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
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
I.3)Communication
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
I.4)Type of the contracting authority
I.5)Main activity
Section II: Object
II.1.1)Title:
GAD — Supply of Actuarial Software.
II.1.2)Main CPV code
II.1.3)Type of contract
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.1.6)Information about lots
II.2.3)Place of performance
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
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
Possible extensions of 12 months.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.4)Languages in which tenders or requests to participate may be submitted:
Section VI: Complementary information
VI.1)Information about recurrence
VI.4.1)Review body
London
United Kingdom
VI.5)Date of dispatch of this notice:
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