Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Supplier
- Mercer
- Value
- £890,000
- Procedure
- Negotiated procedure with prior call for competition
- Sector
- Financial & insurance services · Group pension services (CPV 66522000)
- Region
- Northern Ireland
- Official notice
- 001960-2026 on Find a Tender
- Timeline
-
- Contract date12 Dec 2025
- Published9 Jan 2026Published 28 days after the contract date
Description
NIE Networks wishes to enter into a Framework Agreement with one suitably qualified and experienced organisation to provide management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. The service provider will provide a primary point of contact for NIE Networks. NIE Networks have a requirement for an experienced pension advisor to provide the following services (assignments) to the company three times in each annual period to meet International Accounting Standard 19 ‘Employee Benefits’ (IAS 19) requirements for a) annual published accounts, b) interim published accounts and c) published regulatory accounts: • Formal terms of reference for each exercise, • Provision of advice and methodology in relation to financial and demographic assumptions to be used in IAS19 exercises, • Discussion with the company of approach to each exercise including assumption setting and accounting treatment of various items, • Provision of IAS19 calc…
About the supplier
Mercer: every public contract they have won, plus their Companies House record (company 00984275).