TD2117- Shared Cost Additional Voluntary Contributions (Pension)

Official notice

Authority: Derby City Council (Local council)

ServicesAward procedure without prior publication of a call for competition

Sectors: Business Services & Consultancy (79) Delivery: East Midlands (UKF11)

Awarded value£149,040published contract · exc. VAT

Awarded 15 Apr 2024no call for competition

Awarded to AVC Wise Ltd2 awards

What is being bought

Published requirement description

Shared Cost AVC's are a salary sacrifice scheme offered to employees who are members of the Local Government Pension Scheme.

CPV: Human resources management consultancy services

The lotProcurement structure

single lot · no lot value published

Lot #1To provide Local Government Pension scheme members the option to join a Shared Cost…Awarded

To provide Local Government Pension scheme members the option to join a Shared Cost AVC salary sacrifice scheme to enable the employee to build an additional pot of money alongside their LG pension contributions that is exempt from Income Tax and National Insurance, with the potential to take it all as a tax-free lump sum on retirement.

Delivery: East Midlands

Extensions: Initial contract term of 3 years plus an option to extend for 2 x 12 months, contract to commence 01/06/2024

Procedure terms & legal framework

From the official record · publisher note attached

Procedure method: Award procedure without prior publication of a call for competition
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
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: Yes (GPA)
Recurring procurement: Unspecified in notice
First published: 15 Apr 2024, 10:47 BST
Last source update: 25 Apr 2024, 11:29 BST
Authority reference: TD2117
FTS notice number: 2024/S 000-013410
Classification (CPV): Human resources management consultancy services
Delivery area: East Midlands (UKF11)
Official registry OCID: ocds-h6vhtk-045225 Find a Tender

Why no open competition: The works, supplies or services can be provided only by a particular economic operator due to absence of competition for technical reasons
Published justification: AVC Wise is currently the only recognised provider of this service.

Review and risk notes

Review procedure: The Council will observe a 10 day standstill period.

Publisher note: Award of a contract without prior publication of a call for competition in OJEU as the procurement falls outside the scope of application of the directive. The Council will observe a 10 day standstill period.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 2

Awarded value £149,0401 contract exc. VAT · 1 repeated publication of the same award counted once

Bids received 1

Contracts signed 2latest 15 Apr 2024

Awarded to	Value	Date	Status
AVC Wise LtdShared Cost Additional Voluntary Contributions (Pension)	£149,040 †same award published again · counted once	—	Awarded
AVC Wise LtdShared Cost Additional Voluntary Contributions (Pension)	£149,040 †	—	Awarded

Contracts

Shared Cost Additional Voluntary Contributions (Pension) · AVC Wise Ltd
Signed
15 Apr 2024
Value
£149,040
Status
active
Shared Cost Additional Voluntary Contributions (Pension) · AVC Wise Ltd
Signed
15 Apr 2024
Value
£149,040
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids	—	—	—

Contracting authority & participating public bodies

DERBY CITY COUNCIL

Contracting authorityLocal CouncilRegional or local authorityGeneral public services Corporation Street, Derby, East Midlands, DE1 2FSContact email

Bidders & participating suppliers

1 commercial party on the notice

AVC WiseAwarded supplierGB-COH: 11406613 Essex, UK

Official documents & specifications

Official links; attachments are not copied

No document links were published on the notice.