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PROCUREMENT OPPORTUNITY

Economic Scenario Generator Service

Government Actuary's Department · Contract details notice on Find a Tender

Tender information last checkedLast checked 3 Oct 2026, 01:52.

Opportunity overview

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.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Ortec Finance

Matched by number
Contract value
£345.1k
Awarded
Not supplied
Contract signed
7 Apr 2026
Including VAT
£414.1k
Award ID
1
Status
active
Identifier
GB-COH 06410807
Location
London, UKI31, EC4M 7AU, United Kingdom

Barnett Waddingham LLP

Matched by number
Contract value
£290k
Awarded
Not supplied
Contract signed
9 Mar 2026
Including VAT
£348k
Award ID
2
Status
active
Identifier
GB-COH OC307678
Location
Birmingham, UKG31, B31 2TS, United Kingdom

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated
  • Lot 2Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
P11855
Status
complete
Procurement Method
open
Procurement Method Details
Competitive flexible procedure

Legal basis

Id
2023/54
Scheme
UKPGA

Lots and requirements

Entry 1
Id
1
Status
complete
Entry 2
Id
2
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

Organisation 1
Name
Government Actuary’s Department
Id
GB-PPON-PJVY-9952-JQGR

Identifier

Scheme
GB-PPON
Id
PJVY-9952-JQGR

Address

Street Address
6th Floor
Locality
London
Postal Code
E14 4PU
Country
GB
Country Name
United Kingdom
Region
UKI42

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthorityCentralGovernment
Description
Public authority - central government
Organisation 2
Name
Barnett Waddingham LLP
Id
GB-COH-OC307678

Identifier

Scheme
GB-COH
Id
OC307678

Address

Street Address
3 Devon Way, Longbridge
Locality
Birmingham
Postal Code
B31 2TS
Country
GB
Country Name
United Kingdom
Region
UKG31

Contact

Roles

supplier

Details

Scale
large
Vcse
No
Public Service Mission Organization
No
Sheltered Workshop
No
Organisation 3
Name
Ortec Finance
Id
GB-COH-06410807

Identifier

Scheme
GB-COH
Id
06410807

Address

Street Address
30 Old Bailey
Locality
London
Postal Code
EC4M 7AU
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

supplier

Details

Scale
large
Vcse
No
Public Service Mission Organization
No
Sheltered Workshop
No

Award information

Award 1
Id
1
Status
active
Main Procurement Category
services

Items

Item 1
Id
2
Related Lot
2

Additional Classifications

Entry 1
Scheme
CPV
Id
79311400
Description
Economic research services

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-COH-06410807
Name
Ortec Finance

Related lots

2
Award 2
Id
2
Status
active
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
79311400
Description
Economic research services

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-COH-OC307678
Name
Barnett Waddingham LLP

Related lots

1

Contracts and changes

Entry 1
Id
1
Award ID
1
Title
Climate Scenario Data service - Lot 2
Status
active
Has Renewal
Yes
Has Options
Yes
Above Threshold
Yes
Date Signed
8 Apr 2026, 00:00

Period

Starts
9 Apr 2026, 00:00
Ends
8 Apr 2029, 23:59
Max Extent Date
8 Apr 2031, 23:59

Renewal

Description
2 x 12 Month extensions available

Options

Description
One-off ad-hoc requests for up to five additional off-the-shelf asset classes Additional calibrations at mutually agreed ad-hoc dates

Value

Including VAT
414,112.8
Amount
345,094
Currency
GBP

Agreed Metrics

Entry 1
Id
2
Title
Climate Scenario Delivery

Observations

Entry 1
Id
frequency

Period

Duration In Months
12

Documents

Entry 1
Id
032845-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
10 Apr 2026, 13:31
Format
text/html
Entry 2
Id
2
Award ID
2
Title
Economic Scenario Generator service - Lot 1
Status
active
Has Renewal
Yes
Has Options
Yes
Above Threshold
Yes
Date Signed
9 Mar 2026, 00:00

Period

Starts
9 Mar 2026, 00:00
Ends
8 Mar 2029, 23:59
Max Extent Date
8 Mar 2031, 23:59

Renewal

Description
2 x 12 month extensions available

Options

Description
One-off ad-hoc requests for up to five additional off-the-shelf asset classes Additional calibrations at mutually agreed ad-hoc dates

Value

Including VAT
348,000
Amount
290,000
Currency
GBP

Agreed Metrics

Entry 1
Id
1
Title
Delivery of Economic Scenarios

Observations

Entry 1
Id
frequency

Period

Duration In Months
3

Documents

Entry 1
Id
032845-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
10 Apr 2026, 13:31
Format
text/html

Recorded locations

  • Buyer location · London · UKI42 · E14 4PU · United Kingdom

Notice and amendment history

2 published notice versions reviewed by ProcuraAxis.

2 VERSIONS
  1. 000081-2026Tender notice on Find a Tender ·
  2. 032845-2026Contract details notice on Find a Tender ·