AWARD OUTCOME
What happened
Pension Protection Fund awarded and signed a short actuarial and risk-modelling consultancy contract with QUANTWISDOM LABS LTD for work on pension superfund wind-up trigger levels and pre-1997 issues.
Published outcomeA direct below-threshold procurement without competition resulted in one active award and contract for QUANTWISDOM LABS LTD.
Market significanceThe £40,500 net (£48,600 gross) contract is a narrowly scoped, short-term specialist advisory engagement in pensions risk modelling.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
QUANTWISDOM LABS LTD
99% confidenceAward 1 · Lots 1 · £40,500 net; £48,600 gross GBP · Verified legal entity; active award and contract
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Award 1 names QUANTWISDOM LABS LTD as supplier. Supplier verification reports an exact-name match to company number 15598241. The contract linked to award 1 has a GBP amount of 40,500 and gross amount of 48,600.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice
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The published document is described as "Contract details notice on Find a Tender".
Award status
99% confidenceActive
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Award 1 has status "active".
Contract status
99% confidenceActive
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Contract 1 has status "active".
Contract signed
99% confidence8 October 2026
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Contract 1 records dateSigned as 2026-10-08.
Contract period
99% confidence9 October 2026 to 31 October 2026
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Contract 1 period records startDate 2026-10-09 and endDate 2026-10-31.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£40,500
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Contract 1 value.amount is 40500 GBP.
Contract value including VAT
99% confidence£48,600
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Contract 1 value.amountGross is 48600 GBP.
Value allocation
98% confidenceThe published contract value is linked to the sole award and supplier.
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Contract 1 is linked to award 1, which names one supplier.
TIMELINE
Procurement timeline
Contract signed
99% confidence8 October 2026
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Contract 1 dateSigned is 2026-10-08.
Notice published
99% confidence8 October 2026
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The contract details notice datePublished is 2026-10-08T13:46:56+01:00.
Contract start
99% confidence9 October 2026
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Contract 1 startDate is 2026-10-09.
Contract end
99% confidence31 October 2026
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Contract 1 endDate is 2026-10-31.
SCOPE
What was awarded
Requirement
99% confidenceSpecialist actuarial and risk-modelling consultancy for the PPF's assessment of pension superfund wind-up trigger levels.
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The tender description states this requirement.
Activities
99% confidenceIndependent validation and challenge of superfund risk modelling; review of asset-side assumptions and downside scenarios; assessment of potential impacts on members and the PPF.
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These activities are stated in the tender description.
Service classification
99% confidenceActuarial services (CPV 66519600)
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Award item 1 lists CPV 66519600, described as actuarial services.
Delivery location
98% confidenceUKI62
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Award item 1 specifies delivery in region UKI62.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect procurement
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The tender procurementMethod is "direct".
Competition basis
99% confidenceBelow threshold - without competition
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The tender procurementMethodDetails states "Below threshold - without competition".
Above-threshold status
99% confidenceNo
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Contract 1 records aboveThreshold as false.
CONTRACT TERMS
Published contract terms
Contract term
99% confidence9 October 2026 to 31 October 2026
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Contract 1 period gives these dates.
Duration
98% confidenceApproximately 23 calendar days
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Calculated from the explicit contract start and end dates.
VAT treatment
99% confidence£40,500 excluding VAT and £48,600 including VAT
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Contract 1 reports amount 40500 and amountGross 48600, both in GBP.
Extension or renewal terms
99% confidenceUnknown
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Information not supplied in the published notice.
COMMERCIAL VIEW
Commercial observations
Engagement profile
96% confidenceShort, specialist assurance and challenge assignment focused on actuarial modelling and downside-risk assumptions.
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The stated scope and 9–31 October 2026 term support this characterisation.
Route-to-market observation
99% confidenceThe buyer used a below-threshold direct award without competition.
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The published procurement method details state "Below threshold - without competition".
DATA QUALITY
Gaps and source limitations
Award date
99% confidenceNot published separately
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Award 1 has no award_date; the contract signing date is available.
Lot detail
99% confidenceLot 1 has no published title, description or separate value.
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Lot 1 is identified but its title, description and value fields are null.
Competition and evaluation detail
99% confidenceInformation not supplied in the published notice.
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No bid count, bidder identities, scores or evaluation rationale are provided.
Renewal and extension detail
99% confidenceInformation not supplied in the published notice.
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No extension or renewal terms are recorded.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- No separate award decision date is published; the reported 8 October 2026 date is the contract signing date and notice publication date.
- Lot 1 has no published title, description or individual value.
- Information not supplied in the published notice: bid count, other bidders, evaluation criteria, scores, rationale for supplier selection, pricing breakdown and extension or renewal terms.
MARKET THEMES
Relevant award themes
Pension Protection FundQUANTWISDOM LABS LTDactuarial servicespension superfundsrisk modellingdirect award
COMMON QUESTIONS
About this award
Who won the PPF Superfunds and Pre 97 contract?
QUANTWISDOM LABS LTD won award 1. Its identity was verified by exact-name match to company number 15598241.
What is the contract value?
The contract value is £40,500 excluding VAT and £48,600 including VAT.
When does the contract run?
The published contract period is 9 October 2026 to 31 October 2026.
How was the contract procured?
The notice records a direct, below-threshold procurement without competition.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.