Find a TenderCancelledTransparency notice
Published 7 Mar 2025, 14:29 GMT

Official UK procurement notice

Climate Scenario Data · UK public procurement notice

Official notice

Authority: Government Actuary's Department (Central government)

ServicesBelow threshold - open competitionBelow threshold
Sectors: IT Services & Software (72) Delivery: UK
Published estimate£65,000≈ £65k / year · £78,000 inc. VAT
Submissions closed 10 Mar 2025
Contract term 1 yrends 23 Mar 2026 · up to 23 Mar 2027 with extensions · starts 24 Mar 2025

What is being bought

Published requirement description

The contracting authority is looking to procure a set of climate scenarios that articulate the impact of climate change on the assumptions that it makes as part of it's actuarial advice work.

The climate scenarios will articulate adjustments to financial assumptions - including asset returns (such as returns on equities or bonds), inflation indices (e.g. CPI and wages) and economic variable (e.g. GDP etc).

The data will include a range of climate scenarios - for example under different levels of global warming or different speeds of policy response.

CPV: Data supply services

The lotProcurement structure

single lot · value published
Lot #1No awardRenewal 1 yrPublished value£65,000
Contract period: 24 Mar 2025 – 23 Mar 2026 (1 yr) · up to 23 Mar 2027 with extensionsValue: £65,000 exc. VAT · £78,000 inc. VAT
Delivery: UK
Extensions: 1 x 12 month extension option

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

Lot awarding rule: Suppliers will be reviewed for best fit against the following criteria: Range of climate scenarios available Asset classes covered within data and level of granularity i.e. IG and HY corporate bonds, equity regions and indices, EM and DM sovereigns etc Macroeconomic assumptions available i.e. GDP, inflation, interest rates, government bond yields Level of country and sector disaggregation available within data Data sources for scenarios i.e. NGFS, Shared Socioeconomic Pathways, GTAP, MAGICC climate model etc Level of support available in using assumptions? i.e. model methodology documents, access to support for questions on data etc Compatibility with Moody's Economic Scenario data (which we currently receive via an alternative contract) Any restrictions on our use of data i.e. can we use the data in providing advice to clients, in public blogs etc Cost of offering (one off data provision)

Procedure terms & legal framework

From the official record
Procedure method
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Cancelled
Procurement threshold
Below threshold
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
7 Mar 2025, 14:29 GMT
Last source update
12 Mar 2025, 12:32 GMT
Authority reference
2025/S 000-008368
FTS notice number
2025/S 000-008368
Latest notice
Transparency notice (UK5)
Classification (CPV)
Data supply services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-04ea92 Find a Tender

How it was run

Official notice
Submission deadline
10 Mar 2025, 23:59 GMT
Electronic submission
Not allowed
Detailed submission instructions & authority contactsFrom official release

Timeline

7 Mar 2025 → 24 Mar 2025 · 4 dates
  1. Tender notice published
    7 Mar 2025, 14:29 GMT
  2. Submission deadline
    10 Mar 2025, 23:59 GMT
  3. Latest notice published
    12 Mar 2025, 12:32 GMT
  4. Contract starts
    24 Mar 2025

Notice history

2 events · 1 release on Find a Tender · since 7 Mar 2025
  1. Tender notice published
    7 Mar 2025, 14:29 GMT
    UK4
  2. Transparency notice published
    12 Mar 2025, 12:32 GMT
    UK5

Contracting authority & participating public bodies

Government Actuary's Department

Contracting authorityPublic authority - central government GB-PPON: PJVY-9952-JQGR 6th Floor, 10 South Colonnade, London, London, E14 4PUContact email

Official documents & specifications (2)

Official links; attachments are not copied

Notices published for this procedure

  • Transparency notice tenderTransparency noticeUK5Transparency notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender