Award

Strathclyde Pension Fund (SPF) - Actuarial Services

GLASGOW CITY COUNCIL

This public procurement record has 1 release in its history.

Summary of the contracting process

The procurement process for Actuarial Services for the Strathclyde Pension Fund was conducted by Glasgow City Council, a regional authority based in Glasgow, UK. The contract, valued at £4,000,000, was awarded on 24 June 2022 using an open procedure as part of the Actuarial, Benefits, and Governance Consultancy Services Framework. The procurement has been completed with only two bids submitted, all from non-EU suppliers, and the relevant delivery location for the services is Glasgow. This project falls under the category of general public services.

This tender presents a significant opportunity for businesses specialising in actuarial services, particularly those with experience in local government pension schemes and related regulations. Companies that could benefit from this contract may include large consulting firms or niche organisations with expertise in pensions and benefits consultancy. Engaging in such contracts can enhance credibility, increase market presence, and potentially lead to recurring work with public sector entities.

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Notice Title

Strathclyde Pension Fund (SPF) - Actuarial Services

Notice Description

Actuarial Services for Strathclyde Pension Fund

Lot Information

Lot 1

The service supplier will be required to provide actuarial services in accordance with the Local Government Pension Scheme (Scotland) regulations and other legislation, including but not limited to those set out within the specification.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000700287
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL454593
Current Stage
Award
All Stages
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

66519600 - Actuarial services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£4,000,000 £1M-£10M

Notice Dates

Publication Date
22 Jul 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Jun 20223 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

Contracting Authority (Buyer)

Main Buyer
GLASGOW CITY COUNCIL
Contact Name
Not specified
Contact Email
david.hart@glasgow.gov.uk
Contact Phone
+44 1412765623

Buyer Location

Locality
GLASGOW
Postcode
G2 1DU
Post Town
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
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Open Contracting Data Standard (OCDS)

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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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