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Economic Scenario Model

Pension Protection Fund

Awarded
goods

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Key details

Contracting authority
Region
Croydon
Delivery: UKI62
Contract value
£1,115,410ex VAT
Submissions closed
Not stated by buyer
Published
10 March 2022

Procurement

Procedure type
Open procedure
CPV classifications
  • 48000000 Software package and information systems
  • 65000000 Public utilities

What happened

Pension Protection Fund awarded this contract to Ortec Finance Ltd worth £1,115,410 on 15 Feb 2022.

Description

The Pension Protection Fund (PPF) awarded a contract for an Economic Scenario Model (ESM) in accordance with the Public Contracts Regulations 2015 under the Open Procedure.

Full description

The PPF procured a licence and associated services for an Economic Scenario Model (ESM) for use in assumption-generation for a range of medium and long-term modelling. The solution provides a real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects. The outputs also facilitate the projection of the liabilities of the PPF and those of the pension schemes it protects.

Awarded supplier

Supplier
Ortec Finance Ltd
Award value
£1,115,410
Award date
15 February 2022

Contact

Address
Renaissance, 12 Dingwall Road, Croydon, CR0 2NA

Identifiers

Notice ID
006637-2022
OCID
ocds-h6vhtk-02a5d2

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External ID: fts-ocds-h6vhtk-02a5d2 • Added 20 August 2026