Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 5 releases in its history.

Award

05 Oct 2026 at 11:09

UK6 - Contract Award Notice
TenderUpdate

11 May 2026 at 10:26

UK4 - Tender Notice
TenderUpdate

08 May 2026 at 11:49

UK4 - Tender Notice
Tender

08 May 2026 at 11:45

UK4 - Tender Notice
Planning

06 Feb 2026 at 10:36

UK1 - Pipeline Notice
Summary of the contracting process

The Department for Transport, acting for the Euston Delivery Company (EDC), procured a qualifying workplace pension scheme for employees of the newly established, government-owned company. The service covers provision and administration of the scheme, including pension investment, fund management and consultancy. EDC is outside the civil service pension arrangements, so the scheme is intended to provide its own workplace pension provision. It is designed for a workforce of up to 60 employees, with eligible staff able to join. The Department for Transport managed the procurement, with responsibility for the contract expected to transfer to EDC by novation after award. The service is for EDC employees in the United Kingdom.

The procurement is complete and was awarded to People’s Partnership Limited on 5 October 2026. The award value is £1.4 million excluding VAT (£1.68 million including VAT). The contract period runs from 26 October 2026 to 25 October 2029, with an option to extend by up to two years in one-year increments. The procurement used an open procedure. Bids were assessed on quality, including social value, weighted at 40%, and price, weighted at 60%. The requirement was issued as one lot, and two bids were received. The contract award is active; a scheduled signature milestone was set for 19 October 2026.

For a future requirement of this kind, credible suppliers will need to provide a qualifying workplace pension scheme for a small, defined workforce outside the civil service pension system. Relevant capability includes scheme administration, pension fund management and investment, and advice or consultancy suited to a government-owned organisation. The selected supplier demonstrates that the buyer accepted a provider able to cover the full pension service rather than a single component. Competition was assessed on both service quality, including social value, and price, so suppliers should be able to evidence delivery quality and social value alongside competitive commercial terms. The single-lot structure points to a requirement managed as an integrated service. The opportunity was considered suitable for small and medium-sized enterprises, although neither of the two final bids came from an SME.

How relevant is this notice?

Notice Information

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") has appointed 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 the 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. 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)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0649c1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/093700-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Large

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

Notice Dates

Publication Date
5 Oct 2026Yesterday
Submission Deadline
5 Jun 2026Expired
Future Notice Date
13 Feb 2026Expired
Award Date
5 Oct 20262 days ago
Contract Period
26 Oct 2026 - 25 Oct 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE 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
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

People's Partnership Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...