Tender

Provision of Economic & Climate Scenario Data, and ALM Software

GOVERNMENT ACTUARY'S DEPARTMENT

This public procurement record has 4 releases in its history.

TenderUpdate

02 Jan 2026 at 16:03

TenderUpdate

22 Dec 2025 at 13:51

Tender

12 Dec 2025 at 15:40

Planning

09 Dec 2025 at 16:10

Summary of the contracting process

The Government Actuary's Department is currently overseeing a contracting process for the provision of Economic & Climate Scenario Data and Asset Liability Modelling Software. Situated in London, this organisation is seeking partners through an open competitive procedure within the central government sector (CPV 79311400 for Economic research services). The procurement is active and consists of two principal lots, including the Economic Scenario Generator Service and Climate Scenario Service, each with options for renewal and extensions. Interested suppliers had to express interest by 30 September 2025, and the tender period ends 25 January 2026, with enquiries concluding on 7 January 2026. The total gross budget for this contract is £690,000, with individual lot values of £390,000 and £300,000 respectively. Successful bidders will be awarded contracts starting 9 March 2026, lasting until 8 March 2029, with potential extensions until March 2031.

This tender presents substantial growth possibilities for businesses experienced in economic scenario generation and climate modelling. It particularly appeals to SMEs and VCSEs, given the comprehensive nature of the services required, ranging from projecting asset liability outcomes to providing annual climate scenarios. The optional Asset Liability Modelling Software Service offers a flexible call-off basis, inviting firms with innovative solutions in actuarial and climate data management to showcase their capabilities. With separate contracts potentially awarded for each lot, companies capable of demonstrating technical excellence and competitive pricing stand to gain significant business opportunities by participating in this procedure, thereby aiding their expansion in the public sector market.

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Notice Title

Provision of Economic & Climate Scenario Data, and ALM Software

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 Service

The 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

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f214
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000081-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME, VCSE
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
£575,000 £500K-£1M
Lots Value
£575,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20261 months ago
Submission Deadline
25 Jan 2026Expired
Future Notice Date
12 Dec 2025Expired
Award Date
Not specified
Contract Period
9 Mar 2026 - 8 Mar 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

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

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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