Pension Administration Services
Solicitation number 181847
Publication date
Closing date and time 2023/11/02 15:00 EDT
Description
The Insurance Corporation of British Columbia (ICBC) hereby gives notice that it intends to extend a contract with Telus Health (Canada) Ltd., with an address of 400-411 Dunsmuir Street, Vancouver, BC, V6B 1X4 to continue to provide existing pension administration services for an additional year. The goal of extending the current contract is to align the transition of a new vendor with the implementation of a new human capital management system.
This contract extension is anticipated to be one year from August 1, 2025 to July 31, 2026. The value of this contract is estimated to be $1,300,000.00 plus applicable taxes.
ICBC entered into a contract with Telus Health (Canada) Ltd. (FKA Morneau Shepell Ltd.), effective August 1, 2015 to perform pension administration services for COPE/ICBC Pension Plan, the ICBC Pension Plan for Management & Confidential Employees and the ICBC Supplemental Employee Retirement Plan. ICBC intends to extend the existing contract with Telus Health in order to provide continuous pension services while ICBC is implementing a new human capital management system.
ICBC intends to post a public procurement solicitation for the same pension administration services by October 2024.
Vendors wishing to object to this decision should send an email to Sourcing@ICBC.com by November 2, 2023 at 12:00 noon PT with specific reasons for their objection and citing “NOI 3305 Pension Administration Services” in the email message subject line. Vendor solutions and qualifications, compliance with B.C. laws and the ability to provide the same products or same level of service at a lower cost will be the key criteria with regard to the consideration of vendor’s objections.
This contract extension is anticipated to be one year from August 1, 2025 to July 31, 2026. The value of this contract is estimated to be $1,300,000.00 plus applicable taxes.
ICBC entered into a contract with Telus Health (Canada) Ltd. (FKA Morneau Shepell Ltd.), effective August 1, 2015 to perform pension administration services for COPE/ICBC Pension Plan, the ICBC Pension Plan for Management & Confidential Employees and the ICBC Supplemental Employee Retirement Plan. ICBC intends to extend the existing contract with Telus Health in order to provide continuous pension services while ICBC is implementing a new human capital management system.
ICBC intends to post a public procurement solicitation for the same pension administration services by October 2024.
Vendors wishing to object to this decision should send an email to Sourcing@ICBC.com by November 2, 2023 at 12:00 noon PT with specific reasons for their objection and citing “NOI 3305 Pension Administration Services” in the email message subject line. Vendor solutions and qualifications, compliance with B.C. laws and the ability to provide the same products or same level of service at a lower cost will be the key criteria with regard to the consideration of vendor’s objections.
Contract duration
Refer to the description above for full details.
Trade agreements
-
Please refer to tender description or tender documents
Contact information
Contracting organization
- Organization
-
Insurance Corporation of British Columbia
- Email
- Sourcing@icbc.com
Bidding details
Full details for this tender opportunity are available on a third-party site
Click on the button below to be directed to this website. Note that on the third-party site you may need an account to view and/or bid on this tender. Information on any fees or additional costs to access the full details is outlined in the Description tab of this tender opportunity.