Published date: 16 May 2018

Last edited date: 16 May 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 29 May 2018

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Insurance and pension services - 66500000

  • Pension services - 66520000

    • Pension fund consultancy services - 66523000

    • Pension fund administration services - 66523100

Location of contract

SW1A 0PW

Value of contract

£2,000,000

Procurement reference

GSV1701

Published date

16 May 2018

Closing date

29 May 2018

Contract start date

9 July 2018

Contract end date

8 July 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Parliamentary Contributory Pension Fund which is governed by a board of Trustees outsources the administration of the scheme to a third party. The present supplier's contract will come to an end and the Trustees are therefore issuing an invitation to tender for the provision of this service.

The supplier will work closely with the Secretariat who support the trustees and are based in the Corporate Services team in the House of Commons. The PCPF is however a separate legal entity from the house of Commons.

The contract is for a period of 5 years with an option to extend for another 5 under the same terms.

The estimated value of the contract is £2 million over the extended life of the contract.

The PCPF is a small (approx. £700 million) funded, public sector scheme which is unique in the public-sector sphere. The scheme is a defined benefit scheme, with CARE and final salary sections, has approximately 2,500 members and is open to UK Members of Parliament and paid Ministers.

In addition to providing core administration services to the Trustees, the supplier will be expected to demonstrate an understanding of the nature of PCPF client base, take a pro-active approach (in relation to responsibilities under contract and topical issues) and provide clear, effective and holistic communications supporting the Trustees' communications strategy.

More information

Links

Additional text

The ITT documents will be accessible at the Houses of Parliament's e-procurement portal: http://in-tendhost.co.uk/parliamentuk. Tender submissions must be uploaded to the e-procurement portal; electronic responses submitted via e-mail are not acceptable. To access these documents select the tender reference GSV1701 in the 'current tenders' list, click on the 'view tender details' and express interest by clicking on the button provided. You will need to register your company details, thereafter you will be issued with a username and password. If you have previously registered with In-Tend, please follow the link shown which will redirect you to the home page where you can log on using your existing username and password to collect the tender documents. If you have registered and forgotten your username and password, click on the 'forgotten password' link on the In-Tend homepage. Please keep this username and password secure and do not pass it to any third parties. If you are experiencing problems, please contact the PPCS Business Support team via email: ppcs@parliament.uk or call +44 (0)207 219 1600 for further assistance. You are advised to allow sufficient time when responding to this ITT, and for the full uploading of documents, prior to the closing date of 10.00 am UK time on 29th of May 2018. Late tenders will not be accepted. If you are uploading multiple documents you will have to individually load one document at a time or you can opt to zip all the documents in an application such as WinZip or WinRAR.

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Parliamentary Procurement & Commercial Service

Address

Westminster
London
London
SW1A 0PW
United Kingdom

Telephone

02072191600

Email

ppcs@parliament.uk