Award

TEN-2324-016 Call-Off Contract [2]

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

10 Dec 2025 at 13:49

Summary of the contracting process

The National Employment Savings Trust (NEST), a key statutory corporation based in London, has recently awarded a call-off contract to Hymans Robertson LLP, marking the conclusion of the procurement stage titled "TEN-2324-016 Call-Off Contract [2]." This procurement, classified under Business and Management Consultancy Services (CPV code: 79410000), was handled through a selective method, initiating from a framework agreement. The tender focused on providing support in benefit design and value assessment for NEST, with the contract running from 9th October 2025 to 30th April 2026. The total value of the awarded contract stands at GBP 488,100, signifying notable investment in consultancy services in the London area and underscoring the strategic importance of the project to NEST’s operations.

This procurement presents lucrative business growth opportunities, particularly for large consultancy firms with expertise in financial services and management consultancy, capable of delivering strategic insights on benefit and structural design elements. Entities well-versed in working within frameworks and adept at engaging with large public sector organisations like NEST may find similar future contracts highly beneficial. As this procurement demanded a selective approach, businesses suited to respond to such tender processes can position themselves advantageously for upcoming opportunities in this industry sector, thereby enhancing their portfolio and market presence.

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Notice Title

TEN-2324-016 Call-Off Contract [2]

Notice Description

The provider will support Nest to develop positions on key benefit design questions in advance of the codesign period, including approaches to transfer values and death benefits, and on structural design elements, including the approach for assessing value for money. The provider will also support Nest to establish the approach for working with the appointed insurer throughout the co-design phase.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-304f9f78-21c9-4d16-b864-ca005e9f6a04
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9ff4f499-9b4f-4dfe-bdfb-a69887f677b4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£480,100 £100K-£500K
Lots Value
Not specified
Awards Value
£488,100 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Dec 20252 months ago
Submission Deadline
8 Oct 2025Expired
Future Notice Date
Not specified
Award Date
16 Oct 20254 months ago
Contract Period
8 Oct 2025 - 30 Apr 2026 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

HYMANS ROBERTSON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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