Official UK procurement notice
Project Metz · UK public procurement notice
Authority: Wirral Borough Council (Local council)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionBulk Purchase Annuity Buy- in
CPV: Insurance and pension services
The lotProcurement structure
single lot · value publishedLot #1Bulk Purchase Annuity Buy- inAwardedPublished value£200,000,000
Bulk Purchase Annuity Buy- in. Additional information: Please note due to the nature of the contract the exact contract length cannot be
determined, to accommodate this the contract length for the purposes of this notice has
been set at 9999 months. The contract will have no fixed end date
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).
Published award criteria (2)
- Quality: 20
- Price: 80
- Suitability
In order to participate in this procurement, bidders must:
- Be authorised by the Prudential Regulation Authority to write bulk annuity business with pension schemes in the UK, and regulated by the Financial Conduct Authority and Prudential Regulatory Authority.
- Be able to demonstrate a Solvency Capital Requirement coverage ratio (by which we mean Own Funds/SCR) in excess of 150% as at 31 December 2022.
- Successive reduction
- Candidates will be reduced successively across stages
- Price carries 80 of 100 points: a 10% discount moves about 8 points. This one is won on the number: sharpen the price before polishing the prose.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Competitive procedure with negotiation
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 29 Sept 2023, 11:16 BST
- Last source update
- 22 Aug 2024, 11:14 BST
- Authority reference
DN679583- FTS notice number
2024/S 000-026801- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-040687Find a Tender
Publisher note: Interested parties should note that the Authority is using The Chest Portal to manage this procurement process, as detailed in section I.3 of this notice. All documentation will be made available through this portal. All communications from interested parties must be submitted through this portal – any communications sent by alternative means will be ignored. Please note that a “request to participate” for the purposes of section IV.2.2 of this notice is by completion and return of a Selection Questionnaire by the stated deadline. Interested parties should note that the Authority reserves the right to cancel or vary this procurement process at any time and will not be liable for any costs or expenses incurred by interested parties in responding to this opportunity. The Authority reserves the right not to award a contract to the lowest priced bidder or indeed to award any contract at all as a result of this procurement. The Authority may change the basis, procedures and/or timescales set out or referred to within the procurement documents.”
How it was run
Official notice- Submission deadline
- 31 Oct 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
Timeline
31 Oct 2023 → 22 Aug 2024 · 2 dates- Submission deadline31 Oct 2023, 12:00 GMT
- Notice published22 Aug 2024, 11:14 BST
Notice history
2 events · 2 releases on Find a Tender · since 22 Aug 2024- Status changed to complete22 Aug 2024, 11:14 BST
- Buyer details updated22 Aug 2024, 11:14 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Aviva Life & Pensions UK Limited | £200,787,000 † | — | Awarded |
Contracts
Contract 026801-2024-1 · Aviva Life & Pensions UK Limited
- Signed
- 15 Apr 2024
- Value
- £200,787,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | — |
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- Royal Courts of Justice StrandReview body
Bidders & participating suppliers
1 commercial party on the notice- Aviva Life & Pensions UK LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.