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Pension Support Services

Highlands and Islands Enterprise on behalf of The Board of Trustees of the HIE Superannuation Scheme

This public procurement record has 2 releases in its history.

Award

07 May 2019 at 01:00

OJEU - F3 - Contract Award Notice
Tender

13 Dec 2018 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The procurement process for the Pension Support Services contract was initiated by Highlands and Islands Enterprise on behalf of The Board of Trustees of the HIE Superannuation Scheme. The tender is classified under pension services, located in Inverness, UK. This open procurement method entails a complete process, with the bid opening having taken place on 5th February 2019. Contracts are expected to be active for an initial period of 3 years with a total estimated value of between GBP 600,000 and GBP 645,000 (excluding VAT) for core service elements, with the potential for renewal.

This tender presents significant opportunities for businesses in the financial and pension services sectors, particularly those capable of providing administration, actuarial, and investment services. SMEs with experience in public sector contracts, as well as firms compliant with financial regulatory standards, would be well-positioned to compete. Bidders should demonstrate not only past performance but also the ability to meet stringent insurance and regulatory requirements, making this an appealing opportunity for qualified businesses looking to expand their portfolio within public procurement.

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Notice Information

Notice Title

Pension Support Services

Notice Description

This is a single contract to provide pension support to cover administration, actuarial and investment services. Note, although this procurement process was run by HIE, the contract was awarded by the Board of Trustees of Highlands and Islands Superannuation Scheme.

Lot Information

Lot 1

The initial 3 year budget currently available to deliver the core elements of the service is between GBP600,000 and GBP645,000 (excluding VAT).. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Options: The Trustees reserve the right, on giving reasonable written notice from time to time, to require changes to the Services (whether by way of the removal of Services, the addition of new Services, or increasing or decreasing the Services or specifying the order in which the Services are to be performed). The Trustees shall not require any such change other than where it is permitted by Regulation 72 of the Public Contracts (Scotland) Regulations 2015.

Renewal: It is expected that these services will be required from May 2019 for an initial period of 3 years with the Trustees having the option to extend for a period or periods together not exceeding 1 calendar year following the Initial Term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000564880
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353605
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

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
Not specified
Contracts Value
£700,096 £500K-£1M

Notice Dates

Publication Date
7 May 20197 years ago
Submission Deadline
5 Feb 2019Expired
Future Notice Date
Not specified
Award Date
9 Apr 20197 years ago
Contract Period
Not specified - Not specified
Recurrence
The Trustees reserve the right to re-tender for these services upon termination of the contract or at the end of the contract period, including any extension period.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Highlands and Islands Enterprise on behalf of The Board of Trustees of the HIE Superannuation Scheme
Additional Buyers

Highlands and Islands 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
INVERNESS
Postcode
IV2 5NA
Postcode Area
Inverness
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands
Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

Spence & Partners

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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