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Provision of Commercial Advisory Services

National Employment Savings Trust (NEST)

This public procurement record has 2 releases in its history.

Award

06 Sep 2024 at 11:23

Award Notice
Tender

25 Apr 2024 at 16:28

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has completed the provision of commercial advisory services, under the contract ID TEN-2324-031. This agreement, valued at £1,500,000 per supplier, provides commercial and contract management expertise on a 4-year Framework Agreement. The procurement process was for services within the business and management consultancy sector, specifically classified under CPV code 79400000. Three suppliers have been awarded active contracts from 6th August 2024: Baringa Partners LLP, Efficio Ltd, and PricewaterhouseCoopers LLP UK, all based in London, UK. The tender was conducted through an open procedure in line with GPA regulations, and key dates involved the tender period ending on 16th May 2024 and the subsequent contract awards.

This tender offers substantial opportunities for business growth, especially for companies specialising in strategic business consultancy and contract management. The 4-year framework allows companies to secure long-term engagements, offering stability and sustained revenue. Businesses that can deliver high-quality, cost-effective commercial advice would be well-suited to compete for such tenders. Given the nature of the required services, both large enterprises and capable SMEs with a proven track record in business and management consultancy could benefit significantly from participating. The open and detailed procurement process ensures transparency and the opportunity for equal competition among qualified suppliers.

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Notice Information

Notice Title

Provision of Commercial Advisory Services

Notice Description

This contract is for a small advisory panel (on a 4-year Framework Agreement) who can provide specialist commercial and contract management expertise to Nest.

Lot Information

Lot 1

This contract is for a small advisory panel (on a 4-year Framework Agreement) who can provide specialist commercial and contract management expertise to Nest.

Renewal: Once the 4 year term has ended, if Nest still require the services, then it is likely a new framework agreement will be put in place.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04553a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028576-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
£1,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,500,000 £1M-£10M

Notice Dates

Publication Date
6 Sep 20241 years ago
Submission Deadline
16 May 2024Expired
Future Notice Date
Not specified
Award Date
6 Aug 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
3.5 year after agreement is established

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
3
Supplier Names

Baringa Partners LLP

Efficio Ltd

PricewaterhouseCoopers LLP UK

Further Information

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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