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In deliveryUnited KingdomServices£575,000Add to pipeline

Economic Scenario Generator Service

Awarded to Barnett Waddingham LLP, Ortec Finance

Government Actuary’s Department(buyer)

Published
Published 9 December 2025
Deadline
Closed 25 January 2026

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Overview

The Government Actuary's Department awarded a contract worth £635,094 to Barnett Waddingham LLP and Ortec Finance for delivering an economic scenario generator service and climate scenario service, with an optional call-off for asset liability modelling software. The contract is currently in delivery/complete status.

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Lots (2)

  • Economic Scenario Generator Service

    The Authority wishes to procure ESG data to use in its proprietary and third party models to project asset and liability outcomes. This analysis will support the Authority's work in applying actuarial services to the public sector. Such economic scenarios should include all the main institutional investment asset classes and the UK's main inflation indices. Optionality to include further data types is sought, such as further asset classes and other economic variables. The above economic scenarios must be provided at 31 March and 31 December each year, with optionality to include other quarter end or month end dates.

    £325,000Won by Barnett Waddingham LLP
  • Climate Scenario Service

    The Authority also seeks to procure climate scenarios. The climate scenarios must be provided annually at the end of each financial year, but the supplier should set out how additional climate scenario provision could be made, for the Authority to consider if this adds value to its proposition.

    £250,000Won by Ortec Finance

Key details

Country
United Kingdom
Status
In delivery
Category
Services
Estimated value
£575,000
Procedure
Open
SME suitable
Yes
Published
9 December 2025
Questions by
7 January 2026
Deadline
Closed
Classification (CPV)
Economic research services

Award outcome

Awarded value
£635,094
Award date
7 April 2026
Contract period
9 March 2026 → 8 March 2029
Winners
  • Barnett Waddingham LLP
  • Ortec Finance

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    10 April 2026

  2. Tender Update

    2 January 2026

  3. Tender Update

    22 December 2025

  4. Contract Notice

    12 December 2025

  5. Prior Information Notice

    9 December 2025

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