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CDC Economic Modelling

Department for Work and Pensions

This public procurement record has 1 release in its history.

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31 Jul 2026 at 14:40

UK7 - Contract Details Notice
Summary of the contracting process

The Department for Work and Pensions commissioned research services on Collective Defined Contribution (CDC) pension schemes in the UK. The work is titled CDC Economic Modelling and involves economic modelling using stochastic models to explore the benefits and challenges of this type of pension arrangement. The requirement is classified as research services (CPV 73110000). It is a central government requirement for the Department for Work and Pensions, with the buyer based in London. The work concerns policy and economic analysis of CDC schemes rather than pension administration, investment management, software delivery or general consultancy. Businesses with expertise in pensions policy, economic research and quantitative modelling would recognise this as a specialist analytical requirement for a government department.

The procurement has been awarded and the tender is complete. It used a direct procedure described as below threshold and without competition. The contract was awarded to the Pensions Policy Institute. The contract was signed on 28 July 2026 and runs from 28 July 2026 to 24 February 2027. Its value is £55,000 excluding VAT, or £66,000 including VAT. The published outcome records one completed lot and one active award. The requirement was evaluated through a non-competitive direct award rather than an open tender. The award is for the full CDC Economic Modelling research service, with no separate lot-level supplier or value to distinguish from the overall requirement.

This outcome indicates demand from the Department for Work and Pensions for focused evidence on Collective Defined Contribution pensions, combining policy research with quantitative economic modelling. A credible future competitor would need demonstrable knowledge of UK pension policy and CDC schemes, alongside the ability to design and apply stochastic models to assess benefits, risks and practical challenges. Relevant capability would include producing defensible economic analysis, interpreting modelling outputs for public-sector policy decisions and communicating complex findings clearly to government audiences. The selected supplier is a large specialist policy institute, so competing organisations would need comparable research credibility, subject-matter expertise and capacity to deliver a defined analytical study for a central government client.

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Notice Information

Notice Title

CDC Economic Modelling

Notice Description

The methodology for this research is economic modelling using stochastic models to explore the benefits and challenges of a new pension type in the UK, Collective Defined Contribution schemes (CDCs).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06d8ff
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/072779-2026
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
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£55,000 Under £100K

Notice Dates

Publication Date
31 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Jul 2026 - 24 Feb 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for Work and Pensions
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
SW1H 9NA
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Pensions Policy Institute

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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