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Provision of Actuarial Services for the Sponsoring Employer of the UoDSS Pension Scheme

University of Dundee

This public procurement record has 1 release in its history.

Tender

24 Aug 2026 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The University of Dundee is seeking an independent, professionally qualified actuarial adviser for the sponsoring employer of the University of Dundee Superannuation Scheme. The adviser will support the University through the forthcoming pension scheme valuation process. This is a specialist actuarial consultancy service, covering pension valuation advice to the sponsoring employer rather than general financial advice or administration. The service is classified under CPV 66519600, actuarial services. The requirement is for delivery in Scotland, for a public-sector education organisation based in Dundee. The procurement is a single requirement, with the University of Dundee acting as the buying organisation and managing the appointment. It will suit actuarial firms with relevant pension-scheme advisory capability and experience supporting employers through formal valuation exercises.

The procurement has reached tender: the University invited offers through an open procedure. Bids were to be submitted electronically in English by 23 September 2026 at 12:00 UTC, with public bid opening at 12:30 UTC the same day. The contract is for 360 days, with an optional single 12-month renewal. Bids must remain valid for 90 days after submission. Evaluation is based on price, weighted at 30, and quality, with the approach and methodology criterion weighted at 15. The evaluation and award period starts on 23 September 2026 at 12:30 UTC. Variants are not allowed, and an electronic catalogue is required. The successful adviser is expected to provide staff names and professional qualifications.

This opportunity suits actuarial consultancies that can provide an independent adviser who is professionally qualified and able to support a sponsoring employer through a pension scheme valuation. Bidders should be able to demonstrate a sound approach and methodology for carrying out and advising on the forthcoming valuation process, while also submitting a competitive price. The requirement is focused on specialist professional advice rather than the supply of goods, construction or routine administration. Firms should be prepared to identify the personnel who will deliver the work and provide their professional qualifications. It is suitable for suppliers with the actuarial expertise, experienced staff and delivery capacity to manage a defined valuation assignment, with the potential for a further year of work if the optional renewal is exercised.

How relevant is this notice?

Notice Information

Notice Title

Provision of Actuarial Services for the Sponsoring Employer of the UoDSS Pension Scheme

Notice Description

The University wishes to appoint an independent, professionally qualified actuarial adviser to support it as sponsoring employer through the forthcoming valuation process.

Lot Information

Lot 1

The University wishes to appoint an independent, professionally qualified actuarial adviser to support it as sponsoring employer through the forthcoming valuation process.

Renewal: 1 x 12 month renewal - optional

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000840967
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG562928
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
OJEU - F2 - Contract Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66519600 - Actuarial services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Aug 20262 days ago
Submission Deadline
23 Sep 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Dundee
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DUNDEE
Postcode
DD1 4HN
Postcode Area
Dundee
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM03 Angus and Dundee City
Delivery Location
TLM Scotland
Local Authority
Dundee City
Electoral Ward
West End
Westminster Constituency
Dundee Central

Further Information

Notice Documents

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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