Official UK procurement notice
Climate Scenario Data · UK public procurement notice
Authority: Government Actuary's Department (Central government)
What is being bought
Published requirement descriptionThe 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 publishedLot #1No awardRenewalPublished value£65,000
What it takes to wini
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 morei
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).
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)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04ea92Find a Tender
How it was run
Official notice- Submission deadline
- 10 Mar 2025, 23:59 GMT
- Electronic submission
- Not allowed
Timeline
7 Mar 2025 → 24 Mar 2025 · 4 dates- Tender notice published7 Mar 2025, 14:29 GMT
- Submission deadline10 Mar 2025, 23:59 GMT
- Latest notice published12 Mar 2025, 12:32 GMT
- Contract starts24 Mar 2025
Notice history
2 events · 1 release on Find a Tender · since 7 Mar 2025- Tender notice published7 Mar 2025, 14:29 GMTUK4
- Transparency notice published12 Mar 2025, 12:32 GMTUK5
Contracting authority & participating public bodies
Official documents & specifications (2)
Official links; attachments are not copiedNotices published for this procedure
- Transparency notice Transparency notice on Find a Tender
- Tender notice Tender notice on Find a Tender