GPS Energy Solutions Section of the Combined Nuclear Pension Plan

International Nuclear Services LtdcontractContracts FinderRef 20190607123019-11416complete
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Estimated value

£25.0m

Awarded value

£24.6m

Awarded 14 May 2019

Suppliers

1

Lots

1

1 awarded

Published

07 Jun 2019

Deadline 15 Apr 2019

Description

This procurement is being undertaken by the Trustee of the Combined Nuclear Pension Plan ("the Trustee"). It relates to liabilities in respect of the GPS Energy Solutions Section of the Combined Nuclear Pension Plan ("the Section" and "the Plan" respectively). The Plan is a multi-employer final salary pension arrangement with a separate ring-fenced section for each employer or employment group. The Nuclear Decommissioning Authority (NDA), while not an employing entity is the Lead (Principal) Company for many of the sections. This annuity is only in respect of the Section (the EnergySolutions EU Limited section), although the Plan may seek to secure further bulk annuities for other sections in future.

Scope

Reference
20190607123019-11416
Total value
£25,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
12 May 2019 to 11 May 2020
CPV classifications
66000000

Submission & procedure

Submission deadline
15 Apr 2019, 11:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£24.6m

Award date

14 May 2019

Contract start

12 May 2019

Contract end

11 May 2020