Pension Administrative Services
Key facts
- Closing date
- Monday 8 February 2027, 12:00 (UK time) Closes in 114 days
- Buyer's estimated value
- £11,200,000 (excl. VAT) The buyer's own estimate, not income to you.
- Clarification questions deadline
- 15 January 2027, 12:00
- Contract period
- 31 Jul 2027 to 31 Jul 2033
- Procedure
- Competitive flexible procedure
- Notice type
- Tender notice (UK4)
Decision brief
Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.
- How bids will be scored
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- Quality 65%
- Price 30%
- Social Value 5%
- Conditions of participation (what you must show)
-
economic Financial Capacity: Suppliers would be asked to demonstrate financial stability and capacity to fulfil the contract.
technical The Bank will assess PSQ Responses to confirm compliance with the Conditions of Participation, including financial capacity, legal and contractual capability, cyber, privacy and technical ability requirements. The Bank will also verify that Potential Suppliers, Associated Persons and Intended Sub-Contractors are not subject to debarment, exclusion or discretionary exclusion grounds. All Conditions of Participation will be assessed against the applicable minimum requirements, with non-compliant submissions excluded from further participation. For compliant submissions, the scored technical ability criteria set out in PSQ questions will be evaluated and moderated by the Bank to establish the…
- Contract length and extensions
- 31 Jul 2027 to 31 Jul 2033. Extensions: The contract will be awarded for an initial term of six (6) years, with the option for the Bank to extend for a further period of up to five (5) years, exercisable at the Bank's discretion and subject to ongoing business requirements and satisfactory performance.
- How to submit
- Through www.bankofengland.co.uk ↗ (the buyer's own portal). Electronic submission: allowed.
- Tender documents
- No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
- Framework
- An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
- Open for bids / closing date
- You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
- Clarification questions
- A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
- Conditions of participation
- What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
- Bids are scored on
- How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
- Lots
- A tender can be split into parts. You can often bid for only the lots that suit you.
- Area (ITL)
- The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
- UK4 and other notice codes
- Official codes for the type of notice. A "tender notice" means bids are being invited.
General explanations written by Tenderpatch, not part of this notice.