Official UK procurement notice
Pensions Valuation Software · UK public procurement notice
Authority: Government Actuary's Department (Central government)
What is being bought
Published requirement descriptionThe Government Actuary's Department (GAD) is a non-ministerial department and Arm's Length Body of His Majesty's Treasury.
GAD 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.
GAD 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.
The 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):
- Pension scheme valuation calculations and analysis, covering: Active, Deferred and Pensioner members, Open to future accrual, Final Salary & Career Average Revalued Earnings
- Cashflow and funding modelling
- Asset Liability Modelling
- Scenario testing and sensitivity analysis
- Data import, validation and management
- Reporting and audit trail functionality
- Appropriate security, resilience and support arrangements
- Transition, implementation and user training services.
- Data migration and exit capability from incumbent systems.
The purpose of this engagement is to:
- Understand the current supplier landscape.
- Inform the development of requirements and the procurement strategy.
- Identify opportunities for innovation and improved functionality.
- Better understand implementation, migration and transition considerations.
- Assess approach to future valuation systems including available commercial models and contracting approaches.
Participation in this engagement will not confer any advantage or disadvantage in any future procurement process.
CPV: Analytical, scientific, mathematical or forecasting software package
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How Government Actuary's Department buys Analytical, scientific, mathematical or forecasting software package (CPV 4846), and who usually turns up
Government Actuary's Department’s own published record, next to the published market for the same work. Frameworks and DPS are kept out: they attract a different number of bids. Whole-market view: Analytical, scientific, mathematical or forecasting software package (CPV 4846) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
i
How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
No small-firm winners recorded among this authority’s published awards in this sample.
i
How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Here, local means the winner is registered in the region where that contract was delivered.
A local branch does not count if the registered address is elsewhere.
Most of this buyer’s recorded winners are registered outside Greater London.
i
How long buyers here take to decide after bids close.
Middle value in days from the deadline to the first award notice, on competitions that published both dates.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards were announced within 77 days of the bid deadline.
i
How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
The market share is a minimum: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
i
How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid12%
2–324%
4–635%
7+29%
How did awards compare with estimates?
i
Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate52%
Within ±2%23%
Above estimate26%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 4846Published estimate£1.4m
i
How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 49 past lots.
A forecast, not a list of bidders.
1 bid12%
2–324%
4–635%
7+29%
i
Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
No earlier contract of this buyer matches this lot on the published record.
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Goods
- Notice status
- Planned procurement
- Procurement threshold
- Above threshold (FTS publication)
- 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
- 17 Aug 2026, 15:04 BST
- Last source update
- 17 Aug 2026, 15:04 BST
- Authority reference
P12813- FTS notice number
2026/S 000-078186- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06e5c6Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
17 Aug 2026 → 1 Mar 2028 · 4 dates- Planning notice published65 days ago17 Aug 2026, 15:04 BST
- Today21 Oct 2026
- Market engagementin 72 days31 Dec 2026, 23:59 GMT
The Authority intends to engage with interested suppliers through one or more of the following activities:
- Expressions of interest.
- Supplier questionnaires.
- One-to-one supplier discussions.
- Supplier demonstrations and presentations.
- Requests for written information.
Engagement discussions may cover:
- Product functionality and roadmap.
- Technical architecture and hosting arrangements.
- Data migration approaches.
- Integration capabilities.
- Licensing and commercial models.
- Implementation timescales.
- Support and service management arrangements.
- Exit and transition support.
Suppliers wishing to participate should register their interest by contacting the Authority using the details below.
Information obtained during market engagement will be used solely to inform procurement planning, specification development and route-to-market decisions.
- Tender notice expectedin 132 days1 Mar 2027, 23:59 GMT
- Contract starts1 Mar 2028
Notice history
1 event · 1 release on Find a Tender- Preliminary market engagement notice published17 Aug 2026, 15:04 BSTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender