Actuarial and Benefits

Contract summary

Industry

• Financial and insurance services - 66000000

Location of contract

WV1 1XP

Value of contract

£1,450,000 to £2,100,000

Procurement reference

WMPF21001

Published date

15 February 2022

Closing date

22 September 2021

Closing time

12pm

Contract start date

1 January 2022

Contract end date

31 December 2028

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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Description

The Fund is seeking a single supplier to provide both Actuarial and Benefit Consultancy Services (Lot 1 and Lot 2) from the four providers on both these lots i.e. one provider to service both lots. The Fund is separately seeking a single supplier for Funding Risk Advisory Services (Lot 4) from the six providers on this lot. For completeness, the Fund may appoint one sole provider for Lots 1 and 2 combined and a different or the same provider for Lot 4.The period of the contracts for both Lots 1 and 2 combined and separately for Lot 4 will run from 1 January 2022 to 31 December 2026 (with the option for two yearly extensions, firstly to 31 December 2027 and secondly to 31 December 2028), subject to the outcome of this further competition exercise

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Award information

Awarded date

23 November 2021

Contract start date

1 January 2022

Contract end date

31 December 2028

Total value of contract

£2,100,000

This contract was awarded to 2 suppliers.

HYMANS ROBERTSON LLP

MERCER LIMITED

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About the buyer

Contact name

Carol Wintle

Address

Civic Centre,St. Peters Square
WOLVERHAMPTON
WV11RL
England

Email

carol.wintle@wolverhampton.gov.uk