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PURCH2906 Provision of a Framework Agreement for Pension Accounting Services

University of Glasgow

This public procurement record has 2 releases in its history.

Award

16 Jul 2026 at 01:00

PCS Notice - Website Contract Award Notice
Tender

30 Mar 2026 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The University of Glasgow procured a framework agreement for pension accounting services, classified under CPV 79211000 (accounting services). The requirement is for an actuary to support the university’s Tax, Treasury and Financial Reporting Team with pension accounting work for its year-end consolidated financial statements. The service is delivered for the University of Glasgow in Glasgow. The agreement is intended for a specialist professional services provider able to supply actuarial advice and pension accounting support to a higher education organisation. The procurement covers one completed lot and uses electronic working, including electronic ordering, payment and permitted electronic invoicing. The requirement is specifically focused on pension accounting rather than general accounting or unrelated financial services.

This completed procurement used an open procedure and was evaluated against economic selection requirements. The tender deadline and bid opening were 30 April 2026 at 12:00, with the award period starting the same day. The contract was awarded to Isio Group Limited and signed on 15 July 2026. Its value is £69,147. The contract period is 1,440 days, described as three years with an option for one 12-month extension. Five electronic bids were received, including one from an SME. The framework allows a maximum of one participant. Bidders needed public liability, employers’ liability and professional indemnity insurance, each with a £5 million limit of indemnity. Variant bids were not allowed, and submissions had to be in English.

This award indicates a defined demand from a major university for specialist pension accounting and actuarial support linked to year-end consolidated financial reporting. Suppliers considering comparable work for this buyer would need demonstrable capability in pension accounting, actuarial analysis and the preparation or support of financial statements in a higher education environment. The procurement was competitive, with five electronic bids, so a credible provider would need to present a clear technical offer as well as meet the financial selection threshold. The successful supplier also needed substantial insurance capacity: £5 million for public liability, £5 million for employers’ liability and £5 million for professional indemnity. Providers with these specialist resources and risk protections are best placed for a future equivalent requirement.

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Notice Information

Notice Title

PURCH2906 Provision of a Framework Agreement for Pension Accounting Services

Notice Description

Award of PURCH2906 Provision of a Framework Agreement for Pension Accounting Services

Lot Information

Lot 1

Award of PURCH2906 Provision of a Framework Agreement for Pension Accounting Services for the Period of Three Years with the Option to Extend for One Period of 12 Months only The University the Tax, Treasury and Financial Reporting Team require an actuary to assist us with the following for our year end consolidated financial statements Please refer to the 'PURCH2906 Invitation to Tender Goods or Services' for further details and specification

Renewal: 12 months extension

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000828030
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL560333
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79211000 - Accounting services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£69,147 Under £100K

Notice Dates

Publication Date
16 Jul 20262 months ago
Submission Deadline
30 Apr 2026Expired
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 Glasgow
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G12 8QQ
Postcode Area
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
Hillhead
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Isio Group 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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