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Actuarial Pension Valuation Services for the University of Birmingham

Actuarial services
West Midlands (UKG31)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: UNIVERSITY OF BIRMINGHAM: "Actuarial Pension Valuation Services for the University of Birmingham". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityUNIVERSITY OF BIRMINGHAMScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: UNIVERSITY OF BIRMINGHAM
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for UNIVERSITY OF BIRMINGHAM. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
1Bids / Report
100% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 3 active published awards; 1 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityUNIVERSITY OF BIRMINGHAM
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published3 Dec 2021, 14:12 GMT
Last source update3 Dec 2021, 14:12 GMT
Recurring procurementNot published
ClassificationActuarial services
Delivery area
West Midlands (UKG31)
OCIDocds-h6vhtk-02fd04
What is being bought
Actuarial Pension Valuation Services for the University of Birmingham. The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.
What changed
From the official release history
  1. Status changed to complete
    3 Dec 2021, 14:12 GMT
  2. Official notice release published
    3 Dec 2021, 14:12 GMT
  3. Buyer information updated
    3 Dec 2021, 14:12 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    Actuarial Pension Valuation Services for the University of Birmingham. The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    3 Dec 2021, 14:12 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 3 Dec 2021, 00:00 GMT · £300,000
Commercial outcome and competition
Awards
ISIO Group Limited
Not published · Not published · active
Contracts
Actuarial Pension Valuation Services for the University of Birmingham
£300,000 · signed 3 Dec 2021, 00:00 GMT · active
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

UNIVERSITY OF BIRMINGHAM

Contracting authority GB-FTS-31013
View buyer profile

  • UNIVERSITY OF BIRMINGHAM
    buyer

    University of Birmingham, BIRMINGHAM, UKG31, B152TT
    p.markham@bham.ac.uk

  • ISIO Group Limited
    supplier

    1 Colmore Square, Birmingham, UKG31, B4 6AJ
    Matt.Brown@isio.com
    +44 1212273600

  • The University of Birmingham
    reviewBody

    Birmingham, B152TT
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe contract is not being put out to competitive tender for the following reasons: 1. The relationship between the employer and the pension scheme during a valuation cycle can be challenging and it is important that as many of the team involved are consistent. The team from ISIO, previously at KPMG have supported the University for the last 3 valuation cycles and have developed a strong working relationship with both parties that is valuable in positioning and negotiations 2. The pensions team at ISIO have specific technical knowledge gained over previous valuation cycles that another party would need significant time and support to gain for this next valuation cycle 3. The change of personnel at the University, change of Treasurer and HR Director is already bringing some change into the valuation process, it is not advisable therefore to change advisors as well 4. The advisors need to have relevant technical experience and to not be conflicted from operating as an advisor to the University and/or the pension scheme which reduces the field of potential advisors significantly