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Pay and Benefits Benchmarking review

Development Bank of Wales

This public procurement record has 4 releases in its history.

Award

19 Mar 2026 at 17:10

UK7 - Contract Details Notice
Award

15 Dec 2025 at 14:44

UK6 - Contract Award Notice
Tender

09 Oct 2025 at 13:53

UK4 - Tender Notice
Planning

07 Oct 2025 at 12:12

UK3 - Planned Procurement Notice
Summary of the contracting process

The Development Bank of Wales has successfully awarded a contract for the "Pay and Benefits Benchmarking review" under an open procedure. This procurement process follows the Welsh devolved regulations and aims to ensure competitive and aligned remuneration practices. The contract has been awarded to Mercer Limited and is set to commence in February 2026, running initially for one year with options to extend potentially until February 2032. The procurement addressed business services and research and development services, covering a comprehensive review of pay and benefits structures within the UK sectors. The head office of the buying organisation is located in Cardiff, UK. The contract is currently in the 'Award' stage, having concluded with Mercer Limited securing the contract for an amount valued at £180,000 GBP.

This tender presents growth opportunities for businesses specialising in consultancy services, particularly in compensation and benefits analysis. Organisations with expertise in benchmarking against industry standards and those proficient in conducting job evaluations and providing strategic remuneration advice are well-suited to compete for similar tenders. For SMEs, this open procedure highlights the importance of proven experience in pay structure review, legal compliance, and strategic engagement. Such contracts could support business expansion within public sector consulting by leveraging value-added services aligned with market movements and organisational objectives in Wales and broader UK markets.

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Notice Information

Notice Title

Pay and Benefits Benchmarking review

Notice Description

The Development Bank of Wales has awarded a contract following a competitive procurement process in accordance with the Procurement Act 2023. The awarded contract covers the provision of services to support DBW in delivering Pay and Benefits Benchmarking review. The evaluation was undertaken against the published criteria, including quality, and price Following evaluation, the contract was awarded to Mercer as the most advantageous tender (MAT). The contract will commence in February 2026 and is expected to run until February 2027, with options to extend where specified in the procurement documents. If extensions are taken the contract will run until February 2032. Further details, including total contract value, procurement route, and key deliverables, are available in the published Contract Award Notice on Find a Tender.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05a97a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025464-2026
Current Stage
Award
All Stages
Planning, 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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

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

CPV Codes

73000000 - Research and development services and related consultancy services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
£180,000 £100K-£500K
Awards Value
£180,000 £100K-£500K
Contracts Value
£180,000 £100K-£500K

Notice Dates

Publication Date
19 Mar 20265 months ago
Submission Deadline
13 Nov 2025Expired
Future Notice Date
8 Oct 2025Expired
Award Date
11 Dec 20258 months ago
Contract Period
2 Feb 2026 - 1 Feb 2029 3-4 years
Recurrence
2031-10-08

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer Limited

Further Information

Notice Documents

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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