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Pensions - Actuarial services and benefits consultancy

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

22 Nov 2018 at 00:00

PCS Notice - Website Contract Award Notice
Tender

09 May 2018 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The procurement process is conducted by Scottish Enterprise, based in Glasgow, UK, for the contract titled "Pensions - Actuarial services and benefits consultancy". This tender falls under the services category and is currently in the Award stage, having been awarded to KPMG. The contract is valued at £54,160 and is set to run from 1 August 2018 to 31 July 2021, with the possibility of a one-year extension. The selection process used was the Open procedure, allowing for broad participation.

This tender represents a significant opportunity for businesses involved in actuarial services and consultancy. Firms that offer expertise in pension management, staff communication, and accounting would be well-suited to compete for similar contracts in the future, particularly as this contract is expected to be re-procured in approximately three years. The open nature of the procurement method enhances the likelihood of securing business from public sector clients like Scottish Enterprise.

How relevant is this notice?

Notice Information

Notice Title

Pensions - Actuarial services and benefits consultancy

Notice Description

Scottish Enterprise (SE) would like to invite tenders for the provision of actuarial pension and consultancy advice to the organisation which is independent of the Trustees' adviser. The SE Pension and Life Assurance Scheme (the Scheme) has its own Actuaries' and Consultants. SE requires the supplier to provide the following services are part of this contract: - Pension and benefits consultancy - Actuarial advice - Accounting advice and information - Staff communications The contract is anticipated to run from 1 August 2018 to 31 July 2021, with the option to extend for an additional 1 year. The tender is being carried out through the Open route.

Lot Information

Lot 1

Scottish Enterprise (SE) would like to invite tenders for the provision of actuarial pension and consultancy advice to the organisation which is independent of the Trustees' adviser. The SE Pension and Life Assurance Scheme (the Scheme) has its own Actuaries' and Consultants. SE requires the supplier to provide the following services are part of this contract: - Pension and benefits consultancy - Actuarial advice - Accounting advice and information - Staff communications The contract is anticipated to run from 1 August 2018 to 31 July 2021, with the option to extend for an additional 1 year.

Renewal: It is anticipated that the contract will run for an initial period of 36 months with the option to extend for an additional 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000541407
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV337832
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
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

66131100 - Pension investment services

66500000 - Insurance and pension services

66519600 - Actuarial services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
£60,000 Under £100K
Awards Value
Not specified
Contracts Value
£54,160 Under £100K

Notice Dates

Publication Date
22 Nov 20187 years ago
Submission Deadline
12 Jun 2018Expired
Future Notice Date
Not specified
Award Date
19 Nov 20187 years ago
Contract Period
Not specified - Not specified
Recurrence
This will be re-procured in 3 years time, or 4 if the option to extend is used.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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