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Q2403 - TENDER FOR THE PROVISION OF ACTUARIAL VALUATION SERVICES FOR THE NILGOSC PENSION FUND OF THE NORTHERN IRELAND HOUSING EXECUTIVE

Buyer: Northern Ireland Housing Executive →

Participate on etendersni.gov.uk ↗External submission platform

BuyerNorthern Ireland Housing Executive
StatusClosed
Deadline25 Mar 2024
Value£30,000
Published11 Mar 2024

What is being bought

The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.

Delivery location

UKN0

Categories

Insurance and pension services 66500000Insurance services 66510000

Lot details

Lot 1

The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.

Statusactive
Value£30,000

Award criteria
price

What is included

ItemCategoryQuantity
1Insurance and pension servicesNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Insurance and pension services (66500000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 661,8773 median · 17.4 average (744 of 1,877 with a bid count)2.5 average (836 of 1,877 with named award suppliers)Not published
Same buyer2Not published1 average (1 of 2 with named award suppliers)Not published
Delivery region: UKN0155 median · 4.8 average (4 of 15 with a bid count)1.4 average (5 of 15 with named award suppliers)Not published
Similar published value (0.5×–2×)25Not publishedNot publishedNot published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNo
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byGPA
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-044739
Latest release ID007666-2024
Latest release timestampMon Mar 11 2024 12:25:32 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2024-03-25T15:00:00Z
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: start2024-03-25T15:30:00Z
Award period: endNot published
Submission method detailshttps://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717
Submission languagesen
Electronic catalogue policyNot published
Total tender value£30,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
11 Mar 2024tender007666-2024

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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  "id": "007666-2024",
  "tag": [
    "tender"
  ],
  "date": "2024-03-11T12:25:32Z",
  "ocid": "ocds-h6vhtk-044739",
  "buyer": {
    "id": "GB-FTS-418",
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  },
  "tender": {
    "id": "ocds-h6vhtk-044739",
    "lots": [
      {
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        "value": {
          "amount": 30000,
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        },
        "status": "active",
        "renewal": {
          "description": "It is anticipated, but not guaranteed, that a new procurement procedure may be initiated during the extension period, if used, or during the final year of the initial contract period."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.",
        "awardCriteria": {
          "criteria": [
            {
              "type": "price"
            }
          ]
        },
        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
        }
      }
    ],
    "items": [
      {
        "id": "1",
        "relatedLot": "1",
        "deliveryAddresses": [
          {
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          }
        ],
        "additionalClassifications": [
          {
            "id": "66500000",
            "scheme": "CPV",
            "description": "Insurance and pension services"
          }
        ]
      }
    ],
    "title": "Q2403 - TENDER FOR THE PROVISION OF ACTUARIAL VALUATION SERVICES FOR THE NILGOSC PENSION FUND OF THE NORTHERN IRELAND HOUSING EXECUTIVE",
    "value": {
      "amount": 30000,
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    "status": "active",
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    },
    "legalBasis": {
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    "awardPeriod": {
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    },
    "description": "The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.",
    "tenderPeriod": {
      "endDate": "2024-03-25T15:00:00Z"
    },
    "hasRecurrence": false,
    "reviewDetails": "NIHE will incorporate a minimum 10 calendar day standstill period from the point information on the contract award is. communicated to tenderers in accordance with the Public Contracts Regulations 2015. A contract will not be entered into during this period. Appeal procedures are specified in the Public Contracts Regulations 2015.",
    "classification": {
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    "submissionTerms": {
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      "bidValidityPeriod": {
        "endDate": "2024-07-23T23:59:59+01:00"
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    },
    "submissionMethod": [
      "electronicSubmission"
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    "procurementMethod": "open",
    "mainProcurementCategory": "services",
    "submissionMethodDetails": "https://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717",
    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-418",
      "name": "Northern Ireland Housing Executive",
      "roles": [
        "buyer"
      ],
      "address": {
        "region": "UK",
        "locality": "Belfast",
        "postalCode": "BT2 8BP",
        "countryName": "United Kingdom",
        "streetAddress": "2 Adelaide Street"
      },
      "details": {
        "url": "https://etendersni.gov.uk/epps",
        "buyerProfile": "https://etendersni.gov.uk/epps",
        "classifications": [
          {
            "id": "REGIONAL_AUTHORITY",
            "scheme": "TED_CA_TYPE",
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          },
          {
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            "scheme": "COFOG",
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          }
        ]
      },
      "identifier": {
        "legalName": "Northern Ireland Housing Executive"
      },
      "contactPoint": {
        "url": "https://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717",
        "name": "becca1.mcknightirelandnihe.gov.uk",
        "email": "becca1.mcknightireland@nihe.gov.uk"
      }
    },
    {
      "id": "GB-FTS-5454",
      "name": "Royal Courts of Justice",
      "roles": [
        "reviewBody"
      ],
      "address": {
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      },
      "identifier": {
        "legalName": "Royal Courts of Justice"
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    }
  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
11 Mar 2024 · 007666-2024 · tender
{
  "id": "007666-2024",
  "tag": [
    "tender"
  ],
  "date": "2024-03-11T12:25:32Z",
  "ocid": "ocds-h6vhtk-044739",
  "buyer": {
    "id": "GB-FTS-418",
    "name": "Northern Ireland Housing Executive"
  },
  "tender": {
    "id": "ocds-h6vhtk-044739",
    "lots": [
      {
        "id": "1",
        "value": {
          "amount": 30000,
          "currency": "GBP"
        },
        "status": "active",
        "renewal": {
          "description": "It is anticipated, but not guaranteed, that a new procurement procedure may be initiated during the extension period, if used, or during the final year of the initial contract period."
        },
        "hasOptions": false,
        "hasRenewal": true,
        "description": "The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.",
        "awardCriteria": {
          "criteria": [
            {
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        },
        "contractPeriod": {
          "durationInDays": 1080
        },
        "submissionTerms": {
          "variantPolicy": "notAllowed"
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      }
    ],
    "items": [
      {
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          {
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          }
        ],
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          {
            "id": "66500000",
            "scheme": "CPV",
            "description": "Insurance and pension services"
          }
        ]
      }
    ],
    "title": "Q2403 - TENDER FOR THE PROVISION OF ACTUARIAL VALUATION SERVICES FOR THE NILGOSC PENSION FUND OF THE NORTHERN IRELAND HOUSING EXECUTIVE",
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    "status": "active",
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      "date": "2024-03-25T15:30:00Z"
    },
    "legalBasis": {
      "id": "32014L0024",
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    },
    "awardPeriod": {
      "startDate": "2024-03-25T15:30:00Z"
    },
    "description": "The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.",
    "tenderPeriod": {
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    },
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    "classification": {
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      "scheme": "CPV",
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    "procurementMethodDetails": "Open procedure"
  },
  "parties": [
    {
      "id": "GB-FTS-418",
      "name": "Northern Ireland Housing Executive",
      "roles": [
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      ],
      "address": {
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        "locality": "Belfast",
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          {
            "id": "04",
            "scheme": "COFOG",
            "description": "Economic affairs"
          }
        ]
      },
      "identifier": {
        "legalName": "Northern Ireland Housing Executive"
      },
      "contactPoint": {
        "url": "https://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717",
        "name": "becca1.mcknightirelandnihe.gov.uk",
        "email": "becca1.mcknightireland@nihe.gov.uk"
      }
    },
    {
      "id": "GB-FTS-5454",
      "name": "Royal Courts of Justice",
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        "countryName": "United Kingdom"
      },
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        "legalName": "Royal Courts of Justice"
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    }
  ],
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  "initiationType": "tender"
}