Award

Consumer ratings product

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION

This public procurement record has 1 release in its history.

Award

05 Dec 2025 at 16:24

Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation, a central government authority in the United Kingdom, recently concluded a procurement process for the "Consumer ratings product," aimed at providing an independent benchmark for comparing financial products. The procurement, categorised under market research services, was carried out as a tender initiative, with Defaqto Limited awarded the contract. The procurement process is complete, and the contract is active as of 5th November 2025, with services set to commence on 1st February 2026 and run through to 31st January 2027. The project is located in London and aligns under the services category. Financial aspects of this contract include a gross value of £41,941.2.

This tender offers significant business growth opportunities, particularly for companies specialising in market research and financial services. Businesses with expertise in providing robust consumer analytics and benchmarks can leverage this contract to enhance their standing in the industry. Large-scale enterprises, including those experienced in offering advisory and comparative services, would be well-suited to compete for similar opportunities, given the detailed analytical requirements set forth by the NEST Corporation. Establishing partnerships with public authorities can open doors to future governmental contracts, resulting in long-term business growth and expanded market presence.

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Notice Title

Consumer ratings product

Notice Description

To provide consumers, advisers, and brokers with an independent and accurate benchmark, enabling them to compare Nest's financial products against others in the market

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f021
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/080332-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Below threshold - unknown
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

79310000 - Market research services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£34,951 Under £100K

Notice Dates

Publication Date
5 Dec 20252 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Nov 20253 months ago
Contract Period
1 Feb 2026 - 31 Jan 2027 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION
Contact Name
Not specified
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
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

DEFAQTO

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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