Award

Independent Professional Trustee Services for CNPP

NUCLEAR DECOMMISSIONING AUTHORITY

This public procurement record has 3 releases in its history.

Award

11 Jun 2025 at 14:14

Award

21 May 2025 at 12:59

Tender

24 Mar 2025 at 11:58

Summary of the contracting process

The Nuclear Decommissioning Authority (NDA), located in Cumbria, United Kingdom, has successfully completed the procurement process for the "Independent Professional Trustee Services for CNPP." This contract was awarded following an open procedure, reflecting the NDA's commitment to transparency and competitiveness in its procurement processes. The contract, valued at £720,000 gross, involves appointing a professional trustee company for a six-year term, with involvement from Law Debenture Trust Corporation P.L.C. as the supplier. Notably, the procurement falls under the "services" category with a focus on pension services and is part of the central government public authority's ongoing efforts to ensure best practices in trustee appointments. The contract was signed on 6th June 2025 and is set to commence on 9th June 2025, extending through to 8th June 2031.

This procurement presents substantial business growth opportunities for companies specialising in professional trustee services, particularly those capable of servicing public sector clients in managing pension-related roles. Businesses that are well-versed in navigating the complexities of trustee duties and can demonstrate exceptional governance capabilities would be well-suited to compete in similar contracts. Given the size and strategic importance of the NDA as a central government entity, successful engagement in such contracts can enhance a business's reputation and provide a platform for further tender opportunities within the public sector.

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Notice Title

Independent Professional Trustee Services for CNPP

Notice Description

The NDA is seeking to appoint an Independent Professional Trustee Company to fill the vacancy on the Board following the previous Director completing its maximum tenure, two periods of 3 years. This procurement is to appoint a Professional Trustee Company for a six-year term. Following appointment of the Company a selection panel will be convened to interview individual Trustee Directors to identify the named individual for Board attendance.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04f7d7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031590-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details 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

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
£600,000 £500K-£1M
Awards Value
£600,000 £500K-£1M
Contracts Value
£600,000 £500K-£1M

Notice Dates

Publication Date
11 Jun 20258 months ago
Submission Deadline
28 Apr 2025Expired
Future Notice Date
Not specified
Award Date
14 May 20259 months ago
Contract Period
8 Jun 2025 - 8 Jun 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Raluca Colbon
Contact Email
raluca.colbon@nda.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
CUMBRIA
Postcode
CA24 3HU
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified

Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

Supplier Information

Number of Suppliers
1
Supplier Name

LAW DEBENTURE TRUST CORPORATION P.L.C. (THE

Open Contracting Data Standard (OCDS)

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