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Published 25 Mar 2021, 22:56 GMT

Official UK procurement notice

AHDB Actuarial Services · UK public procurement notice

Official notice

Authority: AHDB

2 lotsServicesOpen procedureMax 2 lots per supplier
Sectors: Financial and insurance services (66) Delivery: UK
Awarded value£160,000published contract · exc. VAT
Submissions closed 30 Apr 2021awarded 1 Aug 2021
Awarded to Mercer2 awards
Contract term Varies by lotfirst lot 3 yrs from 1 Aug 2021 · see each lot

What is being bought2 lots · detail below

Published requirement description

The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary.

AHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”).

The procurement was split into two Lots:

  • Lot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme
  • Lot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.
  • Recurrence: 01/01/2023

CPV: Actuarial services

Lots and requirements (2)Procurement structure

2 lots · 1 with a published value · win at most 2 of them
Lot #1Actuarial AdviceAwardedRenewal 3 yrsPublished value£360,000

Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services

Contract period: 1 Aug 2021 – 31 Jul 2024 (3 yrs)
Delivery: UK
Extensions: 3 years +1+1+1 · Initial term of 3 years, with the option to extend for an option three 12 month extension periods (3+1+1+1).Variant bids: not allowed
66519600 Actuarial services
Lot #2IAS19 CalculationAwardedRenewal 1 yr 11 moLot estimate not published

IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).

Contract period: 1 Aug 2021 – 30 Jun 2023 (1 yr 11 mo)
Delivery: UK
Extensions: 2 years +1+1 · 2 year initial term with the option to extend for a further two 12 month extensions (2+1+1).Variant bids: not allowed
66519600 Actuarial services

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
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
Unspecified in notice
Recurring procurement
Yes · 01/01/2023
First published
25 Mar 2021, 22:56 GMT
Last source update
6 Aug 2021, 22:44 BST
Award evaluation window
30 Apr 2021 – …
FTS notice number
2021/S 000-019129
Classification (CPV)
Actuarial services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-029f7d Find a Tender

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
30 Apr 2021, 15:00 BST
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bids opened
30 Apr 2021, 15:00 BST
Detailed submission instructions & authority contactsFrom official release

defra.bravosolution.co.uk/web/login.html ↗

Timeline

30 Apr 2021 → 6 Aug 2021 · 4 dates
  1. Submission deadline
    30 Apr 2021, 15:00 BST
  2. Bids opened
    30 Apr 2021, 15:00 BST
  3. Contract starts
    1 Aug 2021, 00:00 BST
  4. Notice published
    6 Aug 2021, 22:44 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    6 Aug 2021, 22:44 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 2
Awarded value £160,0001 contract exc. VAT
Bids received 13
Contracts signed 2latest 1 Aug 2021
Awarded toValueDateStatus
Lot 1 · Actuarial Advice1 award
MercerActuarial Services——Awarded
Lot 2 · IAS19 Calculation1 award
Mercer£160,000 †—Awarded

Contracts

  • Actuarial Services · Mercer

    Signed
    1 Aug 2021
    Value
    —
    Period
    … – 31 Jul 2024
    Status
    active

  • IAS19 Calculation · Mercer

    Signed
    1 Aug 2021
    Value
    £160,000
    Period
    … – 30 Jun 2023
    Status
    active

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Actuarial Advice6bids——£360,000 – £360,000
2 · IAS19 Calculation7bids———

Contracting authority & participating public bodies

AHDB

Contracting authorityBody governed by public lawAgriculture Stoneleigh Park, Kenilworth, UK, CV8 2TLContact email, phone Published organisation website ↗

Bidders & participating suppliers

2 commercial parties on the notice

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.