Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Northern Ireland Housing Executive
2 Adelaide Street
Belfast
BT2 8BP
UK
Contact person: becca1.mcknightirelandnihe.gov.uk
E-mail: becca1.mcknightireland@nihe.gov.uk
NUTS: UK
Internet address(es)
Main address: https://etendersni.gov.uk/epps
Address of the buyer profile: https://etendersni.gov.uk/epps
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://etendersni.gov.uk/epps/cft/prepareViewCfTWS.do?resourceId=5285717
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Q2403 - TENDER FOR THE PROVISION OF ACTUARIAL VALUATION SERVICES FOR THE NILGOSC PENSION FUND OF THE NORTHERN IRELAND HOUSING EXECUTIVE
II.1.2) Main CPV code
66510000
II.1.3) Type of contract
Services
II.1.4) Short description
The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.
II.1.5) Estimated total value
Value excluding VAT:
30 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
66500000
II.2.3) Place of performance
NUTS code:
UKN0
II.2.4) Description of the procurement
The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.
II.2.5) Award criteria
Criteria below:
Price
II.2.6) Estimated value
Value excluding VAT:
30 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
It is anticipated, but not guaranteed, that a new procurement procedure may be initiated during the extension period, if used, or during the final year of the initial contract period.
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.2.13) 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
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
25/03/2024
Local time: 15:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Tender must be valid until:
23/07/2024
IV.2.7) Conditions for opening of tenders
Date:
25/03/2024
Local time: 15:30
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
Belfast
UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
NIHE will incorporate a minimum 10 calendar day standstill period from the point information on the contract award is. communicated to tenderers in accordance with the Public Contracts Regulations 2015. A contract will not be entered into during this period. Appeal procedures are specified in the Public Contracts Regulations 2015.
VI.5) Date of dispatch of this notice
11/03/2024