Tender

TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

DEPARTMENT FOR TRANSPORT

This public procurement record has 4 releases in its history.

TenderUpdate

11 May 2026 at 09:26

TenderUpdate

08 May 2026 at 10:49

Tender

08 May 2026 at 10:45

Planning

06 Feb 2026 at 10:36

Summary of the contracting process

The Department for Transport is leading the procurement for the "TRHS0016 Provision of Pension Scheme for the Euston Delivery Company" on behalf of the Euston Delivery Company (EDC), located in London. This competitive flexible tender procedure is at the tender update stage, with processes managed through the Jaggaer e-sourcing portal. The procurement, focused on pension services, is expected to offer a qualifying workplace pension scheme catering to an estimated 60 employees. Key deadlines include the enquiry period ending on 22nd May 2026, submission by 5th June 2026, and the award period concluding on 8th July 2026. The subsequent contract will initially run for three years, with the possibility of extending up to two additional years.

This tender offers significant opportunities for growth, particularly for businesses specialising in pension investment, fund management, and administration services, with experience in handling public sector guidelines and benchmarking. SME-friendly, the contract appeals to both Master Trust and Contract-based pension providers. The Department aims to ensure quality service provision with an emphasis on both quality (40%) and price (60%), providing an expansive and competitive environment for capable providers to offer innovative solutions, meet set contribution benchmarks, and engage in pension fund consultancy for a new government-owned entity.

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Notice Title

TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

Notice Description

The Department of Transport (DfT) on behalf of the Euston Delivery Company (EDC) ("Buyer") is looking to appoint a pension provider for the provision of a pension scheme. The EDC is a new government-owned organisation so is not part of the civil service and is not covered by the current civil service pension arrangements. The service required is as follows: * Provision of a qualifying workplace pension scheme for a new government-owned company. * The pension scheme will be established for a maximum expected workforce of 60 EDC employees, who will be eligible to join the EDC pension scheme. EDC employees will be onboarded incrementally, with the first employees expected to commence employment from September 2026 onwards. * The pension scheme is required to be in place within 3 months from September 2026. * Terms are being requested based on an initial three-year pension scheme length, with an option, at the Buyer's sole discretion, to extend the Contract for up to an additional two years, exercisable in one-year increments (1+1). * Both a Master Trust and Contract based solution will be considered. It is anticipated that, once the EDC is fully operational, the average annual salary will be approximately PS80,000.00. Employer contributions are anticipated to range between 10%-12% and employee contributions are anticipated to range from 3%-6% of pensionable salary. As the organisation is newly established, the average salary is an estimate based on the expected roles required by the EDC and the company's remuneration strategy which will follow public sector guidelines and professional pay benchmarking. This figure is therefore provided for indicative purposes only and should not be relied upon as a guaranteed or definitive salary level. The DfT is procuring the Services under this Contract. It is anticipated that, following contract award, responsibility for the Contract will be transferred from DfT to the EDC. The Contract will be novated to the EDC on terms to be agreed with the successful Tenderer ("Supplier"), at which point the EDC shall assume all rights, obligations and liabilities under the Contract from the effective date of novation.

Lot Information

Lot 1

Renewal: This Contract will have the option to be extended for up to an additional two (2) years, exercisable in one-year increments (1+1)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0649c1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/042852-2026
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66520000 - Pension services

66521000 - Individual pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£1,400,000 £1M-£10M
Lots Value
£1,400,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 May 20263 weeks ago
Submission Deadline
5 Jun 2026Today
Future Notice Date
13 Feb 2026Expired
Award Date
Not specified
Contract Period
7 Jul 2026 - 7 Jul 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
DEPARTMENT FOR TRANSPORT
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
SW1P 4DR
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

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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