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Economic Scenario Model (ESM) — The Board of the Pension Protection Fund | UKGovscan
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AWARDEDProcurement notice · The Board of the Pension Protection FundRef ocds-h6vhtk-02a5d2
The Pension Protection Fund (PPF) awarded a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure.
This procurement was divided into 1 lots, each awarded separately. 6 bids were received in total.
Lots
1
Initial Term Value
£1,115,410
Bids Received
6
Bids per Lot
6
Lot
Value
Bids Received
Awarded To
Status
Lot 1
2,880 days (≈7.9 yrs)
£1,115,410
initial term
6
Ortec Finance Ltd
active
Data note: the source feed marks these lots as cancelled even though their awards are active — an inconsistency in the published notice. The award status is shown above.
Award criteria
Weightings from the notice.
Technical85%
Price15%
Key Dates
Published
21 May 2024
Tender Open
-
Tender Deadline
12 May 2021
Award Date
-
Contract Signed
15 February 2022
Contract Start
-
Contract End
-
Notice Amendments
Changes the buyer published to this notice after it first appeared.
Amendment 1
Change (IV.2.2): 12 May 2021 → 14 May 2021
Change (IV.2.7): 12 May 2021 → 14 May 2021
Amendment 2
Change (II.2.4): - → Initial contract value (ex VAT) has been updated in line with the now known expected spend on additional modules. The scope for additional modules and subsequent spend were included within the Invitation to Tender Specification and the FTS Award Notice.
Updated Contract Value - £1,5134,253
Change (II.1.7): - → Addition of 3 new modules - ALM, Climate and ECF Liability - the contract value is £1,534,253.85 (ex VAT). The scope for these additional modules and subsequent spend were included within the Invitation to Tender Specification and the FTS Award Notice.
Procurement Details
Method
Open — any supplier may bid
Method Details
Open procedure
Route to market
Open competition
Main category
Goods
Category
Public utilities
Delivery location
UK, UKI62
Open under
WTO Government Procurement Agreement
Buyer Reference
ocds-h6vhtk-02a5d2
Legal Basis
Public Contracts Regulations 2015 (EU Directive 2014/24)
CPV Codes
48000000 – Software package and information systems; 65000000 – Public utilities