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active
Official procurement procedure

Great British Nuclear (GBN) Workplace Pension Scheme

Government employee pension schemes
Group pension services
Pension fund administration services
+3 more
UK
Published value
£1,257,480
Submission deadline 23 Oct 2023, 12:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Great British Nuclear ("GBN"): "Great British Nuclear (GBN) Workplace Pension Scheme". Published status: active. Published value: £1,257,480. 1 published lot. Recorded submission deadline: 23 Oct 2023, 12:00 BST. See the official notice for participation instructions.
Contracting AuthorityGreat British Nuclear ("GBN")Scope & CategoriesNot publishedSubmission Window
Closed
23 Oct 2023, 12:00 BST
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£1,257,480
Bidder Intelligence · Authority Profile: Great British Nuclear ("GBN")
Market Analytics
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Derived from OCDS awards & bid statistics
Published history for Great British Nuclear ("GBN"). 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
Not availableNo published reports
Bid counts are not published for this buyer
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: 0 active published awards; 0 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 Unpublished data stays unknown.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 AuthorityGreat British Nuclear ("GBN")
Procedure methodNot published
Procurement categoryNot published
Statusactive
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published22 Sept 2023, 16:28 BST
Last source update22 Sept 2023, 16:28 BST
Recurring procurementNo
ClassificationGovernment employee pension schemes, Group pension services, Pension fund administration services, Pension fund management services, Pension investment services, Pension services
Delivery area
UK
OCIDocds-h6vhtk-040322
What is being bought
The Government is committed to a programme of new nuclear projects beyond Sizewell C, giving industry and investors the confidence, they need to deliver projects at speed. Great British Nuclear (GBN) was launched to lead delivery of a programme of new nuclear projects. GBN is an executive non-departmental public body, sponsored by the Department for Energy Security and Net Zero. GBN will implement UK policy on new nuclear generation, ensuring energy security and implement a programme that will deliver faster, better value projects with private sector investment.   GBN intends to establish a Defined Contribution (DC) pension plan for its employees which will also act as the auto-enrolment scheme. GBN is seeking a provider to establish a Defined Contribution workplace pension for its employees. All employees will be new staff as such there are no existing DC assets to transfer into the new pension plan. GBN reserves the right to extend the pension provision to any subsidiary which may be set up. GBN reserves the right not to make any award at all, or where an award is made not to extend provision to any subsidiary which may be set up. The estimated total value is indicative only and is based upon GBN’s current understanding of the market, the potential costs of the Total Expense Ratio charge and prior to the conduct of the competitive procurement process.
What changed
From the official release history
  1. Published value updated to £1,257,480
    22 Sept 2023, 16:28 BST
  2. Status changed to active
    22 Sept 2023, 16:28 BST
  3. Official notice release published
    22 Sept 2023, 16:28 BST
  4. Submission deadline changed to 23 Oct 2023, 12:00 BST
    22 Sept 2023, 16:28 BST
  5. Buyer information updated
    22 Sept 2023, 16:28 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    active
    Published valueNot published
    GBN requires a provider to establish a Defined Contribution workplace pension for its employees. GBN reserves the right to extend this provision to its subsidiaries. The Procurement Process will take the form of an Open Procedure and will be conducted in accordance with PCR 2015. In accordance with the Public Services (Social Value) Act 2012, GBN must consider (a) how what is proposed to be procured might improve the economic, social and environmental well-being of the area where it exercises its functions, and (b) how in conducting the process of procurement it might act with a view to securing that improvement. Accordingly, GBN has taken this into account when designing the procurement. The required pension plan is to include the following: Ability to operate under the provider’s Master Trust arrangement; Provision of a ‘matching approach’ with a strong level of contributions; Provision of a competitive, flexible, and modern pension arrangement; One contribution structure for all employees; Availability for entry on day 1 of employment; Contributions based on a percentage of basic salary only; Costs to be taken from the contributions made. The tender documents will include further information regarding the requirements. The Invitation to Tender consists of a Qualification, Technical and Commercial evaluation The contract will be awarded to the Most Economically Advantageous Tender. Additional information: GBN currently has no employees, it is anticipated these will be recruited from the wider nuclear industry
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    22 Sept 2023, 16:28 BST
  2. Submission deadline
    23 Oct 2023, 12:00 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

Great British Nuclear ("GBN")

Contracting authority GB-FTS-93301
View buyer profile
Documents (2)
Official links; attachments are not copied

  • economicSelectionCriteria

    tender
    economicSelectionCriteria

  • technicalSelectionCriteria

    tender
    technicalSelectionCriteria
Related procedures (0)
No data
No related procedures published