Pension services

Tender description

NIE Networks seeks to appoint a suitably qualified and experienced organisation on framework for the management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. Please refer to the scope of services for the list of service requirements and standards required for this contract. Each framework agreement will be for a period of three (3) years with an option, exercisable entirely at the discretion of the contracting entity and subject to the terms of the framework agreement, to extend by a further optional three (3) year period, with a total potential duration of six (6) years. Framework agreements will be subject to performance reviews and require compliance with key performance indicators, as detailed therein. Economic operators that do not successfully pass the annual performance review will have their framework agreement terminated, in accordance with the terms of the framework agreement. NIE Networks seeks to appoint a suitably qualified and experienced organisation on framework for the management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. Please refer to the scope of services for the list of service requirements and standards required for this contract. Each framework agreement will be for a period of three (3) years with an option, exercisable entirely at the discretion of the contracting entity and subject to the terms of the framework agreement, to extend by a further optional three (3) year period, with a total potential duration of six (6) years. Framework agreements will be subject to performance reviews and require compliance with key performance indicators, as detailed therein. Economic operators that do not successfully pass the annual performance review will have their framework agreement terminated, in accordance with the terms of the framework agreement. The estimated value of the overall six (6) year framework agreement is between 300 000 GBP — 400 000 GBP excluding VAT.