Scope
Reference
P11855
Description
The Authority is seeking a partner(s) to deliver an economic scenario generator service and a climate scenario service, with an optional call-off asset liability modelling software service.
Total value (estimated)
- £575,000 excluding VAT
- £690,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 9 March 2026 to 8 March 2029
- Possible extension to 8 March 2031
- 5 years
Description of possible extension:
2 x 12 month extensions available
Options
The right to additional purchases while the contract is valid.
Section two of the procurement, Asset Liability Modelling (ALM) Software Service, is being offered on an optional call-off basis, in addition to the services provided under Lots One and Two. Suppliers are not obligated to provide a bid for this service.
The optional ALM Software Service will not be scored for award purposes. However, Tenderers who wish to be considered for this requirement must provide prices and supporting detail for this Service as set out in the Tender Pack and Pricing Schedule. These prices will form part of the Contract and will apply if the Authority elects to Call-Off this Service.
Main procurement category
Services
CPV classifications
- 79311400 - Economic research services
Contract locations
- UK - United Kingdom
Lot constraints
Description of how multiple lots may be awarded:
Suppliers may bid for each or both Lots, Lots One and Two will be evaluated individually and a separate contract will be awarded to the successful supplier within each Lot.
Lot 1. Economic Scenario Generator Service
Description
The Authority wishes to procure ESG data to use in its proprietary and third party models to project asset and liability outcomes. This analysis will support the Authority's work in applying actuarial services to the public sector.
Such economic scenarios should include all the main institutional investment asset classes and the UK's main inflation indices. Optionality to include further data types is sought, such as further asset classes and other economic variables.
The above economic scenarios must be provided at 31 March and 31 December each year, with optionality to include other quarter end or month end dates.
Lot value (estimated)
- £325,000 excluding VAT
- £390,000 including VAT
Same for all lots
CPV classifications, contract locations, contract dates and options are shown in the Scope section, because they are the same for all lots.
Lot 2. Climate Scenario Service
Description
The Authority also seeks to procure climate scenarios. The climate scenarios must be provided annually at the end of each financial year, but the supplier should set out how additional climate scenario provision could be made, for the Authority to consider if this adds value to its proposition.
Lot value (estimated)
- £250,000 excluding VAT
- £300,000 including VAT
Same for all lots
CPV classifications, contract locations, contract dates and options are shown in the Scope section, because they are the same for all lots.
Participation
Particular suitability
Lot 1. Economic Scenario Generator Service
Lot 2. Climate Scenario Service
- Small and medium-sized enterprises (SME)
- Voluntary, community and social enterprises (VCSE)
Submission
Publication date of tender notice (estimated)
12 December 2025
Submission type
Tenders
Tender submission deadline
25 January 2026, 12:00am
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
20 February 2026
Procedure
Procedure type
Competitive flexible procedure
Competitive flexible procedure description
Only suppliers who submitted an expression of interest in relation to Notice identifier: 2025/S 000-056642, by the published deadline of 30/09/2025 will be eligible to submit a bid for this opportunity. Any bids from suppliers who did not submit an expression of interest prior to 30/09/2025 will be rejected.
Documents
Documents to be provided after the tender notice
Via a linked UK4 notice
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