Tender

Climate Scenario Data

GOVERNMENT ACTUARY'S DEPARTMENT

This public procurement record has 1 release in its history.

Tender

07 Mar 2025 at 14:29

UK4 - Tender Notice
Summary of the contracting process

The Government Actuary's Department is seeking to procure climate scenario data to support its actuarial advice work. This project, titled "Climate Scenario Data," falls under the industry category of Data Supply Services (CPV Code: 72319000) and is located in the United Kingdom. The procurement is currently in the Tender stage, with bids due by 10th March 2025. The contract period will begin on 24th March 2025, and there is an option for a 12-month renewal. The estimated contract value is £65,000, with a maximum gross amount of £78,000. The procurement method is an open competition under the below-threshold procurement process.

This tender presents significant business growth opportunities for providers of climate and financial data services. Businesses specializing in economic and financial forecasting, with a robust portfolio of climate scenarios and an understanding of macroeconomic variables, would be well-suited to compete. Providers need to supply a broad range of data, including various asset classes, country-level and sector-specific granularity, and compatibility with existing economic scenario data from Moody's. The successful supplier will also need to offer substantial support for using the data, with considerations for data usability in public advisory contexts. The tender aligns well for firms equipped to deliver detailed, high-quality climate scenario data and provide ongoing support.

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Notice Information

Notice Title

Climate Scenario Data

Notice Description

The contracting authority is looking to procure a set of climate scenarios that articulate the impact of climate change on the assumptions that it makes as part of it's actuarial advice work. The climate scenarios will articulate adjustments to financial assumptions - including asset returns (such as returns on equities or bonds), inflation indices (e.g. CPI and wages) and economic variable (e.g. GDP etc). The data will include a range of climate scenarios - for example under different levels of global warming or different speeds of policy response.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04ea92
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008368-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72319000 - Data supply services

Notice Value(s)

Tender Value
£65,000 Under £100K
Lots Value
£65,000 Under £100K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Mar 202511 months ago
Submission Deadline
10 Mar 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
24 Mar 2025 - 23 Mar 2026 6-12 months
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
GOVERNMENT ACTUARY'S DEPARTMENT
Contact Name
Not specified
Contact Email
gadcommercial@gad.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Further Information

Notice Documents

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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