Supply of Actuarial Software

Supply of Actuarial Software

The scope of the services for this ITT includes provision of a PVS to value pension liabilities for clients across the department.

United Kingdom-London: Financial analysis software package

2017/S 184-377172

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Government Actuary’s Department
2 Southwark Bridge Road
London
SE1 9HS
United Kingdom
Contact person: Catherine Nichols
Telephone: +44 2077176000
E-mail: Catherine.Nicols@gad.gov.uk
NUTS code: UKInternet address(es):Main address: https://www.gov.uk/government/organisations/government-actuarys-department

I.2)Joint procurement

The contract is awarded by a central purchasing body

I.3)Communication

Access to the procurement documents is restricted. Further information can be obtained at: https://cps.bravosolution.co.uk/
Additional information can be obtained from another address:
Government Actuary’s Department
London
United Kingdom
Contact person: Catherine Nichols
E-mail: Catherine.Nicols@gad.gov.uk
NUTS code: UKInternet address(es):Main address: https://www.gov.uk/government/organisations/government-actuarys-department
Tenders or requests to participate must be submitted electronically via: https://cps.bravosolution.co.uk/
Tenders or requests to participate must be submitted to the abovementioned address
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at: https://cps.bravosolution.co.uk/

I.4)Type of the contracting authority

Ministry or any other national or federal authority, including their regional or local subdivisions

I.5)Main activity

Economic and financial affairs

Section II: Object

II.1)Scope of the procurement

II.1.1)Title:

GAD — Supply of Actuarial Software.

Reference number: PR-85-2017

II.1.2)Main CPV code

48441000

II.1.3)Type of contract

Services

II.1.4)Short description:

The Customer’s actuarial software system services contract is currently licensed via Equiniti Group PLC and expires on 31.12.2018. The software has been used by the Customer as their main Pensions Valuation System (PVS) for seven (7) years.

The scope of the services for this ITT includes provision of a PVS to value pension liabilities for clients across the department including:

— Calculating Past Service Liabilities and Future Service Costs for large Public Service Pension Schemes;

— Calculating Past Service Liabilities and Future Service Costs for other schemes that GAD advises;

— Calculating transfer values and broad comparability assessments;

— Other pension based work including long-term cash-flow modelling.

Further details are available at https://cps.bravosolution.co.uk/ (itt_870). To access the ITT, suppliers must first complete a Non-Disclosure Agreement.

II.1.5)Estimated total value

II.1.6)Information about lots

This contract is divided into lots: no
II.2)Description
II.2.1)Title:
II.2.2)Additional CPV code(s)

II.2.3)Place of performance

NUTS code: UK

II.2.4)Description of the procurement:

Software as a service, see https://cps.bravosolution.co.uk/ (ITT_870) for details.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6)Estimated value

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: yes
Description of renewals:

Possible extensions of 12 months.

II.2.9)Information about the limits on the number of candidates to be invited

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession
III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Restricted procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 02/11/2017
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

CPS
London
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

22/09/2017

 

Read More

Tender to Provide HR System and Payroll Managed Service

Tender for Legal Case Management System

Supply Finance Business System to The British Library

Finance and Purchase to Pay Software System – Framework Agreement

CRM Systems Development Tender

Enjoyed this post? Share it!