Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

10001 Provision of Actuarial Services

Fife Council

This public procurement record has 3 releases in its history.

AwardUpdate

14 Sep 2021 at 01:00

OJEU - F20 - Modification Notice
Award

31 Jul 2017 at 01:00

OJEU - F3 - Contract Award Notice
Tender

25 Apr 2017 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

Fife Council is leading a procurement process titled "10001 Provision of Actuarial Services," focusing on services related to the administration of the Local Government Pension Scheme. The procurement is currently at the Award stage, with the contract active since 20 July 2017, and was initially valued at £356,000. This contract covers delivery in Fife, with a related lot concerning the extension of actuarial services due to previously unanticipated circumstances impacting resources. The Council's address is Fife House, North Street, Glenrothes, KY7 5LT, UK. Key dates include the original contract signing and subsequent amendments, accommodating the needs arising from the Covid-19 pandemic.

This tender presents significant opportunities for businesses, particularly actuarial firms and consultancy services that provide expertise in public sector pensions. Large and medium-sized companies, especially those well-versed in compliance and public contracts, would benefit from participating in this tender process. With the potential for additional variations and extensions in the contract length, businesses that can demonstrate a robust understanding of the Local Government Pension Scheme and relevant experience are well-positioned to compete and grow in this sector.

How relevant is this notice?

Notice Information

Notice Title

10001 Provision of Actuarial Services

Notice Description

Fife Council is responsible for the administration of the Local Government Pension Scheme on behalf of 5 scheduled and 24 admitted bodies. The Fund has 16,247 active members, 10,246 deferred members and 11,989 pensioners. The market value of the Fund as at 23 March 2017 was GBP 2,242.565m.

Lot Information

Lot 1

Provision of actuarial services - extension

Renewal: Up to 3 twelve month extensions

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000492345
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP427629
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F20 - Modification Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£93,603 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£356,000 £100K-£500K

Notice Dates

Publication Date
14 Sep 20214 years ago
Submission Deadline
29 May 2017Expired
Future Notice Date
Not specified
Award Date
20 Jul 20179 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Fife Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLENROTHES
Postcode
KY7 5LT
Postcode Area
Kirkcaldy
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM01 Clackmannanshire and Fife
Delivery Location
TLM72 Clackmannanshire and Fife
Local Authority
Fife
Electoral Ward
Glenrothes Central and Thornton
Westminster Constituency
Glenrothes and Mid Fife

Supplier Information

Number of Suppliers
1
Supplier Name

Hymans Robertson LLP

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...