Award

Provision of Managed Shared Cost Additional Voluntary Contributions Scheme

NORTH AYRSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

13 Nov 2024 at 00:00

PCS Notice - Website Contract Award Notice
Summary of the contracting process

North Ayrshire Council has conducted a procurement process for the "Provision of Managed Shared Cost Additional Voluntary Contributions Scheme", classified under the general public services industry category. The procurement process has reached the Award stage with the contract being officially signed on 4th November 2024. The contract commenced on 8th November 2024 and is set to run until 7th November 2027, with an option for a 24-month extension. The contract is valued at approximately £279,000, which covers administrative costs through National Insurance savings. The service will be delivered in the region of UKM93, including Irvine, Kilmarnock, and surrounding areas.

This tender presents significant business growth opportunities for companies specialising in employee benefits administration, specifically those experienced with Local Government Pension Scheme (LGPS) and NHS pension scheme members. Small and medium-sized enterprises (SMEs) like AVC Wise Limited, which secured the contract, are well-suited to offer such tailored financial services and compliance solutions. The open procedure procurement method ensures a competitive and transparent bidding process, encouraging diverse participation and rewarding innovation and efficiency in the delivery of public services.

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Notice Information

Notice Title

Provision of Managed Shared Cost Additional Voluntary Contributions Scheme

Notice Description

North Ayrshire Council ("NAC") required the renewal of the managed shared cost additional voluntary contributions ("AVC") scheme. This direct award issued against the Portsmouth City Council Salary Sacrifice Additional Voluntary Contributions framework, reference AVC651848481, is required to provide this service. The contract commenced on 8th November 2024 until 7th November 2027 with an option to extend by up to 24 months. Extensions will be at the sole discretion of NAC and subject to satisfactory performance and funding. There is no budget for this contract as the administration cost will be covered by the NI saving achieved through running the scheme. This will be in the region of 279,000 GBP.

Lot Information

Lot 1

AVC's are currently available to employers with Local Government Pension Scheme (LGPS) and NHS pension scheme members, and it is an employer's decision whether they implement a scheme. The key advantages of an AVC scheme are that members can achieve significant savings whilst growing their retirement pot, helping toward a more secure financial future. The scheme also enables the organisations themselves to make Employer National Insurance and Apprenticeship Levy savings too.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000783223
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518260
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£279,000 £100K-£500K

Notice Dates

Publication Date
13 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Nov 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTH AYRSHIRE COUNCIL
Contact Name
Not specified
Contact Email
lynseybennett@north-ayrshire.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
IRVINE
Postcode
KA12 8EE
Post Town
Kilmarnock
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM9 Southern Scotland
Small Region (ITL 3)
TLM93 North Ayrshire and East Ayrshire
Delivery Location
TLM93 North Ayrshire and East Ayrshire
Local Authority
North Ayrshire
Electoral Ward
Irvine South
Westminster Constituency
Central Ayrshire

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV518260
    Provision of Managed Shared Cost Additional Voluntary Contributions Scheme - North Ayrshire Council ("NAC") required the renewal of the managed shared cost additional voluntary contributions ("AVC") scheme. This direct award issued against the Portsmouth City Council Salary Sacrifice Additional Voluntary Contributions framework, reference AVC651848481, is required to provide this service. The contract commenced on 8th November 2024 until 7th November 2027 with an option to extend by up to 24 months. Extensions will be at the sole discretion of NAC and subject to satisfactory performance and funding. There is no budget for this contract as the administration cost will be covered by the NI saving achieved through running the scheme. This will be in the region of 279,000 GBP.

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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