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Published 10 Oct 2022, 16:13 BST

Official UK procurement notice

BTA1813 - Independent Pension Advice & IAS 19 Valuation & Disclosure

Official notice

Authority: VisitBritain/VisitEngland·Consortium: 2 public authorities

ServicesOpen procedure
Sectors: Financial and insurance services (66) Delivery: London (UKI)
Published estimate£385,000≈ £132k / year
Submissions closed 9 Nov 2022awarded 23 Jan 2023
Awarded to Pricewaterhouse Coopers LLP2 awards
Contract term 2 yrs 11 moends 5 Jan 2026 · extension options published · starts 5 Jan 2023

What is being bought

Published requirement description

The scope of this procurement relates to the BTA (VisitBritain) section of the scheme only and covers independent pension advice to assist BTA in managing its obligations as an employer, having a collaborative relationship with the Trustees of the scheme, ensuring the scheme has an appropriate investment strategy in order to minimise the risk of deficit contributions and the calculations for the employer IAS19 accounting disclosures.

CPV: Actuarial services · Group pension services

The lotProcurement structure

single lot · value published
Lot #1UK DB Pensions Scheme Independent Pension Advice & IAS 19 Valuation & Disclosure ServicesAwardedRenewal 2 yrs 11 moPublished value£385,000
Contract period: 5 Jan 2023 – 5 Jan 2026 (2 yrs 11 mo)
Delivery: London · N/A
Extensions: Option to extend for 2 further periods of 12 months each.Variant bids: not allowed
66519600 Actuarial services66522000 Group pension services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 80%Price: 20%
Published award criteria (2)
  • Quality: 80%
  • Price: 20%
Conditions of participation1
  • Suitability

    As stated in the procurement documents.

What this means for your bid
  • Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
10 Oct 2022, 16:13 BST
Last source update
26 Sept 2023, 14:47 BST
Award evaluation window
9 Nov 2022 – …
Authority reference
BTA1813
FTS notice number
2023/S 000-028372
Classification (CPV)
Actuarial servicesGroup pension services
Delivery area
London (UKI)
Official registry OCID
ocds-h6vhtk-03747e Find a Tender

How it was run

Official notice
Run through: portal not identified
Language: EN

Tender documents are also served through a separate tool: https://visitbritain.force.com/s/Welcome ↗

Submission deadline
9 Nov 2022, 12:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
9 Nov 2022, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

visitbritain.force.com/s/Welcome ↗

Timeline

9 Nov 2022 → 26 Sept 2023 · 4 dates
  1. Submission deadline
    9 Nov 2022, 12:00 GMT
  2. Bids opened
    9 Nov 2022, 12:00 GMT
  3. Contract starts
    5 Jan 2023
  4. Notice published
    26 Sept 2023, 14:47 BST

Notice history

3 events · 3 releases on Find a Tender · since 26 Jan 2023
  1. Status changed to complete
    26 Jan 2023, 12:00 GMT
  2. Buyer details updated
    26 Jan 2023, 12:00 GMT
  3. Buyer details updated
    26 Sept 2023, 14:47 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 2
Awarded value £722,5002 contracts exc. VAT
Bids received 12
Contracts signed 2latest 23 Jan 2023
Awarded toValueDateStatus
Pricewaterhouse Coopers LLP£357,000 †—Awarded
Pricewaterhouse Coopers LLP£365,500 †—Awarded

Contracts

  • Contract 002399-2023-1 · Pricewaterhouse Coopers LLP

    Signed
    23 Jan 2023
    Value
    £357,000
    Period
    … – 5 Jan 2026
    Status
    active

  • BTA1813 - Independent Pension Advice & IAS 19 Valuation & Disclosure · Pricewaterhouse Coopers LLP

    Signed
    23 Jan 2023
    Value
    £365,500
    Period
    5 Jan 2023 – 5 Jan 2026
    Status
    active
    • Change Additional Services, Need for additional works, services or supplies by the original contractor/concessionaire: Additional Services

Bid statistics published by the authority

BidsSMEVCSEValid bid range
12bids · 12 electronic———

Contracting authority & participating public bodies

2 public bodies on the notice

VisitBritain/VisitEngland

Contracting authorityBody governed by public lawTourism 3 Grosvenor Gardens, Victoria, London, London, SW1W 0BDContact name, email

Dispute resolution & review bodies

  • Royal Court of Justice, The StrandReview bodyReview contact point LondonContact email

Bidders & participating suppliers

1 commercial party on the notice
  • Pricewaterhouse Coopers LLPAwarded supplierOC303525 PriceWaterhouseCoopersLLP, 1 Embankment Place, London, WC2N 6RH, London, UK, WC2N 6RHContact phone

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria