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C1185 - Specialist Accounting Services

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 1 release in its history.

AwardUpdate

05 Oct 2026 at 11:37

Award Notice
Summary of the contracting process

National Wealth Fund Limited procured specialist accounting services. The requirement is for accounting expertise to support the fund; the description identifies a zero-spend commitment arrangement with a maximum potential value across the term. The service is classified as accounting services (CPV 79211000). Delivery is stated as being in the United Kingdom, without a more specific service location. This is a services requirement, rather than a purchase of goods or construction work. The buyer is based in Leeds, while the selected supplier, Ernst & Young LLP, is based in London. The procurement is suitable for small and medium-sized businesses, so the requirement is not presented as restricted to large suppliers.

The procurement is complete and was awarded to Ernst & Young LLP. The award date was 3 December 2025, and the contract runs from 4 December 2025 to 30 April 2027. The stated maximum award value is £200,000; the contract is described as a zero-spend commitment, so this is a ceiling rather than a guaranteed spend. The contract was let through a selective call-off from a framework agreement. The tender submission deadline was 3 December 2025. The available details do not describe lots or set out evaluation criteria, so no lot-specific outcomes or assessment basis can be identified. The selected supplier is named, and the award is recorded as active.

For accounting firms, this award demonstrates demand from National Wealth Fund Limited for specialist accounting support through a framework call-off. Ernst & Young LLP, a large professional-services firm, was selected, indicating that a supplier with established accounting capability and the capacity to support a public investment institution was credible for this requirement. The stated SME suitability means smaller firms may also be relevant competitors, particularly where they can show specialist expertise and sufficient delivery capacity. Firms preparing for comparable future requirements should consider whether they can provide the breadth and reliability of accounting services expected by a national fund, and whether they can access the relevant framework route. The arrangement is a ceiling-based commitment rather than guaranteed work, so suppliers should account for variable or limited demand when assessing its commercial fit.»

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Notice Information

Notice Title

C1185 - Specialist Accounting Services

Notice Description

Provision of Specialist Accounting Services. This is a zero-spend commitment contract up to a maximum potential value of PS200,000 over the whole term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6c4e0d6d-d47f-4475-83fb-33ec5ea12b1a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/135424b4-ee68-491c-bed3-d98a3547aa88
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79211000 - Accounting services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Oct 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
3 Dec 202510 months ago
Contract Period
4 Dec 2025 - 30 Apr 2027 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK INFRASTRUCTURE BANK LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Postcode Area
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young LLP

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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