This public procurement record has 3 releases in its history.

Award

05 May 2026 at 10:51

Award

22 Apr 2026 at 11:15

Award

22 Apr 2026 at 11:11

Summary of the contracting process

The public procurement process, titled "Pensions actuarial advice," was conducted by the Nuclear Decommissioning Authority (NDA) based in Cumbria, UK. The NDA is looking for expert actuarial advice to manage its pension schemes and liabilities. This procurement falls under the services category and took place through a direct award method. The Government Actuary's Department (GAD), located in London, was selected as the supplier. The procurement process has reached the Award stage, with the contract having been signed on 5th May 2026. The contract period runs from 6th May 2026 to 31st March 2027, with a gross contract value of £165,000.

This tender presents significant opportunities for businesses specialising in pension services, particularly those with capabilities in providing actuarial advice within the government sector. Firms that can offer cost-effective, high-quality services may find such government procurements particularly attractive, especially if they aim to establish or expand their presence in servicing public sector pension schemes. This contract further illustrates the emphasis on utilising governmental expertise, creating an environment where public sector entities can seamlessly collaborate and grow through service provision to other arms of the government.

How relevant is this notice?

Notice Title

Pensions actuarial advice

Notice Description

Pensions actuarial advice to the NDA to support the NDA's management of the NDA group's pension schemes and liabilities.

Procurement Information

GAD provide actuarial advice within Government and charge for their advice. As a government department, GAD do not aim to make a profit, and their fee rates are designed to cover their costs only and hence are significantly lower than comparable private sector fee rates. Government policy is that departments and other bodies should not buy externally when there is a public sector entity that can provide the advice.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06885c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040933-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£137,500 £100K-£500K
Contracts Value
£137,500 £100K-£500K

Notice Dates

Publication Date
5 May 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Apr 20262 months ago
Contract Period
5 May 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CUMBRIA
Postcode
CA24 3HU
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified

Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

Further Information

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.

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