Tender

A Multi Provider Framework Agreement for the Provision of Benchmarking and Cost Transparency Services

NORFOLK COUNTY COUNCIL

This public procurement record has 7 releases in its history.

Tender

18 Dec 2025 at 09:13

PlanningUpdate

28 Jul 2025 at 14:35

PlanningUpdate

28 Jul 2025 at 11:51

PlanningUpdate

28 Jul 2025 at 10:55

PlanningUpdate

23 Jul 2025 at 13:03

Planning

23 Jul 2025 at 12:00

Planning

23 Jul 2025 at 11:59

Summary of the contracting process

Norfolk County Council is leading a procurement process titled "A Multi Provider Framework Agreement for the Provision of Benchmarking and Cost Transparency Services" within the pension services industry category. This initiative involves several entities, including Essex County Council, Lincolnshire County Council, and other local government pension schemes across various regions in the UK. The procurement is currently at the tender stage and is conducted using an open procedure, allowing a broad range of participants to engage. Key deadlines include the tender submission end date on 6th February 2026, with the award period expected to conclude by 21st February 2026. The framework is structured to allow participation from various public sector entities, with national service provision throughout the United Kingdom.

This tender presents substantial opportunities for businesses focusing on pension-related services, particularly in areas of cost transparency and benchmarking. With the framework accommodating multiple providers, there are significant prospects for small and medium-sized enterprises (SMEs) to participate, providing the flexibility to engage in national-scale contracts. The framework's open competition model is especially beneficial for companies with innovative solutions in investment cost data analysis and reporting services, fostering potential growth through strategic partnerships with local government pension schemes and related public sector bodies. The overall contract value indicates a lucrative market with a gross amount set at £5,000,000, offering a compelling pathway for business expansion and increased market presence.

How relevant is this notice?

Notice Information

Notice Title

A Multi Provider Framework Agreement for the Provision of Benchmarking and Cost Transparency Services

Notice Description

Norfolk County Council (as Administering Authority of the Norfolk Pension Fund), on its own behalf and on behalf of Local Government Pension Scheme Advisory Board (SAB) (a body set up under Section 7 of the Public Service Pensions Act 2013 and The Local Government Pension Scheme Regulations 110-113), Essex County Council (as Administering Authority of the Essex Pension Fund), Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund), Scottish Border Council (as Administering Authority of the Scottish Border Pension Fund), South Yorkshire Pensions Authority, Tameside Metropolitan Borough Council (as Administering Authority of the Great Manchester Pension Fund) and Torfaen County Borough Council (as Administering Authority of the Greater Gwent Pension Fund), wishes to establish a multi-lot, multi-provider framework agreement for the provision of Cost Transparency and Benchmarking Services to be available to all LGPS Funds and other bodies as defined in the Find a Tender Contract Notice, to provide national access to high quality efficient and effective services at the best possible price. Scottish Borders Council (as Administering Authority of the Scottish Borders Pension Fund) Old School Building, Newtown St. Boswells, TD6 0SA, pensions@scotborders.gov.uk, www.scottishborderscouncilpensionfund.org will also be carrying out part of the procurement by assessing tenders and specification writing. Scottish Borders Council are not on the identification register.

Lot Information

Investment Cost Data Collation and Reporting Services

Investment Cost Data Collation and Reporting Services primarily in support of the LGPS Code of Transparency

Investment Cost Data Analysis and Benchmarking Services

To provide the analysis of client investment management cost data from all relevant sources (including but not limited to the client, their custodian and their asset managers as required).

Planning Information

An early market engagement meeting will be taking place on the 13th August 2025 at 11am in London. For further details and to express an interest in attending, please contact claudia.green3@norfolk.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-056491
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/084124-2025
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
£5,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20251 weeks ago
Submission Deadline
6 Feb 20262 months to go
Future Notice Date
1 Dec 2025Expired
Award Date
Not specified
Contract Period
19 Apr 2026 - 19 Apr 2030 4-5 years
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
NORFOLK COUNTY COUNCIL
Additional Buyers

ESSEX COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE ESSEX PENSION FUND)

GREATER GWENT (AS ADMINISTERING AUTHORITY OF TORFAEN PENSION FUND)

LINCOLNSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE LINCOLNSHIRE COUNTY COUNCIL PENSION FUND)

LOCAL GOVERNMENT PENSION SCHEME ADVISORY BOARD (SAB) (A BODY SET UP UNDER SECTION 7 OF THE PUBLIC SERVICE PENSIONS ACT 2013 AND THE LOCAL GOVERNMENT PENSION SCHEME REGULATIONS 110-113)

SOUTH YORKSHIRE PENSIONS AUTHORITY

TAMESIDE METROPOLITAN BOROUGH COUNCIL (AS ADMINISTERING AUTHORITY OF THE GREATER MANCHESTER PENSION FUND)

WEST SUSSEX COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF WEST SUSSEX PENSION FUND)

Contact Name
Not specified
Contact Email
customer_services@lincolnshire.gov.uk, customerservices@sypa.org.uk, investments@westsussex.gov.uk, mail@gmpf.org.uk, pensionenquiries@essex.gov.uk, pensions@torfaen.gov.uk, sabsecretariat@local.gov.uk, sourcingteam@norfolk.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NORWICH
Postcode
NR1 2DH
Post Town
Norwich
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
Tameside
Electoral Ward
St Peter's
Westminster Constituency
Ashton-under-Lyne

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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