---
title: "Economic Scenario Model (ESM)"
ocid: "ocds-h6vhtk-02a5d2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02a5d2"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02a5d2.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02a5d2.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE BOARD OF THE PENSION PROTECTION FUND"
published: "2024-05-21"
---

# Economic Scenario Model (ESM)

Buyer: THE BOARD OF THE PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-h6vhtk-02a5d2

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## Summary

The Pension Protection Fund (PPF) has initiated a tender process for the Economic Scenario Model (ESM) under an open procedure. The buying organisation, The Board of the Pension Protection Fund, located in Croydon, UK, is seeking software package and information systems in the goods category. The contract involves the development of additional modules, including ALM, Climate, and ECF Liability, with an updated value of £1,534,253.85 excluding VAT. Key dates include the submission deadline and new dates for certain sections following amendments, enhancing opportunities for businesses in the software industry.

This tender by the PPF for the Economic Scenario Model (ESM) presents growth opportunities for businesses specialised in software package and information systems. The contract, based on the Public Contracts Regulations 2015, supports the continuous development needs of the PPF within a changing market. The procurement stage is significant for businesses aiming to provide bespoke solutions and services within the digital software sector. Businesses offering innovative technologies, ongoing system developments, and flexibility to meet evolving market demands are well-suited to compete in this procurement process.

## Notice

The Pension Protection Fund (PPF) awarded a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure.

### Lot Information

Lot 1

The PPF procured a licence and associated services for an Economic Scenario Model (ESM) for use in assumption-generation for a range of medium and long-term modelling. The solution provides a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects. The outputs also facilitate the projection of the liabilities of the PPF and those of the pension schemes it protects.

Options: Please refer to Appendix 1 - Specifications for potential additional services.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/016072-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 May 2024 |
| Submission deadline | 12 May 2021 |
| Future notice date | Not specified |
| Award date | 15 Feb 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,115,410 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE BOARD OF THE PENSION PROTECTION FUND |
| Additional buyers | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLI62 Croydon |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ORTEC FINANCE |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 65 - Public utilities

### Codes

- 48000000 - Software package and information systems
- 65000000 - Public utilities

## Release History

- 21 May 2024 at 15:41 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/016072-2024
- 10 Mar 2022 at 22:45 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/006637-2022
- 27 Jul 2021 at 17:14 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/007777-2021
- 15 Apr 2021 at 21:55 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/007995-2021

## Notice URLs

- http://www.ppf.co.uk/
- https://ppf.bravosolution.co.uk/web/login.html
- https://www.ppf.co.uk

## 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-h6vhtk-02a5d2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02a5d2.json.