Planning

Economic & Climate Scenario Generator Service

GOVERNMENT ACTUARY'S DEPARTMENT

This public procurement record has 2 releases in its history.

PlanningUpdate

15 Sep 2025 at 14:38

UK2 - Preliminary Market Engagement Notice
Planning

15 Sep 2025 at 14:28

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Government Actuary's Department, a central government authority in London, is currently in the planning phase for a procurement titled "Economic & Climate Scenario Generator Service." This procurement falls within the industry category of economic research services, with a focus on data-driven scenario generation related to economic and climate projections. The tender is expected to be launched in early November 2025, with interested suppliers required to express interest and submit initial questions by 30th September 2025. The contract, valued up to £540,000, is set to commence on 1st March 2026 and run through 31st March 2029, with potential for renewal until 31st March 2031.

This tender offers substantial opportunities for consultants and technology firms specialising in economic analysis and climate modelling. Businesses with capabilities in economic scenario generation and climate data analysis are well-suited to compete, particularly those that can also provide Asset Liability Modelling (ALM) software as an optional component of their service offering. Given the comprehensive scope and the requirement for regular data delivery, the contract presents a significant opportunity for growth in the fields of economic and climate research, providing recurring work over multiple years.

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Notice Information

Notice Title

Economic & Climate Scenario Generator Service

Notice Description

The Authority seeks a supplier to provide scenario data, beginning with data from Q4 2025/26. Services should include: - An economic scenario generator (ESG) service, to provide simulations of asset returns, inflation and other economic variables into the future (with up to 50 types of data fields), to be provided at least quarterly. - Climate scenarios, to be used alongside the ESG service, to provide variant projections based on different projected climate change scenarios, to be provided at least annually on 31st March each year. -An optional requirement to provide Asset Liability Modelling (ALM) software. The software will provide a means to perform analysis with the above economic and climate data, alongside additional liability data. Bidders can choose whether to include ALM software in their bid, and the Authority reserves the right to refuse the supplier's proposed offering as part of the final contract. Further detail will be provided in the full tender pack.

Planning Information

Suppliers are asked to submit any initial questions on the procurement's scope and content, and to provide their expressions of interest to participate in the tender stage, by 30th September 2025. The tender is planned to be launched in early November 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059a76
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/056642-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79311400 - Economic research services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Sep 20255 months ago
Submission Deadline
Not specified
Future Notice Date
3 Nov 2025Expired
Award Date
Not specified
Contract Period
1 Mar 2026 - 31 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
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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