Awarded without open competition
Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.
Key facts
- Buyer
- British Tourist Authority t/a VisitBritain/VisitEngland · Body governed by public law
- Supplier
- Mercer
- Value
- £408,000
- Procedure
- Award procedure without prior publication of a call for competition
- Sector
- Financial & insurance services · Actuarial services (CPV 66519600)
- Region
- West Midlands
- Official notice
- 062346-2025 on Find a Tender
- Timeline
-
- Contract date24 Sep 2025
- Published3 Oct 2025Published 9 days after the contract date
Description
Administration and Actuarial Services for the Group Pension Plan for Employees of VisitBritain based in the United States. Services include:<br/>Regular actuarial services.<br/>Understanding of IAS 19 (International Accounting Standard 19) requirements and annual reporting. <br/>Financial accounting valuation under IAS19.<br/>Funding valuations including required triennial valuations.<br/>Identify risk, issues and mitigations in relation to the existing or future US pension arrangements.
About the supplier
Mercer: every public contract they have won, plus their Companies House record (company 00984275).