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FIN005/2024 Teesside Pension Administration Service — Middlesbrough Borough Council | UKGovscan
This procurement was divided into 1 lots, each awarded separately. 2 bids were received in total.
Lots
1
Initial Term Value
£7,893,000
Value with Extensions
£8,000,000
Bids Received
2
Bids per Lot
2
Lot
Value
Bids Received
Awarded To
Status
Lot 1
2,880 days (≈7.9 yrs)
£8,000,000
£7,893,000 initial term
2
Tyne and Wear Pension Fund
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.
Quality60%
Price40%
Key Dates
Published
6 January 2025
Tender Open
-
Tender Deadline
1 January 2025
Award Date
-
Contract Signed
9 October 2024
Contract Start
-
Contract End
-
Extension option
This contract will have an initial term of 4 years followed by further periods of two 3 year optional extensions.
Procurement Details
Method
Open — any supplier may bid
Method Details
Open procedure
Route to market
Open competition
Main category
Services
Category
Financial and insurance services
Delivery location
UKC12
Open under
WTO Government Procurement Agreement
Buyer Reference
DN727191
Legal Basis
Public Contracts Regulations 2015 (EU Directive 2014/24)