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AwardedFind a Tender · award

AHDB Actuarial Services

Buyer: AHDB →

BuyerAHDB
StatusAwarded
DeadlineNot published
ValueValue not published
Published6 Aug 2021

What is being bought

The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary. AHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”). The procurement was split into two Lots: - Lot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme - Lot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.

Delivery location

UK · UK

Categories

Actuarial services 66519600Actuarial services 66519600

Lot details

Actuarial Advice

Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services

Statuscancelled

Award criteria
price

IAS19 Calculation

IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).

Statuscancelled

Award criteria
price

What is included

ItemCategoryQuantity
1Actuarial servicesNot published
2Actuarial 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 662,7583 median · 17.2 average (1,184 of 2,758 with a bid count)2.5 average (1,316 of 2,758 with named award suppliers)Not published
Same buyer0Not publishedNot publishedNot published
Delivery region: UK8935 median · 28.1 average (349 of 893 with a bid count)3.3 average (388 of 893 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 agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Awards

Contracts

Actuarial Services

Statusactive

IAS19 Calculation

Statusactive
Value£160,000

Documents & submission route

No documents are published in the current source record.

Source data inventory

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

OCIDocds-h6vhtk-029f7d
Latest release ID019129-2021
Latest release timestampFri Aug 06 2021 21:44:07 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statuscomplete
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: endNot published
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: startNot published
Award period: endNot published
Submission method detailsNot published
Submission languagesNot published
Electronic catalogue policyNot published
Total tender valueNot published
Tender lots in source2
Tender items in source2
Tender documents in source0
Awards in latest release2
Contracts in latest release2
Parties in latest release4

Notice history

DateEventReference
6 Aug 2021award, contract019129-2021
25 Mar 2021tender006155-2021

