---
title: "Economic Scenario Generator Service"
ocid: "ocds-h6vhtk-05f214"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05f214"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05f214.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05f214.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "GOVERNMENT ACTUARY'S DEPARTMENT"
published: "2026-04-10"
---

# Economic Scenario Generator Service

Buyer: GOVERNMENT ACTUARY'S DEPARTMENT  
Current stage: Award  
OCID: ocds-h6vhtk-05f214

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## Summary

The Government Actuary's Department in London has completed a procurement process for the provision of an Economic Scenario Generator Service alongside a Climate Scenario Service. This procurement, which falls under the industry category of economic research services, sought to engage suppliers to deliver critical data services, valued at a gross amount of £690,000, through an open and competitive flexible procedure. The procurement was divided into two lots, each covering different services, and concluded with contracts awarded to Ortec Finance for the Climate Scenario Data Service (Lot 2) and Barnett Waddingham LLP for the Economic Scenario Generator Service (Lot 1). The awarded contracts will span from March and April 2026 until March and April 2029, with potential extensions until 2031.

This tender offers significant business growth opportunities particularly for companies specialising in economic research and modelling services, enabling them to diversify and expand their market reach. Large-scale enterprises experienced in actuarial analysis, climate data modelling, or economic scenario generation services are particularly well-suited for this contract due to its technical requirements and scope. Additionally, the competitive nature of the open procurement method suggests that companies with innovative solutions in these areas can gain a competitive edge and foster long-term partnerships with government departments by delivering exceptional services that meet public sector needs.

## Notice

The Authority is seeking a partner(s) to deliver an economic scenario generator service and a climate scenario service, with an optional call-off asset liability modelling software service.

### Lot Information

Economic Scenario Generator Service

The Authority wishes to procure ESG data to use in its proprietary and third party models to project asset and liability outcomes. This analysis will support the Authority's work in applying actuarial services to the public sector. Such economic scenarios should include all the main institutional investment asset classes and the UK's main inflation indices. Optionality to include further data types is sought, such as further asset classes and other economic variables. The above economic scenarios must be provided at 31 March and 31 December each year, with optionality to include other quarter end or month end dates.

Options: Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service. The optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service.

Renewal: 2 x 12 month extensions available

Climate Scenario Service

The Authority also seeks to procure climate scenarios. The climate scenarios must be provided annually at the end of each financial year, but the supplier should set out how additional climate scenario provision could be made, for the Authority to consider if this adds value to its proposition.

Options: Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service. The optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service.

Renewal: 2 x 12 month extensions available

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/032845-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Apr 2026 |
| Submission deadline | 25 Jan 2026 |
| Future notice date | 12 Dec 2025 |
| Award date | 9 Mar 2026 |
| Contract period | 9 Mar 2026 - 8 Mar 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £575,000 |
| Lots value | £575,000 |
| Awards value | Not specified |
| Contracts value | £635,094 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GOVERNMENT ACTUARY'S DEPARTMENT |
| Additional buyers | GOVERNMENT ACTUARY’S DEPARTMENT |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | BARNETT WADDINGHAM; ORTEC FINANCE |

## CPV Codes

### Divisions

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

### Codes

- 79311400 - Economic research services

## Release History

- 10 Apr 2026 at 12:31 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/032845-2026
- 2 Jan 2026 at 16:03 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/000081-2026
- 22 Dec 2025 at 13:51 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/085417-2025
- 12 Dec 2025 at 15:40 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/082610-2025
- 9 Dec 2025 at 16:10 - Planning - UK3 - Planned Procurement Notice - https://www.find-tender.service.gov.uk/Notice/081171-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/032845-2026
  10th April 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/000081-2026
  2nd January 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/085417-2025
  22nd December 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/082610-2025
  12th December 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/081171-2025
  9th December 2025 - Planned procurement notice on Find a Tender
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623639
  Attachment 3 - Statement-of-Requirements
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623640
  Attachment 4 - Pricing Schedule
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623641
  ESG Short Form Contract
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623637
  Attachment 1 - About the procurement
- https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623638
  Attachment 2 - How to Bid including Evaluation Criteria

## Notice URLs

- https://www.gov.uk/government/organisations/government-actuarys-department
- https://www.legislation.gov.uk/ukpga/2023/54/contents
- https://www.mytenders.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-05f214. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05f214.json.