---
title: "Actuarial and Benefits"
ocid: "ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WOLVERHAMPTON CITY COUNCIL"
published: "2022-02-15"
---

# Actuarial and Benefits

Buyer: WOLVERHAMPTON CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca

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## Summary

The procurement process titled "Actuarial and Benefits" is being conducted by Wolverhampton City Council, aiming to establish contracts for Actuarial and Benefit Consultancy Services and Funding Risk Advisory Services. The procurement falls under the financial services industry and involves a selective method through a framework agreement. The contracts are set to commence on 1 January 2022 and conclude on 31 December 2028, with a potential for two-year extensions. The tender period for submissions ended on 22 September 2021.

This tender presents significant opportunities for consultancy firms, especially those specialising in actuarial services and financial advisory. Given the contract's focus on both Lot 1 and Lot 2 for consultancy and Lot 4 for funding risk advisory, businesses equipped with relevant expertise, particularly small and medium-sized enterprises (SMEs), are encouraged to engage. This is an ideal chance for firms looking to expand their service offerings or establish sustainable relationships within the public sector, as the selected suppliers will provide ongoing services over a prolonged contract period.

## Notice

The Fund is seeking a single supplier to provide both Actuarial and Benefit Consultancy Services (Lot 1 and Lot 2) from the four providers on both these lots i.e. one provider to service both lots. The Fund is separately seeking a single supplier for Funding Risk Advisory Services (Lot 4) from the six providers on this lot. For completeness, the Fund may appoint one sole provider for Lots 1 and 2 combined and a different or the same provider for Lot 4.The period of the contracts for both Lots 1 and 2 combined and separately for Lot 4 will run from 1 January 2022 to 31 December 2026 (with the option for two yearly extensions, firstly to 31 December 2027 and secondly to 31 December 2028), subject to the outcome of this further competition exercise

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4ae9e969-d909-44a3-8cea-00161c69f2a0 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 15 Feb 2022 |
| Submission deadline | 22 Sep 2021 |
| Future notice date | Not specified |
| Award date | 23 Nov 2021 |
| Contract period | 1 Jan 2022 - 31 Dec 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,100,000 |
| Lots value | Not specified |
| Awards value | £2,100,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WOLVERHAMPTON CITY COUNCIL |
| Locality | WOLVERHAMPTON |
| Post town | Wolverhampton |
| Postcode | WV1 1RL |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG39 Wolverhampton |
| Local authority | Wolverhampton |
| Electoral ward | St Peters |
| Westminster constituency | Wolverhampton West |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | HYMANS ROBERTSON; MERCER |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 15 Feb 2022 at 16:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4ae9e969-d909-44a3-8cea-00161c69f2a0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4ae9e969-d909-44a3-8cea-00161c69f2a0
  15th February 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-78f59bc0-0df6-44cb-a49b-620d9921ccca.json.