All source data

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

Complete current OCDS release JSON
{
  "id": "019129-2021",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "3",
        "value": 6,
        "measure": "bids",
        "relatedLot": "1"
      },
      {
        "id": "4",
        "value": 7,
        "measure": "bids",
        "relatedLot": "2"
      },
      {
        "id": "1",
        "value": 360000,
        "measure": "lowestValidBidValue",
        "currency": "GBP",
        "relatedLot": "1"
      },
      {
        "id": "2",
        "value": 360000,
        "measure": "highestValidBidValue",
        "currency": "GBP",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2021-08-06T22:44:07+01:00",
  "ocid": "ocds-h6vhtk-029f7d",
  "buyer": {
    "id": "GB-FTS-2657",
    "name": "AHDB"
  },
  "awards": [
    {
      "id": "019129-2021-1",
      "title": "Actuarial Services",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-24914",
          "name": "Mercer Ltd"
        }
      ],
      "relatedLots": [
        "1"
      ]
    },
    {
      "id": "019129-2021-2",
      "title": "IAS19 Calculation",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-24915",
          "name": "Mercer Ltd"
        }
      ],
      "relatedLots": [
        "2"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-029f7d",
    "lots": [
      {
        "id": "1",
        "title": "Actuarial Advice",
        "status": "cancelled",
        "options": {
          "description": "3 years +1+1+1"
        },
        "hasOptions": true,
        "description": "Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      },
      {
        "id": "2",
        "title": "IAS19 Calculation",
        "status": "cancelled",
        "options": {
          "description": "2 years +1+1"
        },
        "hasOptions": true,
        "description": "IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      },
      {
        "id": "2",
        "relatedLot": "2",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      }
    ],
    "title": "AHDB Actuarial Services",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary. \nAHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”).\nThe procurement was split into two Lots: \n-\tLot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme\n-\tLot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.",
    "classification": {
      "id": "66519600",
      "scheme": "CPV",
      "description": "Actuarial services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-2657",
      "name": "AHDB",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "Kenilworth",
        "postalCode": "CV8 2TL",
        "countryName": "United Kingdom",
        "streetAddress": "Stoneleigh Park"
      },
      "details": {
        "url": "http://www.ahdb.org.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "scheme": "COFOG",
            "description": "Agriculture"
          }
        ]
      },
      "identifier": {
        "legalName": "AHDB"
      },
      "contactPoint": {
        "email": "procurement@ahdb.org.uk",
        "telephone": "+44 2072385921"
      }
    },
    {
      "id": "GB-FTS-24914",
      "name": "Mercer Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC3R 5BU",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Mercer Ltd"
      }
    },
    {
      "id": "GB-FTS-24915",
      "name": "Mercer Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Mercer Ltd"
      }
    },
    {
      "id": "GB-FTS-2660",
      "name": "AHDB",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Kenilworth",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "AHDB"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "019129-2021-1",
      "title": "Actuarial Services",
      "status": "active",
      "awardID": "019129-2021-1",
      "dateSigned": "2021-08-01T00:00:00+01:00"
    },
    {
      "id": "019129-2021-2",
      "title": "IAS19 Calculation",
      "value": {
        "amount": 160000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "019129-2021-2",
      "dateSigned": "2021-08-01T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
Complete JSON history (2 releases)
6 Aug 2021 · 019129-2021 · award, contract
{
  "id": "019129-2021",
  "tag": [
    "award",
    "contract"
  ],
  "bids": {
    "statistics": [
      {
        "id": "3",
        "value": 6,
        "measure": "bids",
        "relatedLot": "1"
      },
      {
        "id": "4",
        "value": 7,
        "measure": "bids",
        "relatedLot": "2"
      },
      {
        "id": "1",
        "value": 360000,
        "measure": "lowestValidBidValue",
        "currency": "GBP",
        "relatedLot": "1"
      },
      {
        "id": "2",
        "value": 360000,
        "measure": "highestValidBidValue",
        "currency": "GBP",
        "relatedLot": "1"
      }
    ]
  },
  "date": "2021-08-06T22:44:07+01:00",
  "ocid": "ocds-h6vhtk-029f7d",
  "buyer": {
    "id": "GB-FTS-2657",
    "name": "AHDB"
  },
  "awards": [
    {
      "id": "019129-2021-1",
      "title": "Actuarial Services",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-24914",
          "name": "Mercer Ltd"
        }
      ],
      "relatedLots": [
        "1"
      ]
    },
    {
      "id": "019129-2021-2",
      "title": "IAS19 Calculation",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-FTS-24915",
          "name": "Mercer Ltd"
        }
      ],
      "relatedLots": [
        "2"
      ]
    }
  ],
  "tender": {
    "id": "ocds-h6vhtk-029f7d",
    "lots": [
      {
        "id": "1",
        "title": "Actuarial Advice",
        "status": "cancelled",
        "options": {
          "description": "3 years +1+1+1"
        },
        "hasOptions": true,
        "description": "Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      },
      {
        "id": "2",
        "title": "IAS19 Calculation",
        "status": "cancelled",
        "options": {
          "description": "2 years +1+1"
        },
        "hasOptions": true,
        "description": "IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      },
      {
        "id": "2",
        "relatedLot": "2",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      }
    ],
    "title": "AHDB Actuarial Services",
    "status": "complete",
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "description": "The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary. \nAHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”).\nThe procurement was split into two Lots: \n-\tLot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme\n-\tLot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.",
    "classification": {
      "id": "66519600",
      "scheme": "CPV",
      "description": "Actuarial services"
    },
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-2657",
      "name": "AHDB",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "Kenilworth",
        "postalCode": "CV8 2TL",
        "countryName": "United Kingdom",
        "streetAddress": "Stoneleigh Park"
      },
      "details": {
        "url": "http://www.ahdb.org.uk",
        "classifications": [
          {
            "id": "BODY_PUBLIC",
            "scheme": "TED_CA_TYPE",
            "description": "Body governed by public law"
          },
          {
            "scheme": "COFOG",
            "description": "Agriculture"
          }
        ]
      },
      "identifier": {
        "legalName": "AHDB"
      },
      "contactPoint": {
