Closed tender

Cordoba Agreement Pension Scheme

Details

Value
£860,000
Topic
Pension fund management services
Published
2 December 2024
Submission
17 December 2024

Tender description

The FCDO also has responsibility for the payment of a pension related to overseas service agreements. There are currently approximately 678 monthly and 189 quarterly paid pensioners in receipt of this pension. This is a closed pension scheme, and the average age is around 91 years. The pensioner population is declining each year with a limited number of eligible widows. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

Timeline

  1. Completed: Tender published2 December 2024
    Current notice
  2. Completed: Submission date17 December 2024

About the buyer

The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Every procurement runs on Jaggaer, the department's eSourcing portal, where suppliers register to bid. Opportunities and awards are published on Contracts Finder, and bids above threshold need Central Digital Platform registration. A commercial pipeline is updated every quarter. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.

Relevant CPV codes

  • 66141000 · Pension fund management services
  • 66520000 · Pension services

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Decision makers

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