Scope
Reference
P11855
Description
The Authority seeks a supplier to provide scenario data, beginning with data from Q4 2025/26. Services should include:
- An economic scenario generator (ESG) service, to provide simulations of asset returns, inflation and other economic variables into the future (with up to 50 types of data fields), to be provided at least quarterly.
- Climate scenarios, to be used alongside the ESG service, to provide variant projections based on different projected climate change scenarios, to be provided at least annually on 31st March each year.
-An optional requirement to provide Asset Liability Modelling (ALM) software. The software will provide a means to perform analysis with the above economic and climate data, alongside additional liability data. Bidders can choose whether to include ALM software in their bid, and the Authority reserves the right to refuse the supplier's proposed offering as part of the final contract. Further detail will be provided in the full tender pack.
Total value (estimated)
- £450,000 excluding VAT
- £540,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 1 March 2026 to 31 March 2029
- Possible extension to 31 March 2031
- 5 years, 31 days
Main procurement category
Services
CPV classifications
- 79311400 - Economic research services
Contract locations
- UK - United Kingdom
Engagement
Engagement deadline
30 September 2025
Engagement process description
Suppliers are asked to submit any initial questions on the procurement's scope and content, and to provide their expressions of interest to participate in the tender stage, by 6pm on 30th September 2025.
The tender is planned to be launched in early November 2025.
Submission
Publication date of tender notice (estimated)
3 November 2025
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
Website: https://www.gov.uk/government/organisations/government-actuarys-department
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - central government