--- title: "TfL 96066 Remuneration Benchmarking Services" ocid: "ocds-h6vhtk-036944" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036944" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-036944.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-036944.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "TRANSPORT FOR LONDON" published: "2022-09-16" --- # TfL 96066 Remuneration Benchmarking Services Buyer: TRANSPORT FOR LONDON Current stage: Tender OCID: ocds-h6vhtk-036944 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-036944) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-036944.json) ## Summary The procurement process initiated by Transport for London (TfL) involves a tender for Remuneration Benchmarking Services. This service is classified under Business and management consultancy and related services. The tender is currently active, with a value of £400,000 and a contract period of 3 years extendable for 2 more years. The deadline for submission is October 18, 2022, and the tender criteria comprise 70% technical and 30% commercial weightings. The tender allows electronic submission and will involve an electronic auction. This tender by TfL for Remuneration Benchmarking Services presents an opportunity for consultancy firms experienced in executive remuneration benchmarking across diverse organisations. Interested businesses should be equipped to provide robust market data and insights for executive and director populations. The procurement process is currently in the tender stage, with a focus on quality-based evaluation criteria. Suitable businesses should be prepared to engage with TfL's Remuneration Committee and have the capacity to deliver comprehensive benchmarking reports in line with TfL's requirements within the specified contract timeline. ## Notice TfL requires a consultancy to provide support with the annual executive remuneration benchmarking exercise covering TfL's Executive Committee and Director Population (c 60). There will also be a requirement to support with ad-hoc requests for data (across levels not restricted to Executive and Director Level or equivalent), market research and market insight throughout the Agreement. As a major provider of remuneration benchmarking the Consultant will own a number of multi-industry proprietary surveys including, but not limited to, Executive and Director Level roles from which the Consultant are able to draw robust market data from an agreed peer group of organisations. Please note this is a pre-requisite for selection and must be in place in time for Service Commencement. ### Lot Information Lot 1 The Consultant will primarily be required to advise on an appropriate executive benchmarking methodology for the Executive Committee and Director population and also provide general benchmarking support for roles below Executive and Director level as outlined in section 3.2 below. At the start of the contract, working with the Reward team and with Remuneration Committee input, the Consultant will undertake preliminary work prior to completing any detailed benchmarking of individual roles as follows: Recommend suitable "peer groups" of organisations that are relevant to the diverse nature, size and complexity of TfL to be used to underpin all Executive and Director level benchmarking going forward. We currently operate with 2 separate peer groups formed from i) Publicly Accountable organisations only; ii) General Industry therefore including predominantly private sector comparators excluding Financial Services. Additional information: The Consultant will be required to make recommendations to the Remuneration Committee which may require attendance at Remuneration Committee meetings or the provision of papers for discussion in committee. The output of the annual executive benchmarking exercise will be two separate reports covering the Executive Committee and Director populations. The reports will include market comparisons against base pay, total cash, long term incentives (LTI's'), pension and benefits (total remuneration). Market information will be drawn from the Consultant's proprietary executive surveys and research from publicly available information. Renewal: This Contract will be for 3 years with an option to extend for a further 2 years ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/026120-2022 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 16 Sep 2022 | | Submission deadline | 18 Oct 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £400,000 | | Lots value | £400,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | TRANSPORT FOR LONDON | | Locality | LONDON | | Post town | South East London | | Postcode | SE1 8NJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI44 Lewisham and Southwark | | Local authority | Southwark | | Electoral ward | Borough & Bankside | | Westminster constituency | Bermondsey and Old Southwark | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79400000 - Business and management consultancy and related services ## Release History - 16 Sep 2022 at 15:42 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026120-2022 ## Notice URLs - https://procontract.due-north.com - https://tfl.gov.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-036944. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-036944.json.