Notice Information
Notice Title
Economic Scenario Generator Service
Notice Description
The Authority is seeking a partner(s) to deliver an economic scenario generator service and a climate scenario service, with an optional call-off asset liability modelling software service.
Lot Information
Economic Scenario Generator Service
The Authority wishes to procure ESG data to use in its proprietary and third party models to project asset and liability outcomes. This analysis will support the Authority's work in applying actuarial services to the public sector. Such economic scenarios should include all the main institutional investment asset classes and the UK's main inflation indices. Optionality to include further data types is sought, such as further asset classes and other economic variables. The above economic scenarios must be provided at 31 March and 31 December each year, with optionality to include other quarter end or month end dates.
Options: Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service. The optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service.
Renewal: 2 x 12 month extensions available
Climate Scenario ServiceThe Authority also seeks to procure climate scenarios. The climate scenarios must be provided annually at the end of each financial year, but the supplier should set out how additional climate scenario provision could be made, for the Authority to consider if this adds value to its proposition.
Options: Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service. The optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service.
Renewal: 2 x 12 month extensions available
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-05f214
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/032845-2026
- Current Stage
- Award
- All Stages
- Planning, Tender, Award
Procurement Classification
- Notice Type
- UK7 - Contract Details Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Competitive flexible procedure
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Large
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
- £575,000 £500K-£1M
- Lots Value
- £575,000 £500K-£1M
- Awards Value
- Not specified
- Contracts Value
- £635,094 £500K-£1M
Notice Dates
- Publication Date
- 10 Apr 20265 days ago
- Submission Deadline
- 25 Jan 2026Expired
- Future Notice Date
- 12 Dec 2025Expired
- Award Date
- 9 Mar 20261 months ago
- Contract Period
- 9 Mar 2026 - 8 Mar 2029 3-4 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- GOVERNMENT ACTUARY'S DEPARTMENT
- Additional Buyers
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
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
-
https://www.find-tender.service.gov.uk/Notice/032845-2026
10th April 2026 - Contract details notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/000081-2026
2nd January 2026 - Tender notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/085417-2025
22nd December 2025 - Tender notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/082610-2025
12th December 2025 - Tender notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/081171-2025
9th December 2025 - Planned procurement notice on Find a Tender -
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623639
Attachment 3 - Statement-of-Requirements -
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623640
Attachment 4 - Pricing Schedule -
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623637
Attachment 1 - About the procurement -
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623638
Attachment 2 - How to Bid including Evaluation Criteria
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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