Official UK procurement notice
Climate Scenario Data · UK public procurement notice
Authority: Government Actuary's Department (Central government)
Sectors: IT Services & Software (72) Delivery: UK
Awarded value£62,400published award · exc. VAT
Awarded 12 Mar 2025no call for competition
Awarded to Ortec Finance LTD
What is being bought
Published requirement descriptionThe contracting authority is looking to procure a set of climate scenarios that articulate the impact of climate change on the assumptions that it makes as part of it's actuarial advice work.
The climate scenarios will articulate adjustments to financial assumptions - including asset returns (such as returns on equities or bonds), inflation indices (e.g. CPI and wages) and economic variable (e.g. GDP etc).
The data will include a range of climate scenarios - for example under different levels of global warming or different speeds of policy response.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Below threshold - without competition
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 12 Mar 2025, 12:32 GMT
- Last source update
- 26 Mar 2025, 15:13 GMT
- Authority reference
2025/S 000-008368- FTS notice number
2025/S 000-011361- Latest notice
- Contract details notice (UK7)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04ec19Find a Tender
Related procedures1
- Replaces an unsuccessful procedure Climate Scenario Data
Notice history
4 events · 3 releases on Find a Tender · since 12 Mar 2025- Transparency notice published12 Mar 2025, 12:32 GMTUK5
- Contract award notice published12 Mar 2025, 12:40 GMTUK6
- Contract signature expected13 Mar 2025, 23:59 GMTscheduled
- Contract details notice published26 Mar 2025, 15:13 GMTUK7
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecastAwards 1
Awarded value £62,4001 award exc. VAT
Contracts signed 1latest 26 Mar 2025
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Ortec Finance LTD14 Mar 2025 – 13 Mar 2026 · up to 13 Mar 2027Extensions: 1 x 12 month extension | £62,400 | 12 Mar 2025 | Awarded |
Contracts
ClimateMAPS Delivery Agreement · Ortec Finance LTD
- Signed
- 26 Mar 2025
- Value
- £62,400
- Period
- 27 Mar 2025 – 26 Mar 2026
- Status
- active
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Ortec Finance LTDAwarded supplier
Official documents & specifications (3)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Transparency notice Transparency notice on Find a Tender