Published date: 18 June 2019

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: 19 July 2019

Contract summary

Industry

  • Pension fund management services - 66141000

Location of contract

OX11ND

Value of contract

£5,000,000

Procurement reference

OXFS001-DN412526-71366297

Published date

18 June 2019

Closing date

19 July 2019

Contract start date

1 September 2019

Contract end date

15 September 2024

Contract type

Service contract

Procedure type

Open procedure

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Oxfordshire County Council, require a replacement of their existing Pension Administration Software and Hosting service prior to the expiry of the existing contract in January 2020. Throgh use of this software they currenty adminster the pension records of circa 70000 members of a number of schemes including the Local Government Pension Scheme (LGPS), The Fire Service Pension Schemes (FPS) and the Teachers' Compensatory Added Years (CAY). To meet their obligations as pension administrators Oxford County Council require an efficient and effective pension administration software product that can hold necessary information and make calculations in line with all pension and overriding pension legislation. The pension administration software is used to run a monthly payrol to pay the pensions to around 15,000 pension members amounting to c£6,300,000 each month. The administration software is also used, as above, to hold records; calculate and pay benefits for Fire Pension Scheme members and whilst the numbers are much smaller there is far more complexity here with 5 schemes (sets of regulation) to use in calculating benefit entitlements.

About the buyer

Contact name

Martin Hall

Address

Oxfordshire County Council
3rd Floor County Hall
Oxford
OX1 1ND
England

Telephone

+44 7889164706

Email

martin.hall@oxfordshire.gov.uk

Website

http://www.oxfordshire.gov.uk