Section one: Contracting authority/entity
one.1) Name and addresses
UNIVERSITY OF BIRMINGHAM
University of Birmingham
BIRMINGHAM
B152TT
Contact
Paul Markham
Country
United Kingdom
NUTS code
UKG31 - Birmingham
Internet address(es)
Main address
https://www.birmingham.ac.uk/index.aspx
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Education
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Actuarial Pension Valuation Services for the University of Birmingham
Reference number
SC9808/21
two.1.2) Main CPV code
- 66519600 - Actuarial services
two.1.3) Type of contract
Services
two.1.4) Short description
Actuarial Pension Valuation Services for the University of Birmingham.
The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.
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: £300,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKG31 - Birmingham
Main site or place of performance
University of Birmingham, Edgbaston, Birmingham.
(Some work may take place at supplier premises, but this will be agreed with the University.)
two.2.4) Description of the procurement
Actuarial Pension Valuation Services for the University of Birmingham.
The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.
two.2.11) Information about options
Options: No
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 procurement falls outside the scope of application of the regulations
Explanation:
The contract is not being put out to competitive tender for the following reasons:
1. The relationship between the employer and the pension scheme during a valuation cycle can be challenging and it is important that as many of the team involved are consistent. The team from ISIO, previously at KPMG have supported the University for the last 3 valuation cycles and have developed a strong working relationship with both parties that is valuable in positioning and negotiations
2. The pensions team at ISIO have specific technical knowledge gained over previous valuation cycles that another party would need significant time and support to gain for this next valuation cycle
3. The change of personnel at the University, change of Treasurer and HR Director is already bringing some change into the valuation process, it is not advisable therefore to change advisors as well
4. The advisors need to have relevant technical experience and to not be conflicted from operating as an advisor to the University and/or the pension scheme which reduces the field of potential advisors significantly
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
Section five. Award of contract/concession
Contract No
SC9808/21
Title
Actuarial Pension Valuation Services for the University of Birmingham
A contract/lot is awarded: Yes
five.2) Award of contract/concession
five.2.1) Date of conclusion of the contract
3 December 2021
five.2.2) Information about tenders
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor/concessionaire
ISIO Group Limited
1 Colmore Square
Birmingham
B4 6AJ
Telephone
+44 1212273600
Country
United Kingdom
NUTS code
- UKG31 - Birmingham
Internet address
The contractor/concessionaire is an SME
No
five.2.4) Information on value of contract/lot/concession (excluding VAT)
Total value of the contract/lot/concession: £300,000
Section six. Complementary information
six.3) Additional information
The contract is not being put out to competitive tender for the following reasons:
1. The relationship between the employer and the pension scheme during a valuation cycle can be challenging and it is important that as many of the team involved are consistent. The team from ISIO, previously at KPMG have supported the University for the last 3 valuation cycles and have developed a strong working relationship with both parties that is valuable in positioning and negotiations
2. The pensions team at ISIO have specific technical knowledge gained over previous valuation cycles that another party would need significant time and support to gain for this next valuation cycle
3. The change of personnel at the University, change of Treasurer and HR Director is already bringing some change into the valuation process, it is not advisable therefore to change advisors as well
4. The advisors need to have relevant technical experience and to not be conflicted from operating as an advisor to the University and/or the pension scheme which reduces the field of potential advisors significantly
The contract with ISIO Group Limited will run from January 2022 until June 2029.
The standstill period of ten calendar days will be applied. The standstill will expire at midnight at the end of Monday 13th December.
six.4) Procedures for review
six.4.1) Review body
The University of Birmingham
Birmingham
B152TT
Country
United Kingdom