Provision of New Zealand Children Lifetime Actuarial Model

Details

Tender Closed
RFx ID :	17422499
Tender Name :	Provision of New Zealand Children Lifetime Actuarial Model
Reference # :	2016079
Open Date :	Tuesday, 19 April 2016 8:00 AM (Pacific/Auckland UTC+12:00)
Close Date  :	Friday, 13 May 2016 5:00 PM (Pacific/Auckland UTC+12:00)
Department/Business Unit :	Procurement Solutions
Tender Type :	Request for Proposals (RFP)
Tender Coverage :	Sole Agency  [?]
Categories :	80000000 - Management and Business Professionals and Administrative Services 84000000 - Financial and Insurance Services
Regions:	New Zealand
Exemption Reason :	None
Required Pre-qualifications :	None
Contact :	Stephen Moore Procurement@msd.govt.nz 021 810 658
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :

On 30 March 2016, the Cabinet Social Policy Committee endorsed a package of reforms based on the Modernising Child, Youth and Family Expert Panel’s proposed overhaul of the system of services and interventions for vulnerable children, young people, and their families.

The new operating model will be underpinned by a formal investment approach that will inform ambitious targets, collect evidence about what works, measure impacts, and inform potential future reallocation from existing baselines. An important part of the investment approach will be an actuarial valuation of the system-wide forward liability.

Accordingly we require the services of an appropriately qualified Provider to design, build and test a lifetime actuarial model for New Zealand children within stipulated key time frames that are consistent with Ministerial expectations and meet the requirements of the Transformation Programme.

This tender has been awarded to:

• Ernst and Young

Further Award Information:
The agency’s name and address ............................................................... Ministry of Social Development, 56 the Terrace, Wellington
The successful supplier’s or suppliers’ name/s and address/s ............ Ernst & Young, 200 George Street, Sydney, NSW 2000
Description of the goods, services or works ...................................................To design, build and test an actuarial valuation model to support delivery of stronger lifetime outcomes for New Zealand’s most vulnerable children, young people and their children
The date the contract/s was awarded .............................................................16 August 2016
The term of the contract ........................................................................................Expires 30 June 2018
The expected spend under the contract/s .........................................................Price Band - $1M- $5M
The type of procurement process used .............................................................Open - GETS RFx ID 17422499
if the agency claimed an exemption from open advertising (Rule 15) .........Not applicable

Award Date: Tuesday, 30 August 2016 (Pacific/Auckland UTC+12:00)
Date RFx was completed/updated: Tuesday, 30 August 2016 2:00 PM (Pacific/Auckland UTC+12:00)