GMC2199 Actuarial and administration services, investment services and employee advice

General Medical Council (GMC)contractFind a TenderRef ocds-h6vhtk-058b69Procurement Act 2023Concession contractSME suitablepending

Estimated value

Awarded value

£9.2m

Awarded 14 Nov 2025

Suppliers

4

Lots

4

4 awarded

Published

14 Nov 2025

Description

Procurement of Actuarial (lot1) and administration services (lot2), investment services (lot3) and employee advice (lot4)

Scope

Reference
GMC2199
Commercial tool
Standalone contract
Contract dates
05 Dec 2025 to 04 Dec 2030
Possible extension to 04 Dec 2034

option to extend by two periods of twenty-four (24) months

CPV classifications
66131100
Contract locations
UK, United Kingdom
Particular suitability
Small and medium-sized enterprises (SME)

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
Qualityquality 70%quality
costcost 20%cost
quality quality 70%quality
quality70%quality
qualityquality 70%quality

Submission & procedure

Procedure
Open procedure

Award details· 4 awards

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

Awarded value

£3.9m

Award date

14 Nov 2025

Contract start

05 Dec 2025

Contract end

04 Dec 2030

Lots · 4 total

Divisions of the contract. Each lot can be awarded separately.

View all →
LotTitleEst. valueStatus
1Lot 1 – Actuarial services for the GMC Staff Superannuation Scheme£3.9mcomplete
LOT2Lot 2 - Administration services for the GMC Staff Superannuation Scheme£2.7mcomplete
LOT3Lot 3 – Investment advice services for the GMC Staff Superannuation Scheme£1.9mcomplete
LOT4Lot 4 – Employer advice provision for the GMC (contract with Employer not the Trustees)£750kcomplete