Award

TEN-2122-001 FSIP Professional Services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

26 Jul 2021 at 12:44

Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has recently awarded a contract titled "TEN-2122-001 FSIP Professional Services," aimed at providing professional services to support its Future Scheme Implementation Programme (FSIP). This tender, classified under the industry category of Pension Fund Consultancy Services, is located in London, UK. The procurement stage is complete, with the award made on 23rd June 2021. The contract is valued at £2,830,000 and runs from 13th July 2021 until 31st December 2023. The procurement method employed was selective, involving a call-off from a framework agreement, with the tender period having ended on 14th May 2021.

This tender presents substantial growth opportunities, particularly for businesses that specialise in consultancy services, project management, and technical architecture within the financial services sector. Firms with expertise in large-scale implementation, risk management, and organisational change will be well-positioned to compete. Given the nature of the services required, small and medium-sized enterprises (SMEs) may find advantageous positions, especially those that can demonstrate a solid understanding of the pensions industry and related consultancy areas. This contract opens avenues not only for consulting firms but also for those with capabilities in digital design and data analysis.

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Notice Information

Notice Title

TEN-2122-001 FSIP Professional Services

Notice Description

This contract covers Nest Corporation's requirement for the provision of professional services to support its Future Scheme Implementation Programme (FSIP). In February 2021, Atos BPS Limited were formally appointed as the future provider of administration services for Nest's defined contribution pension scheme. Following this appointment, Nest has procured professional services support for the implementation, delivery and stabilisation phases of the FSIP programme of work, under which these administration services will be transitioned from the incumbent provider to Atos BPS Limited. Under this contract, the professional services which have been procured will provide expertise across, but not limited to, the following areas: - Solution delivery - Large scale implementation and delivery (including testing and assurance) - Large scale, complex service transition and data migration - Technical architecture in the financial services industry - Pensions administration risk and control - Knowledge of the pensions industry - General management consultancy - Programme and project management - Risk management - Human-centred design - Business analysis - Digital design - Data analysis and analytics - Organisational change (strategy, communications and implementation) - Commercial and contract management

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-756c3f6f-b115-4fb1-88b5-3132262dd639
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a0a74d97-3d24-4431-999f-cd94f4f249bb
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

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

66523000 - Pension fund consultancy services

72224000 - Project management consultancy services

72246000 - Systems consultancy services

79411000 - General management consultancy services

Notice Value(s)

Tender Value
£2,830,000 £1M-£10M
Lots Value
Not specified
Awards Value
£2,830,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jul 20214 years ago
Submission Deadline
14 May 2021Expired
Future Notice Date
Not specified
Award Date
22 Jun 20214 years ago
Contract Period
12 Jul 2021 - 31 Dec 2023 2-3 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
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
2
Supplier Names

PA CONSULTING

PRICEWATERHOUSECOOPERS

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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