Award

Public Market Database Subscription

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 4 releases in its history.

Award

18 Oct 2024 at 17:02

Award Notice
TenderAmendment

23 Aug 2024 at 11:45

Tender Notice
TenderAmendment

23 Aug 2024 at 11:36

Tender Notice
Tender

23 Aug 2024 at 11:32

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has entered into a contract for a Public Market Database Subscription to support the Public Markets team. The contract, valued at £148,000, involves a three-year subscription to the Nasdaq eVestment platform. This procurement falls under the industry category of "Data-acquisition system" with delivery in London, United Kingdom. The procurement method used was a competitive quotation below the threshold, and the award stage was completed on 24th September 2024, with the contract running from 24th September 2024 to 23rd September 2027. Key dates included the tender end on 6th September 2024.

This procurement offers significant business growth opportunities, especially for large firms in the software and data-acquisition industry. The competitive quotation process highlights potential chances for similar future contracts with established buying organisations like NEST. Businesses that provide comprehensive global and regional investment data and adhere strictly to minimum requirements stand a good chance of competing for such tenders. The opportunity calls for suppliers capable of offering subscription-only datasets, making it suitable for firms that specialise in data supply without additional consultancy services.

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Notice Information

Notice Title

Public Market Database Subscription

Notice Description

Nest has entered into a contract fir access to a database to support the research activities of the Public Markets team, which is responsible for selecting and monitoring equity and fixed income external fund managers. This is a three year subscription for access to the Nasdaq eVestment platform.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-df8f1041-3949-415c-8f1f-e573428f4d2b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6408321d-2487-411a-a2c1-ba00c175736f
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

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

CPV Codes

48614000 - Data-acquisition system

72319000 - Data supply services

Notice Value(s)

Tender Value
£148,000 £100K-£500K
Lots Value
Not specified
Awards Value
£148,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
6 Sep 2024Expired
Future Notice Date
Not specified
Award Date
23 Sep 20241 years ago
Contract Period
23 Sep 2024 - 23 Sep 2027 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
Kat Humphries
Contact Email
procurement@nestcorporation.org.uk
Contact Phone
Not specified

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

EVESTMENT ALLIANCE (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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