Awarded contract

Actuarial and Benefits

Details

Value
£2,100,000
Duration
7 years
Topic
Financial and insurance services
Published
15 February 2022

Tender 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

Timeline

  1. Completed: Award date1 January 2022
  2. Completed: Award published15 February 2022
    Current notice
  3. Next: Contract expiry date31 December 2028in 2 years

About the buyer

Wolverhampton City Council is a local authority that runs its own corporate procurement function covering goods and services for the city. Many requirements are sourced through existing frameworks, where suppliers have already pre-competed, rather than run as fresh competitions.

Projects due for retender within the next three years appear in a rolling procurement pipeline.

Over the past 5 years, most of Wolverhampton City Council's contract awards have been in architectural and engineering services, construction work and health and social work.

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Decision makers

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Contact nameJob titlePhone numberWork email
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Contracts Manager+44 •••• ••••••

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