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TED - Tenders Electronic Daily (Publications Office of the EU) verified 14 hours ago Contract award

Ireland - Pension services - Request for The provision of Comprehensive Pension Administration Services on an Outsourced Basis to the Higher Education Authority (HEA)

Awarded Ireland Eastern and Midland Financial & insurance services

Buyer The Higher Education Authority

€391,000 awarded value

Key facts

Published
Estimated value
€400,000
Procedure
Open procedure
  1. Published
  2. Awarded pending

TED - Tenders Electronic Daily (Publications Office of the EU) does not publish the date of this award. See the official notice

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Awarded to

LCP Ireland

Awarded value
€391,000 2% under the estimate of the same lots
Bids received
3

Description

The objective of this contract is to appoint a competent and experienced service provider to deliver a comprehensive outsourced pension administration service that ensures compliance, accuracy, and operational efficiency. The successful tenderer will assume full responsibility for the administration and management of the HEA’s pension arrangements, encompassing all aspects of member lifecycle from enrolment to pension payments. The service must cover both of the HEA’s pension schemes - The Superannuation Scheme and the Single Public Service Pension Scheme - and be delivered in accordance with all relevant Irish Public Sector Pension legislation, Department of Public Expenditure, NDP Delivery and Reform (DPENDR) circulars and applicable pension policy payments.

Official source

Source: TED - Tenders Electronic Daily (Publications Office of the EU)

Always verify details on the official notice.

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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 14 hours ago

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 446 awards for Financial & insurance services in Ireland.

This award
€391,000
Estimated value
€400,000
Median award
€177,397
Middle half of past awards
€100,000 to €400,000

The award sits inside the usual range.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

The Higher Education Authority

Ireland

notices in the register
19
awards
11
awarded in total
€1.2M

Who wins its contracts

Many suppliers
different companies won its awards
11
of the awards went to the three most frequent winners
27%

Based on 11 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

Competition

tenders per lot on average (open and restricted procedures)
5.6
of those lots received a single tender
10%
of the awards went to companies based in another country
0%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

Recent awards

Market context

open now in Financial & insurance services
3,467
median open notice
€430,387

Who wins in this market

Moderately concentrated

Ireland · Financial & insurance services

different companies won awards here
89
of the awards went to the three most frequent winners
36%
winners of the last 12 months were new here
29 of 56
buyers awarded contracts here
90

Based on 429 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners. New: no award from the same buyer or market in the two years before.

Competition

of the awards went to companies based in another country
7%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

Similar tenders

Open now

Awarded before

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