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Award for provision of specialist pensions advice - University of Aberdeen

University of Aberdeen

This public procurement record has 1 release in its history.

Award

30 Mar 2026 at 01:00

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

The contracting process for specialist pensions advice was completed by the University of Aberdeen, situated in Aberdeen, Scotland (region UKM50). This award, designated under contract ID AU25/61, focused on the provision of services within the education sector. The tender was awarded following a limited procurement method without prior publication of a call for competition, as per Regulation 33 of the Public Contracts (Scotland) Regulations 2015. This decision, made to maintain continuity with Mercer Limited, was based on technical reasons related to their existing in-depth knowledge and previous advisory experience. The contract was signed on 30 March 2026, with a value of £100,000.00 GBP.

This procurement offers businesses specialising in pension advisory services opportunities to engage with educational institutions that require comprehensive technical expertise and continuity in service provision. Although this award highlights Mercer Limited as the successful supplier due to its established rapport and accumulated institutional understanding, similar opportunities may be ideal for large entities with robust experience in handling legacy fund decisions and complex actuarial analysis. The contracting process ensures efficiency and continuation of ongoing financial strategies without disruption, benefiting suppliers with similar profiles. Businesses looking to grow in the public sector niche should focus on developing detailed technical knowledge and longstanding advisory relationships to compete effectively for such contracts.

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Notice Information

Notice Title

Award for provision of specialist pensions advice - University of Aberdeen

Notice Description

Award for provision of specialist pensions advice - University of Aberdeen

Lot Information

Lot 1

Award for provision of specialist pensions advice - University of Aberdeen

Procurement Information

Under Regulation 33 of the Public Contracts (Scotland) Regulations 2015, a contracting authority may award a contract without prior publication under specific limited circumstances, which include: The absence of competition for technical reasons; or When changing supplier would cause disproportionate technical difficulties. Mercer has acted as the organisation's pension fund advisor previously, during which they have accrued deep institutional knowledge, detailed understanding of legacy fund decisions, actuarial assumptions, long-term funding strategies, employer-specific risk profiles, and historic governance matters Continuity maintains efficiency and prevents duplication of prior analysis. Transitioning pension advisory services to a new provider would require: A full transfer of historic actuarial data, funding models, demographic analysis, and long-term modelling assumptions; Extensive re-familiarisation by a new advisor, significantly increasing risk of misinterpretation, delay, or faulty modelling; Disruption to ongoing reviews, employer contribution setting, triennial valuation processes, and governance cycles.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000827972
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR552770
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
30 Mar 20266 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
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
University of Aberdeen
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ABERDEEN
Postcode
AB24 3FX
Postcode Area
Aberdeen
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM5 North Eastern Scotland
Small Region (ITL 3)
TLM50 Aberdeen City and Aberdeenshire
Delivery Location
TLM50 Aberdeen City and Aberdeenshire
Local Authority
Aberdeen City
Electoral Ward
Tillydrone/Seaton/Old Aberdeen
Westminster Constituency
Aberdeen North

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer Limited

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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