Award

Pensions actuarial support

NUCLEAR DECOMMISSIONING AUTHORITY

This public procurement record has 2 releases in its history.

Award

09 Apr 2025 at 09:20

UK6 - Contract Award Notice
Award

08 Apr 2025 at 13:54

UK5 - Transparency Notice
Summary of the contracting process

The procurement process for pensions actuarial support has been initiated by the Nuclear Decommissioning Authority (NDA). This contract pertains to providing pensions actuarial advice to help manage the NDA group's pension schemes and liabilities. The contract, valued at £300,000, has been directly awarded to the Government Actuary’s Department, following government policy to utilise public sector entities when available. The procurement method was a direct award and the overall industry category is services. The contract execution starts on 23rd April 2025 and ends on 31st March 2026, operating in Cumbria within the UKD11 region.

This tender opens avenues for firms, particularly those competent in actuarial services within the pension sector, to engage with government entities like the NDA. The direct award process highlights opportunities for collaboration and cost-effective solutions that public service organisations offer. Although large departments primarily benefit, such contracts showcase potential for organisations with similar expertise to align their strategies and capabilities to attract future engagements. The challenge encourages actuarial firms familiar with government dealings to leverage their knowledge and deliver competitive services at par with public expectations.

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Notice Information

Notice Title

Pensions actuarial support

Notice Description

Pensions actuarial advice to the NDA to support NDA's management of NDA group's pension schemes and liabilities.

Procurement Information

GAD provide actuarial advice within Government and charge for their advice. As a government department, GAD do not aim to make a profit, and their fee rates are designed to cover their costs only and hence are significantly lower than comparable private sector fee rates. Government policy is that departments and other bodies should not buy externally when there is a public sector entity that can provide the advice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04fef5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013862-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Apr 202510 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Apr 202510 months ago
Contract Period
23 Apr 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Not specified
Contact Email
raluca.colbon@nda.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MOOR ROW
Postcode
CA24 3HU
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified
Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

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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