Award

TEN-2122-021 Financing Consultancy Services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

29 Apr 2022 at 12:14

Summary of the contracting process

The National Employment Savings Trust (NEST) has completed the procurement process for the contract titled "TEN-2122-021 Financing Consultancy Services." This contract, valued at £100,000, involved the provision of financing consultancy and advisory services to support NEST in financial management, ensuring value for money for its members and taxpayers. The procurement method used was a limited competitive quotation, and the contract was officially awarded on 2nd February 2022. The contract period spans from 14th April 2022 to 13th April 2023, with all activities based in London, United Kingdom. The tender process concluded on 14th January 2022.

This tender presents a significant opportunity for businesses specializing in financial consultancy services, particularly those that excel in advisory roles related to pension schemes and financial management. Firms capable of delivering high-quality consultancy and demonstrating robust financial strategies would be well-suited to compete in similar future procurements. As seen in this instance, large firms such as PwC LLP succeeded in the competitive process, indicating that organisations with established reputations and expertise in the field may have distinct advantages.

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Notice Title

TEN-2122-021 Financing Consultancy Services

Notice Description

This contract is for the provision of financing consultancy and advisory services to Nest. The supplier that has been appointed will provide advice regarding the financial management of the scheme, in the context of Nest's obligations to deliver strong value for money to the members and the taxpayer.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-18e64a82-09c7-475d-b92c-f63b47b5329e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b71bd580-8be0-4f3e-bbf8-6948724a0a8a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
£100,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 20223 years ago
Submission Deadline
14 Jan 2022Expired
Future Notice Date
Not specified
Award Date
2 Feb 20224 years ago
Contract Period
13 Apr 2022 - 13 Apr 2023 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

PWC

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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