Scope
Reference
CON017
Description
The contracting authority is looking to procure a set of climate scenarios that articulate the impact of climate change on the assumptions that it makes as part of it's actuarial advice work.
The climate scenarios will articulate adjustments to financial assumptions - including asset returns (such as returns on equities or bonds), inflation indices (e.g. CPI and wages) and economic variable (e.g. GDP etc).
The data will include a range of climate scenarios - for example under different levels of global warming or different speeds of policy response.
Total value (estimated)
- £65,000 excluding VAT
- £78,000 including VAT
Below the relevant threshold
Contract dates (estimated)
- 24 March 2025 to 23 March 2026
- Possible extension to 23 March 2027
- 2 years
Description of possible extension:
1 x 12 month extension option
Main procurement category
Services
CPV classifications
- 72319000 - Data supply services
Contract locations
- UK - United Kingdom
Submission
Tender submission deadline
10 March 2025, 11:59pm
Submission address and any special instructions
Tenders may be submitted electronically
No
Award criteria
Suppliers will be reviewed for best fit against the following criteria:
Range of climate scenarios available
Asset classes covered within data and level of granularity i.e. IG and HY corporate bonds, equity regions and indices, EM and DM sovereigns etc
Macroeconomic assumptions available i.e. GDP, inflation, interest rates, government bond yields
Level of country and sector disaggregation available within data
Data sources for scenarios i.e. NGFS, Shared Socioeconomic Pathways, GTAP, MAGICC climate model etc
Level of support available in using assumptions? i.e. model methodology documents, access to support for questions on data etc
Compatibility with Moody's Economic Scenario data (which we currently receive via an alternative contract)
Any restrictions on our use of data i.e. can we use the data in providing advice to clients, in public blogs etc
Cost of offering (one off data provision)
Procedure
Procedure type
Below threshold - open competition
Contracting authority
Government Actuary's Department
- Public Procurement Organisation Number: PJVY-9952-JQGR
6th Floor, 10 South Colonnade
London
E14 4PU
United Kingdom
Email: GADCommercial@gad.gov.uk
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - central government