Award

Pay Review

NATIONAL SAVINGS & INVESTMENTS

This public procurement record has 1 release in its history.

Award

19 Sep 2023 at 14:42

Award Notice
Summary of the contracting process

The National Savings & Investments (NS&I), a UK savings bank and a Non-Ministerial Department of the Treasury, has completed an award process for a "Pay Review" consultancy services contract worth £22,500. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from 31st July 2023 to 30th October 2023. The tender period ended on 30th July 2023 with a delivery location in London under the human resources management consultancy services category.

This tender opportunity can benefit businesses in the human resources management consultancy services industry, especially those based in London. SMEs are considered suitable for this procurement. The award was made to KORN FERRY (UK) LIMITED, a large-scale supplier. The transformation programme at NS&I will involve more insourcing of IT and digital skills, providing opportunities for participating businesses to showcase their expertise in these areas and contribute to NS&I's change initiatives.

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Notice Information

Notice Title

Pay Review

Notice Description

National Savings & Investments (NS&I) is the UK's savings bank. It is a Non-Ministerial Department of the Treasury and has about 200 staff, the majority of them in unique roles. Pay is covered by the Treasury remit but is a local system with some distinctive features, including a 6.8% bonus pot. However, there has been growing pressure to review the arrangements. Staff turnover has risen to over 15% and the overall offer - including flexibilities such as a 9 day fortnight - no longer stand out from the competition. In addition, NS&I has embarked on a programme of transformation which will change relationships with suppliers and lead to more insourcing of IT and digital skills in particular. External advice is needed on who to benchmark against, how competitive the offer is, whether the current rewards are still fit for purpose and what needs to change.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ad45b32e-b8c6-4d59-8279-e8e142a0c621
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e4017ffd-a3f9-4f13-8df4-b3da8258e50d
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

79414000 - Human resources management consultancy services

Notice Value(s)

Tender Value
£20,500 Under £100K
Lots Value
Not specified
Awards Value
£22,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Sep 20232 years ago
Submission Deadline
30 Jul 2023Expired
Future Notice Date
Not specified
Award Date
29 Jul 20232 years ago
Contract Period
30 Jul 2023 - 30 Oct 2023 1-6 months
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 SAVINGS & INVESTMENTS
Contact Name
Rachel Whellans
Contact Email
rachel.whellans@nsandi.com
Contact Phone
07779 778 253

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KORN FERRY (UK

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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