        "email": "procurement@ahdb.org.uk",
        "telephone": "+44 2072385921"
      }
    },
    {
      "id": "GB-FTS-24914",
      "name": "Mercer Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "postalCode": "EC3R 5BU",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Mercer Ltd"
      }
    },
    {
      "id": "GB-FTS-24915",
      "name": "Mercer Ltd",
      "roles": [
        "supplier"
      ],
      "address": {
        "region": "UK",
        "locality": "London",
        "countryName": "United Kingdom"
      },
      "details": {
        "scale": "large"
      },
      "identifier": {
        "legalName": "Mercer Ltd"
      }
    },
    {
      "id": "GB-FTS-2660",
      "name": "AHDB",
      "roles": [
        "reviewBody"
      ],
      "address": {
        "locality": "Kenilworth",
        "countryName": "United Kingdom"
      },
      "identifier": {
        "legalName": "AHDB"
      }
    }
  ],
  "language": "en",
  "contracts": [
    {
      "id": "019129-2021-1",
      "title": "Actuarial Services",
      "status": "active",
      "awardID": "019129-2021-1",
      "dateSigned": "2021-08-01T00:00:00+01:00"
    },
    {
      "id": "019129-2021-2",
      "title": "IAS19 Calculation",
      "value": {
        "amount": 160000,
        "currency": "GBP"
      },
      "status": "active",
      "awardID": "019129-2021-2",
      "dateSigned": "2021-08-01T00:00:00+01:00"
    }
  ],
  "initiationType": "tender"
}
25 Mar 2021 · 006155-2021 · tender
{
  "id": "006155-2021",
  "tag": [
    "tender"
  ],
  "date": "2021-03-25T22:56:04Z",
  "ocid": "ocds-h6vhtk-029f7d",
  "buyer": {
    "id": "GB-FTS-2657",
    "name": "AHDB"
  },
  "tender": {
    "id": "2020-459",
    "lots": [
      {
        "id": "1",
        "title": "Actuarial Advice",
        "value": {
          "amount": 360000,
          "currency": "GBP"
        },
        "status": "active",
        "options": {
          "description": "Initial term of 3 years, with the option to extend for an option three 12 month extension periods (3+1+1+1)."
        },
        "renewal": {
          "description": "Initial term of 3 years, with the option to extend for an option three 12 month extension periods (3+1+1+1)."
        },
        "hasOptions": true,
        "hasRenewal": true,
        "description": "•\tTo support AHDB in managing the legacy pension arrangements, including the minimisation of volatility and cost. \n•\tActuarial valuation – to support AHDB in discussions with the Trustees on triennial actuarial valuations, including agreement of funding assumptions. \n•\tAccounting services - to advise on assumptions and methodology to be used and comment on and query as appropriate IAS19 calculations provided to the employer by the Scheme Actuaries, or the Supplier for Lot 2,   including supporting AHDB in discussions with the National Audit Office (NAO) who audit the report and accounts. \n•\tAd hoc projects – to work with AHDB and the Trustees on other projects – for example, proposed pensions change consultations potential liability management exercises to reduce current and future risk.",
        "contractPeriod": {
          "endDate": "2024-07-31T23:59:59+01:00",
          "startDate": "2021-08-01T00:00:00+01:00"
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      },
      {
        "id": "2",
        "title": "IAS19 Calculation",
        "status": "active",
        "options": {
          "description": "2 year initial term with the option to extend for a further two 12 month extensions (2+1+1)."
        },
        "renewal": {
          "description": "2 year initial term with the option to extend for a further two 12 month extensions (2+1+1)."
        },
        "hasOptions": true,
        "hasRenewal": true,
        "description": "•\tTo obtain from the Scheme and other advisors and hold an up-to-date member data extract, investment values, scheme basis/rules and other information as required to perform the relevant calculations (currently as per IAS19), with assumptions to be advised by AHDB or such agent as they see fit.\n•\tTo provide annual year-end accounting figures and assumptions /methodology report for the MLC Pension Scheme, applying assumptions provided by AHDB (or its agent). Requirements to be performed within pre-agreed project plan timescales to ensure submission of accounts in an agreed timescale.\n•\tDuring the annual audit period, in line with the requirements of the bodies to which AHDB reports, all queries will need to be responded to within 24 hours (one working day).",
        "contractPeriod": {
          "endDate": "2023-06-30T23:59:59+01:00",
          "startDate": "2021-08-01T00:00:00+01:00"
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      },
      {
        "id": "2",
        "relatedLot": "2",
        "deliveryAddresses": [
          {
            "region": "UK"
          }
        ],
        "additionalClassifications": [
          {
            "id": "66519600",
            "scheme": "CPV",
            "description": "Actuarial services"
          }
        ]
      }
    ],
    "title": "AHDB Actuarial Services",
    "status": "active",
    "bidOpening": {
      "date": "2021-04-30T15:00:00+01:00"
    },
    "legalBasis": {
      "id": "32014L0024",
      "scheme": "CELEX"
    },
    "lotDetails": {
      "maximumLotsBidPerSupplier": null,
      "maximumLotsAwardedPerSupplier": 2
    },
    "recurrence": {
      "description": "01/01/2023"
    },
    "awardPeriod": {
      "startDate": "2021-04-30T15:00:00+01:00"
    },
    "description": "Actuarial advisory services are required by the Agriculture and Horticulture Development Board (AHDB), in respect of two legacy Defined Benefit pension schemes. This is distinct from the requirements of the schemes themselves which appoint their own actuary.  \nAHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”). \n2.1.3\tThe procurement is split into two Lots:  \n•\tLot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme \n•\tLot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.",
    "tenderPeriod": {
      "endDate": "2021-04-30T15:00:00+01:00"
    },
    "hasRecurrence": true,
    "classification": {
      "id": "66519600",
      "scheme": "CPV",
      "description": "Actuarial services"
    },
    "submissionTerms": {
      "languages": [
        "en"
      ]
    },
    "submissionMethod": [
      "electronicSubmission",
      "written"
    ],
    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://defra.bravosolution.co.uk/web/login.html",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-2657",
      "name": "AHDB",
      "roles": [
        "buyer",
        "reviewBody"
      ],
      "address": {
        "region": "UK",
        "locality": "Kenilworth",
        "postalCode": "CV8 2TL",
        "countryName": "United Kingdom",
        "streetAddress": "Stoneleigh Park"
      },
      "details": {
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        "classifications": [
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          {
            "scheme": "COFOG",
            "description": "Agriculture and Horticulture"
          }
        ]
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      "identifier": {
        "legalName": "AHDB"
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      "contactPoint": {
        "url": "https://defra.bravosolution.co.uk/web/login.html",
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}