Create your Invitation to Further Competition Document

Setting Evaluation Criteria and Weightings

All Further Competitions run under the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services must use the following Evaluation Criteria:

You can set the weightings based on your priorities (within the minimum and maximum amounts allowed), as long as the total equals 100%. For example, if Quality is most important, you may allocate it 80% and adjust the others accordingly.

Quality Questions

Your questions will need to be tailored to your Specification of Requirements. The number and type of questions should reflect the complexities of your requirements.

When creating your own questions it helps to:

• Have fewer questions that focus on key differentiators.
• Avoid too many questions - this can mean some (if not all) questions have a very small percentage of the marks and may discourage providers from bidding.
• Set maximum word counts for each question - consider the impact response lengths will have on your ability to easily evaluate.
• Assign higher weightings to the most critical questions.

Next Steps

Once you've finalised your evaluation criteria and Quality questions:

• Add them to your Invitation to Further Competition document.
• Ensure all weightings are clearly defined and aligned with your priorities

Pricing Schedule

As part of their application to join the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services, each Provider submitted a list of ceiling prices. These can be found in the Pricing Schedules. It is important to remember that the ceiling prices quoted are the maximum each service Provider can charge under the Framework.

The fees quoted in the Lot 1 Pricing Schedule is based on a model scenario which is detailed in the document.

Further Competition Evaluated Prices - Create your Pricing Schedule

You must clearly lay out your own specific requirements and create a pricing schedule which accurately reflects your requirements. This allows you to evaluate on a like-for-like basis. It is also worth thinking about whether you would like to include non-evaluated (information only) questions here.

For the pricing element of your Further Competition you will need to:

• Create your own Pricing template for Providers to price against.
• Allocate weightings against the pricing section of your Further Competition. (Please remember that your weightings combined for Quality and Cost must add up to 100%)
• Understand the impact of weightings by modelling different scenarios before your Further Competition is issued, as it is not possible to change the award criteria after this point.