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UKRI-MRC Accounting and Actuarial Services

UK RESEARCH & INNOVATION

This public procurement record has 5 releases in its history.

Award

14 Sep 2026 at 11:47

UK7 - Contract Details Notice
Award

18 Aug 2026 at 14:12

UK6 - Contract Award Notice
Tender

15 Jun 2026 at 16:14

UK4 - Tender Notice
PlanningUpdate

09 Jan 2026 at 12:06

UK2 - Preliminary Market Engagement Notice
Planning

09 Jan 2026 at 11:57

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

UK Research & Innovation (UKRI), through the Medical Research Council, procured accounting and actuarial services for the MRC Pension Scheme. The requirement is a professional services contract focused on actuarial work, including the accounting and actuarial support needed to administer and manage the pension scheme. The service is delivered for UKRI in the United Kingdom, with the awarded activity recorded for London. This is a public-sector pension and financial advisory requirement rather than a general accounting exercise, so relevant suppliers are firms or public bodies with expertise in pension-scheme actuarial services and associated accounting support. The procurement was a single lot and was identified as suitable for small and medium-sized enterprises and voluntary, community or social enterprises.

The procurement is complete and was awarded through an open procedure. Six bids reached the final stage. The contract was awarded to the Government Actuary’s Department on 18 August 2026 for £792,000 excluding VAT, or £950,400 including VAT. The contract was signed on 13 September 2026 and runs from 14 September 2026 to 13 September 2030, with options for two further three-year extensions, allowing a maximum term of ten years to 13 September 2036. The award was evaluated on 75% quality and 25% price. The tender submission deadline was 21 July 2026 at 3pm, the enquiry deadline was 9 July 2026 at 3pm, and the award decision was due by 24 August 2026.

For a supplier that did not win, this procurement demonstrates sustained UKRI demand for combined pension-scheme accounting and actuarial expertise at substantial public-sector scale. A credible future competitor would need the technical capability to provide actuarial services alongside accounting support, understand the governance and reporting needs of a major research organisation’s pension scheme, and maintain reliable delivery over a long-running engagement. The strong weighting given to quality indicates that technical approach, service quality, professional expertise and assurance of delivery matter considerably more than price alone. The requirement’s stated suitability for SMEs and voluntary, community or social enterprises also shows that specialist organisations outside the largest commercial firms can be relevant, provided they can demonstrate the necessary pension, actuarial and accounting capability and capacity.

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Notice Information

Notice Title

UKRI-MRC Accounting and Actuarial Services

Notice Description

Provision of Accounting and Actuarial Services to UKRI for the MRC Pension Scheme

Lot Information

Lot 1

Renewal: The Contract duration shall be an initial period of four (4) years, with an option to extend for two further period of three (3) years (4+3+3). The maximum total duration of the contract, including the extension periods, is ten (10) years.

Planning Information

UKRI-MRC is seeking feedback on the draft specification, and pricing strategy for the proposed tender for this service. The purpose of the pre-market engagement and feedback request is to develop a tender package that enables suppliers to produce meaningful responses and allow UKRI to enter into an effective contract with a Supplier. UKRI does not guarantee to incorporate all Supplier feedback in any future procurement strategy or service specification. It is UKRI’s intention to seek a broad review of its requirements and conduct an open and transparent process. Suppliers are invited to provide feedback on the specifications and questions below. To access: 1. Log in or create an account here: https://ukri2.my.site.com 2. Navigate to the opportunity in the Find an Opportunity section of the site or via the direct access link above. 3. Select Register Interest (you will not be able to view the tender documentation without registering an interest). 4. Go back to the main menu and navigate to the My Proposals and Quotes section of the site. 5. Select the opportunity from the list. Tender Documents for download are found in the Documents tab.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0602a0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/086794-2026
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
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£792,000 £500K-£1M
Lots Value
£792,000 £500K-£1M
Awards Value
£792,000 £500K-£1M
Contracts Value
£792,000 £500K-£1M

Notice Dates

Publication Date
14 Sep 20262 days ago
Submission Deadline
21 Jul 2026Expired
Future Notice Date
9 Feb 2026Expired
Award Date
18 Aug 20264 weeks ago
Contract Period
14 Sep 2026 - 13 Sep 2030 4-5 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
UK RESEARCH & INNOVATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON, WILTSHIRE
Postcode
SN2 1FL
Postcode Area
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLK14 Swindon
Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

Government Actuary's Department

Further Information

Notice Documents

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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