Pensions Administration Software Corrigendum - Contract Value Updated to £3,091,925
Summary
Isle of Wight Council published a corrigendum to its pensions administration software procurement notice originally published in 2022. The notice corrects the contract value, updating it from £2,860,000 to £3,091,925, representing an 8.1% increase. The procurement was conducted via a Further Competition under the National LGPS Framework for Pensions Administration Software.
What changed
The corrigendum modifies the original notice to update the contract value from £2,860,000 to £3,091,925, reflecting an 8.1% increase. The correction states a variation was agreed in January 2025 which could include whole life costs. The original notice was published in 2022 under reference 2022/S 000-014177.
Affected parties, including software vendors and pension scheme administrators, should note the corrected contract value when reviewing this procurement opportunity through the National LGPS Framework.
What to do next
- Monitor for further updates
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Pension - Pensions Administration Software for the Isle of Wight Council through the LGPS Framework for Pensions Administration Software
- Isle of Wight Council F14: Notice for changes or additional information
Notice identifier: 2026/S 000-033001
Procurement identifier (OCID): ocds-h6vhtk-033e06 (view related notices)
Published 10 April 2026, 5:34pm
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Contents
one. Contracting authority/entity Press escape key to exit two. Object six. Complementary information seven. Changes
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- Copy link Print this notice Report concerns about this procurement ## Section one: Contracting authority/entity
one.1) Name and addresses
Isle of Wight Council
County Hall, High Street
Newport
PO30 1UD
Contact
Mrs Lucy Chandler
Telephone
+44 1983821000
Country
United Kingdom
Region code
UKJ34 - Isle of Wight
Internet address(es)
Main address
Buyer's address
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Pension - Pensions Administration Software for the Isle of Wight Council through the LGPS Framework for Pensions Administration Software
Reference number
DN598432
two.1.2) Main CPV code
Software package and information systems
two.1.3) Type of contract
Supplies
two.1.4) Short description
Pensions Administration Software for the Isle of Wight Council through the LGPS Framework for Pensions Administration Software
Section six. Complementary information
six.6) Original notice reference
Notice number: 2022/S 000-014177
Section seven. Changes
seven.1.2) Text to be corrected in the original notice
Section number
VI.3
Place of text to be modified
Additional Information
Instead of
Text
Note re IV.I.I - the procurement process used was actually a Further Competition under the
National LGPS Framework for Pensions Administration Software Primarily in Support of the
Local Government Pension Scheme (NCCT41608)
Note - the tendered value based on (1) migration costs and (2) a total for the first 5 years of
the contract as per the tender documents
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Text
Note re IV.I.I - the procurement process used was actually a Further Competition under the
National LGPS Framework for Pensions Administration Software Primarily in Support of the
Local Government Pension Scheme (NCCT41608)
Note - the tendered value based on (1) migration costs and (2) a total for the first 5 years of
the contract as per the tender documents
UPDATED: A variation was agreed Jan 2025 which could inc whole life costs from The whole life cost is likely to be in the region of 2,860,000 GBP. to £3,091,925 GBP which is an increase of 8.1%. This is included for full transparency.
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