Pensions Valuation Software

{
  "id": "078186-2026",
  "tag": [
    "planning"
  ],
  "date": "2026-08-17T15:04:35+01:00",
  "ocid": "ocds-h6vhtk-06e5c6",
  "buyer": {
    "id": "GB-PPON-PJVY-9952-JQGR",
    "name": "Government Actuary's Department"
  },
  "tender": {
    "id": "P12813",
    "lots": [
      {
        "id": "1",
        "status": "planning",
        "hasRenewal": true,
        "contractPeriod": {
          "endDate": "2033-02-28T23:59:59Z",
          "startDate": "2028-03-01T00:00:00Z",
          "maxExtentDate": "2038-02-28T23:59:59Z"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
            "region": "UK",
            "country": "GB",
            "countryName": "United Kingdom"
          }
        ],
        "additionalClassifications": [
          {
            "id": "48460000",
            "scheme": "CPV",
            "description": "Analytical, scientific, mathematical or forecasting software package"
          }
        ]
      }
    ],
    "title": "Pensions Valuation Software",
    "value": {
      "amount": 1400000,
      "currency": "GBP",
      "amountGross": 1680000
    },
    "status": "planning",
    "legalBasis": {
      "id": "2023/54",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents",
      "scheme": "UKPGA"
    },
    "description": "The Government Actuary's Department (GAD) is a non-ministerial department and Arm's Length Body of His Majesty's Treasury.\nGAD provides actuarial solutions, including financial risk analysis, modelling and advice, to support the UK public sector. GAD works with a wide range of government departments, public bodies and other organisations, providing impartial actuarial expertise to assist effective decision-making and management of financial risk.\nGAD is undertaking preliminary market engagement in relation to an actuarial valuation software solution. GAD currently utilises a third-party software platform to support the delivery of actuarial valuation, modelling and pension scheme analysis services across a range of public sector clients. The existing contract runs to  February 2028, and GAD is commencing early market engagement to better understand available solutions, market capability, implementation approaches and emerging innovations.\nThe Authority is interested in engaging with suppliers that can provide an off-the-shelf software solution and associated services capable of supporting actuarial valuation and modelling activities, including (but not limited to):\n•\tPension scheme valuation calculations and analysis, covering:  Active, Deferred and Pensioner members, Open to future accrual, Final Salary & Career Average Revalued Earnings\n•\tCashflow and funding modelling\n•\tAsset Liability Modelling\n•\tScenario testing and sensitivity analysis\n•\tData import, validation and management\n•\tReporting and audit trail functionality\n•\tAppropriate security, resilience and support arrangements\n•\tTransition, implementation and user training services.\n•\tData migration and exit capability from incumbent systems.\nThe purpose of this engagement is to:\n•\tUnderstand the current supplier landscape.\n•\tInform the development of requirements and the procurement strategy.\n•\tIdentify opportunities for innovation and improved functionality.\n•\tBetter understand implementation, migration and transition considerations.\n•\tAssess approach to future valuation systems including available commercial models and contracting approaches.\nParticipation in this engagement will not confer any advantage or disadvantage in any future procurement process.",
    "communication": {
      "futureNoticeDate": "2027-03-01T23:59:59Z"
    },
    "aboveThreshold": true,
    "mainProcurementCategory": "goods"
  },
  "parties": [
    {
      "id": "GB-PPON-PJVY-9952-JQGR",
      "name": "Government Actuary's Department",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UKI42",
        "country": "GB",
        "locality": "London",
        "postalCode": "E14 4PU",
        "countryName": "United Kingdom",
        "streetAddress": "6th Floor, 10 South Colonnade"
      },
      "details": {
        "url": "https://www.gov.uk/government/organisations/government-actuarys-department",
        "classifications": [
          {
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE",
            "description": "Public authority - central government"
          }
        ]
      },
      "identifier": {
        "id": "PJVY-9952-JQGR",
        "scheme": "GB-PPON"
      },
      "contactPoint": {
        "email": "GADCommercial@gad.gov.uk"
      }
    }
  ],
  "language": "en",
  "planning": {
    "documents": [
      {
        "id": "078186-2026",
        "url": "https://www.find-tender.service.gov.uk/Notice/078186-2026",
        "format": "text/html",
        "noticeType": "UK2",
        "description": "Preliminary market engagement notice on Find a Tender",
        "documentType": "marketEngagementNotice",
        "datePublished": "2026-08-17T15:04:35+01:00"
      }
    ],
    "milestones": [
      {
        "id": "engagement",
        "type": "engagement",
        "status": "scheduled",
        "dueDate": "2026-12-31T23:59:59Z",
        "description": "The Authority intends to engage with interested suppliers through one or more of the following activities:\n•\tExpressions of interest.\n•\tSupplier questionnaires.\n•\tOne-to-one supplier discussions.\n•\tSupplier demonstrations and presentations.\n•\tRequests for written information.\nEngagement discussions may cover:\n•\tProduct functionality and roadmap.\n•\tTechnical architecture and hosting arrangements.\n•\tData migration approaches.\n•\tIntegration capabilities.\n•\tLicensing and commercial models.\n•\tImplementation timescales.\n•\tSupport and service management arrangements.\n•\tExit and transition support.\nSuppliers wishing to participate should register their interest by contacting the Authority using the details below.\nInformation obtained during market engagement will be used solely to inform procurement planning, specification development and route-to-market decisions."
      }
    ]
  },
  "initiationType": "tender"
}