Section one: Contracting authority
one.1) Name and addresses
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Telephone
+44 8456002541
Country
United Kingdom
NUTS code
UKI62 - Croydon
Internet address(es)
Main address
https://ppf.bravosolution.co.uk/web/login.html
Buyer's address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://ppf.bravosolution.co.uk/web/login.html
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://ppf.bravosolution.co.uk/web/login.html
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Economic Scenario Model (ESM)
two.1.2) Main CPV code
- 48000000 - Software package and information systems
two.1.3) Type of contract
Supplies
two.1.4) Short description
The Pension Protection Fund (PPF) is tendering a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure.
To take part in this procurement, you must provide a completed tender by the submission deadline.
Full details of the requirements and how to respond are available in the Economic Scenario Model ITT Guidance v1.0 document which can be found at:
https://ppf.bravosolution.co.uk/web/login.html
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66500000 - Insurance and pension services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The PPF is seeking to procure a licence for an Economic Scenario Model (ESM) for use in assumption-generation for a range of medium and long-term modelling. The chosen solution must be able to provide a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects. The outputs should also facilitate the projection of the liabilities of the PPF and those of the pension scheme it protects. The chosen candidate should be able to provide a regular, well-justified and researched ‘house view’ calibration. However, the solution should also provide the flexibility to apply user-defined calibrations. Calibration should be quick and efficient, with good quality reporting allowing for easy validation of inputs and outputs. The PPF conducts regular stress testing and the chosen solution should be able to support deterministic, stochastic and deterministic-to-stochastic stresses and scenarios. As well as appropriate technical functionality, the successful candidate will also provide implementation services, technical support, training and knowledge sharing, committing to a range of SLAs and regular feedback sessions to ensure client satisfaction. It is essential that the solution is compatible with the PPF's IT systems. The anticipated contract duration is five (5) years then three (3) extensions of one year each at the sole option of the PPF.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
96
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
Please refer to Appendix 1 - Specifications for potential additional services.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
three.2) Conditions related to the contract
three.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Originally published as:
Date
12 May 2021
Local time
1:00pm
Changed to:
Date
14 May 2021
Local time
1:00pm
See the change notice.
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 12 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
12 May 2021
Local time
1:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.2) Information about electronic workflows
Electronic invoicing will be accepted
Electronic payment will be used
six.4) Procedures for review
six.4.1) Review body
The Board of the Pension Protection Fund
12 Dingwall Road
Croydon
CR0 2NA
Country
United Kingdom