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plannedFind a Tender · planning

Actuarial Advisory Services Framework

Buyer: NATIONAL GRID UK LIMITED →

BuyerNATIONAL GRID UK LIMITED
Statusplanned
Deadline5 Sept 2026
Value£6,500,000
Published13 Jul 2026

What is being bought

Provision of actuarial advisory services to Group Pensions. Scope of requirements could cover: • advice in relation to accounting, • funding, • investment, • governance, • benefit strategy and design, • mergers & acquisitions and other corporate restructuring, • risk management, • HR and people issues connected to pensions and benefits.

Delivery location

UKC, GB · UKD, GB · UKE, GB · UKF, GB · UKG, GB · UKH, GB · UKI, GB · UKJ, GB · UKK, GB · UKL, GB

Categories

Actuarial services 66519600Pension services 66520000

Lot details

Lot 1

No lot description published.

Statusplanned
Value£6,500,000
Contract periodFrom 1 Dec 2026 to 30 Nov 2031

What is included

ItemCategoryQuantity
1Actuarial services, Pension servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Actuarial services (66519600); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 661,0013 median · 7.5 average (309 of 1,001 with a bid count)1.9 average (355 of 1,001 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UKC831 median · 2.4 average (30 of 83 with a bid count)1.2 average (31 of 83 with named award suppliers)Not published
Similar published value (0.5×–2×)7814 median · 14 average (1 of 78 with a bid count)9 average (1 of 78 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementYes
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeutilities
Covered byNot published
Submission policyallowed
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetValue not published
No-engagement rationaleNot published
Planning documents1
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-06c9d8
Latest release ID065758-2026
Latest release timestampMon Jul 13 2026 15:12:12 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusplanned
Procurement methodselective
Procurement method detailsCompetitive flexible procedure
Main procurement categoryservices
Above thresholdYes
Legal basis2023/54
Tender period: startNot published
Tender period: endNot published
Expression of interest deadline2026-09-05T23:59:59+01:00
Enquiry deadlineNot published
Award period: startNot published
Award period: end2026-10-31T23:59:59Z
Submission method detailsSuppliers wishing to participate in this opportunity should complete the attached 'Expression of Interest (EOI) & SAP Ariba On-boarding Form' and return it to Jennifer.schultz@nationalgrid.com After the Tender Notice is issued on Find a Tender, National Grid Procurement will issue the tender documents via SAP Ariba (www.ariba.com) to those suppliers that have expressed their interest in response to this notice.
Submission languagesen
Electronic catalogue policyNot published
Total tender value£6,500,000
Tender lots in source1
Tender items in source1
Tender documents in source1
Awards in latest release0
Contracts in latest release0
Parties in latest release1

Notice history

DateEventReference
13 Jul 2026planning065758-2026

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "communication": {
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    "procurementMethodDetails": "Competitive flexible procedure",
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    ]
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Complete JSON history (1 releases)
13 Jul 2026 · 065758-2026 · planning
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