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Provision of Investment Risk Platform Services

National Employment Savings Trust (NEST)

This public procurement record has 2 releases in its history.

Award

30 Nov 2023 at 10:53

Award Notice
Tender

13 Jan 2023 at 20:09

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has recently awarded a contract for the "Provision of Investment Risk Platform Services" to BlackRock Financial Management Inc through an open procedure. The tender aimed to obtain a tool for monitoring and analysing risk profiles of the investments at both asset class and multi-asset portfolio levels. The procurement process was carried out under the CPV code 72212411 for investment management software development services. The contract, valued at £1,750,000, was signed on 30th September 2023, with a defined standstill period for review procedures.

The tender for the "TEN-2223-015 - Investment Risk Platform" by NEST Corporation remains active, with an award period starting on 13th February 2023. The procurement process seeks to procure an Investment Risk Platform to enhance investment strategies and risk monitoring within NEST. The tender, focused on IT services consulting and software development, offers opportunities for businesses in the services category. The tender period ends on 13th February 2023, and interested parties can submit bids electronically or in writing as per the submission terms provided.

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Notice Information

Notice Title

Provision of Investment Risk Platform Services

Notice Description

This tender requirement is for the Provision of Investment Risk Platform Services across a five year contract duration, to support Nest in monitoring and analysing risk profiles of their investments at both asset class and multi-asset portfolio level.

Lot Information

Lot 1

This tender requirement is for the Provision of Investment Risk Platform Services across a five year contract duration, to support Nest in monitoring and analysing risk profiles of their investments at both asset class and multi-asset portfolio level.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-039791
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035311-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72212411 - Investment management software development services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,750,000 £1M-£10M

Notice Dates

Publication Date
30 Nov 20232 years ago
Submission Deadline
13 Feb 2023Expired
Future Notice Date
Not specified
Award Date
30 Sep 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

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
Postcode Area
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
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

BlackRock Financial Management Inc

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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