Award

SE Pension Scheme - Administrative, Actuarial and Ancillary Services

SCOTTISH ENTERPRISE

This public procurement record has 2 releases in its history.

Award

28 Mar 2024 at 00:00

Tender

26 Jul 2023 at 00:00

Summary of the contracting process

The Scottish Enterprise has awarded a contract for SE Pension Scheme - Administrative, Actuarial and Ancillary Services. The procurement process was completed on 28th March 2024. The contract, valued at £1,835,750, was signed on 22nd March 2024. This contract opportunity was within the services category and followed an open procurement method. The procuring entity is Scottish Enterprise based in Glasgow, UK, and the contracting process has reached the award stage.

This tender for SE Pension Scheme services presents a growth opportunity for businesses. Businesses well-suited to compete are those offering administrative, actuarial, and ancillary services related to pension schemes. The contract aims to deliver these services on behalf of the Scottish Enterprise Pension & Life Assurance Scheme. Interested businesses should ensure compliance with the submission deadline and all relevant evaluation criteria for this open procedure procurement opportunity.

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Notice Title

SE Pension Scheme - Administrative, Actuarial and Ancillary Services

Notice Description

The purpose of this ITT is to appoint a single supplier to deliver Pensions - Administrative, Actuarial and Ancillary Services on behalf of the Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme). The supplier must be able to deliver all the services under this part of the contract.

Lot Information

Lot 1

The purpose of this ITT is to appoint a single supplier to deliver Pensions - Administrative, Actuarial and Ancillary Services on behalf of the Trustees of the Scottish Enterprise Pension & Life Assurance Scheme (the Scheme). The supplier must be able to deliver all the services under this part of the contract.

Renewal: The contract shall be for a period of 36 months with the option to extend for 1 period of 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000736011
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR502008
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£3,330,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,835,750 £1M-£10M

Notice Dates

Publication Date
28 Mar 20241 years ago
Submission Deadline
30 Aug 2023Expired
Future Notice Date
Not specified
Award Date
22 Mar 20241 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
SCOTTISH ENTERPRISE
Additional Buyers

SCOTTISH GOVERNMENT

Contact Name
Gordon Hutton
Contact Email
gordon.hutton@scotent.co.uk, spoeprocurement@scotland.gsi.gov.uk
Contact Phone
+44 1412425466, +44 1414686024

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
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
TLM Scotland

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

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

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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                    "description": "Q4C1.2 -- Bidders will be required to provide 4 examples of work carried out over the past three years that evidence that they have experience in servicing open defined benefit public sector schemes which have a pensioner payroll of 1 000 or greater. Examples might include: -- Annual pension increase. -- pensioner existence exercise. -- an annual benefit statement exercise. -- GMP reconciliation. Bidders should provide the name, dates, accounts for examples provided. Bidders should restrict each example to a descriptive paragraph of not more than 300 word. These will be evaluated on a PASS/FAIL basis. Pass equals providing 4 examples detailing relevant experience to deliver the service. Fail equals failure to provide 4 examples detailing relevant experience to deliver the service. Q4C1.2 Bidders will be required to provide 4 examples of work carried out over the past three years that evidence that they have experience in servicing open defined benefit public sector schemes which have a pensioner payroll of 1000 or greater. Examples might include: -- Review of investment strategy. -- Introduction or refinement of LDI. -- Review of illiquid assets. -- Active manager and performance review. -- Climate change and other ESG reports. Bidders should provide the name, dates, accounts for examples provided. Bidders should restrict each example to a descriptive paragraph of not more than 300 words. These will be evaluated on a PASS/FAIL basis. Pass equals providing 4 examples detailing relevant experience to deliver the service. Fail equals failure to provide 4 examples detailing relevant experience to deliver the service."
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        "reviewDetails": "In the first instance, contact the Head of Facilities Management and Procurement at Scottish Enterprise, with any concerns or enquiries. Email: https://www.scottish-enterprise.com/help/contact-us. An economic operator that suffers, or risks suffering, loss or damage attributable to a breach of duty under the Public Contracts (Scotland) Regulations 2015, may bring proceedings that will be started in the High Court.",
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    "description": "This is a relevant climate change contract, bidders are required to complete and return the attached Climate Change Plan template. SPD Statement for 2A.17 - Form of Participation (Notably as part of a group, consortium, joint venture or similar). Any contract will be entered into with the nominated lead organisation and all members of the consortium, who will in these circumstances each be required to execute said contract together with all ancillary documentation, evidencing their joint and several liability in respect of the obligations and liabilities of the contract. It will be for members of the consortium to sort out their respective duties and liabilities amongst each other. For administrative purposes, any associated documentation will be sent to the nominated lead organisation. SPD Statement for 2C.1 - Where the main bidder relies on the capacities of other entities in order to meet the selection criteria, the bidder must provide a separate SPD response setting out the information required under SPD (Scotland): Part II (sections A and B); Part III exclusion grounds; the relevant part of Section IV selection criteria; and Part V (if applicable) for each of the entities concerned. SPD Statement for 2D.1.2 - If the bidder proposes to subcontract any part(s) of the service and those sub-contractors are not relied upon, they should arrange for a separate SPD response from each potential subcontractor. The subcontractors must complete the relevant parts of the SPD (Scotland) (Sections A and B of Part II and Part III only) to self-declare whether there are grounds for their exclusion. [This may be requested at the selection stage or prior to the subcontractor commencing work on the contract.] (SC Ref:762396)",
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    "awards": [
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