Awarded contract

TD2117- Shared Cost Additional Voluntary Contributions (Pension)

  • DERBY CITY COUNCIL

F03: Contract award notice

Notice reference: 2024/S 000-013410

Published 25 April 2024, 11:29am



Section one: Contracting authority

one.1) Name and addresses

DERBY CITY COUNCIL

Corporation Street

Derby

DE1 2FS

Email

procurement@derby.gov.uk

Country

United Kingdom

NUTS code

UKF11 - Derby

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

https://www.derby.gov.uk/

one.4) Type of the contracting authority

Regional or local authority

one.5) Main activity

General public services


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

TD2117- Shared Cost Additional Voluntary Contributions (Pension)

Reference number

TD2117

two.1.2) Main CPV code

  • 79414000 - Human resources management consultancy services

two.1.3) Type of contract

Services

two.1.4) Short description

Shared Cost AVC's are a salary sacrifice scheme offered to employees who are members of the Local Government Pension Scheme.

two.1.6) Information about lots

This contract is divided into lots: No

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £149,040

two.2) Description

two.2.3) Place of performance

NUTS codes
  • UKF11 - Derby

two.2.4) Description of the procurement

To provide Local Government Pension scheme members the option to join a Shared Cost AVC salary sacrifice scheme to enable the employee to build an additional pot of money alongside their LG pension contributions that is exempt from Income Tax and National Insurance, with the potential to take it all as a tax-free lump sum on retirement.

two.2.5) Award criteria

Price

two.2.11) Information about options

Options: Yes

Description of options

Initial contract term of 3 years plus an option to extend for 2 x 12 months, contract to commence 01/06/2024


Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Award of a contract without prior publication of a call for competition in the cases listed below

  • The services can be provided only by a particular economic operator for the following reason:
    • absence of competition for technical reasons

Explanation:

AVC Wise is currently the only recognised provider of this service.

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.2.1) Previous publication concerning this procedure

Notice number: 2024/S 000-012121


Section five. Award of contract

Contract No

TD2117

Title

Shared Cost Additional Voluntary Contributions (Pension)

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

15 April 2024

five.2.2) Information about tenders

Number of tenders received: 1

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

AVC Wise

Essex

Country

United Kingdom

NUTS code
  • UK - United Kingdom
Companies House

11406613

The contractor is an SME

No

five.2.4) Information on value of contract/lot (excluding VAT)

Initial estimated total value of the contract/lot: £149,040

Total value of the contract/lot: £149,040


Section six. Complementary information

six.4) Procedures for review

six.4.1) Review body

Derby City Council

Derby

DE1 2FS

Country

United Kingdom