Economic Scenario Model

Concepts

• croydon
• software package
• ppf
• scenarios
• economic scenario model
• chosen solution
• real-world calibration of an appropriate timeframe
• regular stress testing
• appropriate technical functionality
• information systems

Location

Description

The PPF is seeking to procure a licence for an Economic Scenario Model (ESM) for use in assumption-generation for a range of medium and long-term modelling. The chosen solution must be able to provide a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects. The outputs should also facilitate the projection of the liabilities of the PPF and those of the pension scheme it protects. The chosen candidate should be able to provide a regular, well-justified and researched 'house view' calibration. However, the solution should also provide the flexibility to apply user-defined calibrations. Calibration should be quick and efficient, with good quality reporting allowing for easy validation of inputs and outputs. The PPF conducts regular stress testing and the chosen solution should be able to support deterministic, stochastic and deterministic-to-stochastic stresses and scenarios. As well as appropriate technical functionality, the successful candidate will also provide implementation services, technical support, training and knowledge sharing, committing to a range of SLAs and regular feedback sessions to ensure client satisfaction. It is essential that the solution is compatible with the PPF's IT systems. The anticipated contract duration is five (5) years then three (3) extensions of one year each at the sole option of the PPF.

CPV Codes

• 48000000 - Software package and information systems

Indicators

• Contract is suitable for SMEs.
• Contract is suitable for VCOs.

Other Information

The Pension Protection Fund (PPF) is tendering a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure. To take part in this procurement, you must provide a completed tender by the submission deadline. Full details of the requirements and how to respond are available in the Economic Scenario Model ITT Guidance v1.0 document which can be found at: https://ppf.bravosolution.co.uk/web/login.html