Thursday, December 17, 2009

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TCS sole bidder for UK pension project

Tata Consultancy Services, India's largest software outsourcer, is the only firm left in the running for the contract to administer Britain's new national pension scheme, the Mint paper reported on Wednesday.

Other outsourcing firms withdrew during the "competitive dialogue" phase of bidding after deciding the project was not commercially viable, the report said.

"They are an exceptionally strong bidder and we are making excellent progress, but we need to conclude the procurement process appropriately and evaluate their proposals," Tim Jones, chief executive of Personal Accounts Delivery Authority (PADA), told the paper.

PADA will appoint a technology services vendor to manage the pension scheme. "We are keen to continue working with PADA to develop our proposed solution for the personal accounts scheme. This project will help millions of people save for their retirement and we are fully committed to it," TCS said when contacted for comment.

The paper did not say how much the contract was worth, and TCS did not disclose a value.


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