Tender stage

It’s important that you build pension requirements into the bidding process to make sure you get accurate and appropriate pricing from contractors. You should agree specific pension provisions before finalising the contract for services. We can give you a ‘Pensions information for bidders’ report prepared by our actuary to include with your tender documents.

This would give bidders:

• information they need to know about the LGPS to conduct due diligence
• an understanding of the requirements, and the benefits and risks of participating in the LGPS
• an estimated employer contribution rate on which to prepare their bids
• requirements for managing risk including the value of the risk exposure.

If you’re interested in getting a report, please contact us for a quote.