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Contract Award Notice

Actuarial Services

  • First published: 21 April 2018
  • Last modified: 21 April 2018
  • Version: N/A
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  • This file may not be fully accessible.

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The buyer is not using this website to administer the notice.

To record your interest or obtain additional information or documents please find instructions within the Full Notice Text. (NOTE: Contract Award Notices and Prior Information Notices do not normally require a response)

Contents

Summary

OCID:
Published by:
London Borough of Bromley
Authority ID:
AA23241
Publication date:
21 April 2018
Deadline date:
-
Notice type:
Contract Award Notice
Has documents:
No
Has SPD:
No
Has Carbon Reduction Plan:
N/A

Abstract

The Actuarial Services required include:

— Triennial actuarial valuations.

— Annual IAS19 and FRS101/102 accounting calculations/schedules.

— Annual cash flow projections.

— General and specialist advice/updates.

— Bulk transfer calculations, bond reviews, and admission calculations/reports.

Full notice text

Contract award notice

Results of the procurement procedure

Section I: Contracting authority

I.1) Name and addresses

London Borough of Bromley

Civic Centre, Stockwell Close

Bromley

BR1 3UH

UK

E-mail: procurement@bromley.gov.uk

NUTS: UKJ4

Internet address(es)

Main address: http://www.bromley.gov.uk

I.4) Type of the contracting authority

Regional or local authority

I.5) Main activity

General public services

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Actuarial Services

Reference number: DN303395

II.1.2) Main CPV code

66519600

 

II.1.3) Type of contract

Services

II.1.4) Short description

The Actuarial Services required for the London Borough of Bromley include the following:

— Triennial actuarial valuations.

— Annual IAS19 and FRS101/102 accounting calculations/schedules.

— Annual cash flow projections.

— General and specialist advice/updates.

— Bulk transfer calculations, bond reviews, and admission calculations/ reports.

The tender opportunity will be run electronically through the London Tenders Portal and suppliers will need to register their company with the portal as soon as possible (if they have not already done so) at www.londontenders.org to ensure they are able to access and submit the relevant documents online. All applications must be made through the London Tenders Portal only and not to the Contact Details contained within this notice.

II.1.6) Information about lots

This contract is divided into lots: No

II.1.7) Total value of the procurement

Value excluding VAT: 330 000.00  GBP

II.2) Description

II.2.3) Place of performance

NUTS code:

UKJ4


Main site or place of performance:

Kent.

II.2.4) Description of the procurement

The Actuarial Services required include:

— Triennial actuarial valuations.

— Annual IAS19 and FRS101/102 accounting calculations/schedules.

— Annual cash flow projections.

— General and specialist advice/updates.

— Bulk transfer calculations, bond reviews, and admission calculations/reports.

II.2.5) Award criteria

Quality criterion: Quality / Weighting: 40

Cost criterion: Price / Weighting: 40

II.2.11) Information about options

Options: No

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

Section IV: Procedure

IV.1) Description

IV.1.1) Type of procedure

Open procedure

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

The procurement is covered by the Government Procurement Agreement: Yes

Section V: Award of contract

A contract/lot is awarded: Yes

V.2 Award of contract

V.2.1) Date of conclusion of the contract

20/02/2018

V.2.2) Information about tenders

Number of tenders received: 2

The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor

Mercer

Mercury Court, Tithebarn Street

Liverpool

L2 2QH

UK

NUTS: UKD72

The contractor is an SME: No

V.2.4) Information on value of the contract/lot (excluding VAT)

Total value of the contract/lot: : 495 000.00  GBP

V.2.5) Information about subcontracting

Section VI: Complementary information

VI.3) Additional information

To view this notice, please click here:

https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=313112500

GO Reference: GO-2018419-PRO-12261544.

VI.4) Procedures for review

VI.4.1) Review body

Royal Courts of Justice

The Strand

London

WC2A 2LL

UK

Telephone: +44 2079476000

VI.4.2) Body responsible for mediation procedures

Royal Courts of Justice

The Strand

London

WC2A 2LL

UK

Telephone: +44 2079476000

VI.4.3) Review procedure

Precise information on deadline(s) for review procedures:

Complaints during the procurement process are conducted under the Official Journal for the European Union (OJEU) in line with the Public Contracts Regulations (2015). Our processes are conducted in a fair, open and transparent manner. We are committed to developing constructive relationships with suppliers and are keen to generate maximum competition in all of our procurements to deliver best value and sustainable cost savings for the taxpayer. The outcome of the evaluation process is totally dependent on the competitive strength of the individual bid submissions, regardless of the bidder's size or place on existing / previous arrangements. We are committed to treating all suppliers fairly and all feedback and complaints are given full and fair consideration. If at any stage we believe that a mistake has been made by us, please be assured that we will rectify it to the extent that we can legally do so. In order to complain you must first be registered on the eSourcing tool for the relevant procurement event. All complaints must be raised via the eSourcing tool messaging facility. If you are still unsatisfied at the outcome of a procurement competition and wish to challenge it, then you should issue legal proceedings under Part 3 chapter 6 (Applications to the Court) of the Public Contracts Regulations 2015 and serve them on the Government Legal Department in accordance with the Civil Procedure Rules Part 66 (Crown Proceedings) and its associated Practice Direction. Please note that service by email is subject to prior agreement with the Head of Litigation at the Government Legal Department Solicitor's Department and is not routinely given.

VI.4.4) Service from which information about the review procedure may be obtained

Royal Court of Justice

The Strand, Holborn

London

WC2A 2LL

UK

Telephone: +44 2079476000

VI.5) Date of dispatch of this notice

19/04/2018

Coding

Commodity categories

ID Title Parent category
66519600 Actuarial services Engineering, auxiliary, average, loss, actuarial and salvage insurance services

Delivery locations

ID Description
100 UK - All

Alert region restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

ID Description
There are no alert restrictions for this notice.

About the buyer

Main contact:
procurement@bromley.gov.uk
Admin contact:
N/a
Technical contact:
N/a
Other contact:
N/a

Further information

Date Details
No further information has been uploaded.

0800 222 9004

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