Provision of Economic & Climate Scenario Data, and ALM Software

{
  "buyer": {
    "id": "GB-PPON-PJVY-9952-JQGR",
    "name": "Government Actuary\u0027s Department"
  },
  "date": "2025-12-12T15:40:37Z",
  "id": "082610-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05f214",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "E14 4PU",
        "region": "UKI42",
        "streetAddress": "6th Floor"
      },
      "contactPoint": {
        "email": "GADCommercial@gad.gov.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - central government",
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ],
        "url": "https://www.gov.uk/government/organisations/government-actuarys-department"
      },
      "id": "GB-PPON-PJVY-9952-JQGR",
      "identifier": {
        "id": "PJVY-9952-JQGR",
        "scheme": "GB-PPON"
      },
      "name": "Government Actuary\u2019s Department",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tender"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-02-20T23:59:59+00:00"
    },
    "description": "The Authority is seeking a partner(s) to deliver an economic scenario generator service and a climate scenario service, with an optional call-off asset liability modelling software service.",
    "documents": [
      {
        "description": "Attachment 1 - About the procurement",
        "documentType": "biddingDocuments",
        "id": "L-3",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623637"
      },
      {
        "description": "Attachment 2 - How to Bid including Evaluation Criteria",
        "documentType": "biddingDocuments",
        "id": "L-4",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623638"
      },
      {
        "description": "Attachment 3 - Statement-of-Requirements",
        "documentType": "biddingDocuments",
        "id": "L-5",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623639"
      },
      {
        "description": "Attachment 4 - Pricing Schedule",
        "documentType": "biddingDocuments",
        "id": "L-6",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623640"
      },
      {
        "description": "ESG Short Form Contract",
        "documentType": "biddingDocuments",
        "id": "L-7",
        "url": "https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=623641"
      },
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2025-12-12T15:40:37Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "082610-2025",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/082610-2025"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2025-12-22T23:59:00+00:00"
    },
    "id": "P11855",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Economic research services",
            "id": "79311400",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      },
      {
        "additionalClassifications": [
          {
            "description": "Economic research services",
            "id": "79311400",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "2",
        "relatedLot": "2"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lotDetails": {
      "awardCriteriaDetails": "Suppliers may bid for each or both Lots, Lots One and Two will be evaluated individually and a separate contract will be awarded to the successful supplier within each Lot."
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "Please see attached Bid documents",
              "name": "Technical Questionnaire",
              "type": "quality"
            }
          ],
          "weightingDescription": "see bid documents for more information."
        },
        "contractPeriod": {
          "endDate": "2029-03-08T23:59:59+00:00",
          "maxExtentDate": "2031-03-08T23:59:59+00:00",
          "startDate": "2026-03-09T00:00:00+00:00"
        },
        "description": "The Authority wishes to procure ESG data to use in its proprietary and third party models to project asset and liability outcomes. This analysis will support the Authority\u2019s work in applying actuarial services to the public sector.\nSuch economic scenarios should include all the main institutional investment asset classes and the UK\u2019s main inflation indices. Optionality to include further data types is sought, such as further asset classes and other economic variables.\nThe above economic scenarios must be provided at 31 March and 31 December each year, with optionality to include other quarter end or month end dates.",
        "hasOptions": true,
        "hasRenewal": true,
        "id": "1",
        "options": {
          "description": "Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service.\nThe optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service."
        },
        "renewal": {
          "description": "2 x 12 month extensions available"
        },
        "status": "active",
        "title": "Economic Scenario Generator Service",
        "value": {
          "amount": 325000,
          "amountGross": 390000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "description": "Please see attached Bid documents",
              "name": "Technical Questionnaire",
              "type": "quality"
            }
          ],
          "weightingDescription": "see bid documents for more information"
        },
        "contractPeriod": {
          "endDate": "2029-03-08T23:59:59+00:00",
          "maxExtentDate": "2031-03-08T23:59:59+00:00",
          "startDate": "2026-03-09T00:00:00+00:00"
        },
        "description": "The Authority also seeks to procure climate scenarios. The climate scenarios must be provided annually at the end of each financial year, but the supplier should set out how additional climate scenario provision could be made, for the Authority to consider if this adds value to its proposition.",
        "hasOptions": true,
        "hasRenewal": true,
        "id": "2",
        "options": {
          "description": "Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service.\nThe optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service."
        },
        "renewal": {
          "description": "2 x 12 month extensions available"
        },
        "status": "active",
        "title": "Climate Scenario Service",
        "value": {
          "amount": 250000,
          "amountGross": 300000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procedure": {
      "features": "Only suppliers who submitted an expression of interest in relation to Notice identifier: 2025/S 000-056642, by the published deadline of 30/09/2025 will be eligible to submit a bid for this opportunity. Any bids from suppliers who did not submit an expression of interest prior to 30/09/2025 will be rejected.\nPlease see the tender pack under the attachment section on the MyTenders website. When returning your responses please ensure you remember to include your attachments for the questions and upload them on the MyTenders website. "
    },
    "procurementMethod": "open",
    "procurementMethodDetails": "Competitive flexible procedure",
    "status": "active",
    "submissionMethodDetails": "https://www.mytenders.co.uk/",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "tenderPeriod": {
      "endDate": "2026-01-25T23:59:00+00:00"
    },
    "title": "Provision of Economic \u0026 Climate Scenario Data, and ALM Software",
    "value": {
      "amount": 575000,
      "amountGross": 690000,
      "currency": "GBP"
    }
  }
}