Award

Provision of actuarial advice

NHS PROPERTY SERVICES

This public procurement record has 1 release in its history.

Award

22 Jul 2025 at 09:17

Summary of the contracting process

NHS Property Services, located in Stockport, UK, has completed a procurement process for the provision of actuarial advice, specifically engaging with the Government Actuary's Department. This procurement is classified under the services category, with a primary focus on risk management insurance services. The contract commenced on 4 April 2025 and is set to conclude on 31 March 2026. The procurement was executed directly without competition, as it was below the threshold, and the contract was signed on 3 April 2025. This initiative is underpinned by legal provisions outlined in legislation 2023/54.

This procurement presents significant opportunities for businesses operating within the financial services and risk management sectors, particularly SMEs that can offer niche expertise in actuarial services. With a total contract value amounting to £120,000, it highlights the potential for substantial growth and collaboration with government entities. Businesses with a strong capability in actuarial analysis and risk management would find this tender particularly well-suited to their operational strengths, enabling them to expand their portfolio and enhance their government contracting experience.

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Notice Title

Provision of actuarial advice

Notice Description

Provision of actuarial advice with Government Actuary's Department

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056381
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/041866-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66517300 - Risk management insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£120,000 £100K-£500K

Notice Dates

Publication Date
22 Jul 20257 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
2 Apr 202510 months ago
Contract Period
3 Apr 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NHS PROPERTY SERVICES
Contact Name
Not specified
Contact Email
procurementgovernance@property.nhs.uk
Contact Phone
Not specified

Buyer Location

Locality
STOCKPORT
Postcode
SK4 1BS
Post Town
Stockport
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD35 Greater Manchester South East
Delivery Location
Not specified

Local Authority
Stockport
Electoral Ward
Brinnington & Stockport Central
Westminster Constituency
Stockport

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

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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