Pension Administration Services: Teachers' Pension Scheme (TPS)

A Contract Award Notice
by DEPARTMENT FOR EDUCATION

Source
Contracts Finder
Type
Contract (Services)
Duration
12 year
Value
£234M
Sector
BUSINESS
Published
23 Jun 2023
Delivery
01 Oct 2023 to 30 Sep 2035
Deadline
18 Aug 2023 11:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

Description

The purpose of this Notice is to Notify of the outcome of the procurement for the provision of a new administration service to ensure the successful continuation of delivery of the Teachers' Pension Scheme.

Award Detail

1 Tata Consultancy Services (London)
  • Value: £233,866,286

CPV Codes

  • 66523100 - Pension fund administration services

Indicators

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

Other Information

The Value of the Contract Excluding the optional up to 5 years extension is: £173,951,390.15. Opportunity Notice https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3d... n/a Final Contract Redacted.pdf

Reference

Domains