Awarded contract

Actuary Service

Details

Value
£500,000
Duration
6 years
Topic
Financial and insurance services
Published
19 January 2024

Tender description

The actuarial service is a way of determining, assessing and planning the financial impact of risk levels of uncertain future events. This contract was procured via the National LGPS Framework - Actuarial, Benefits and Governance Consultancy Services Agreement - LOT 1 (Actuary Services)

Timeline

  1. Completed: Award published19 January 2024
    Current notice
  2. Completed: Award date1 February 2024
  3. Next: Contract expiry date31 January 2030in 3 years

About the buyer

Kent County Council is the local authority for Kent, and advertises its tenders through the Kent Business Portal. Opportunities above a set value threshold appear there, and each listing carries a summary, key dates and the contract period. Suppliers register on the portal before expressing interest in an opportunity. The council follows a fully auditable process that complies with public procurement legislation. Unsuccessful bidders can request feedback on their submission once a decision is made. The Commercial Strategy for 2026 to 2028 aims to simplify procurement processes and engage Kent-based businesses, SMEs and VCSEs early.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Kent County Council's contract awards have been in construction work, health and social work and business services.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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Decision makers

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