over several years.

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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.

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

Contracting Authority (Buyer)

Main Buyer
NORTHERN IRELAND ELECTRICITY NETWORKS
Additional Buyers

NORTHERN IRELAND ELECTRICITY NETWORKS LIMITED

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

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

Open Contracting Data Standard (OCDS)

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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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