Target operating model phase 4

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION

This public procurement record has 3 releases in its history.

ContractTermination

29 Apr 2026 at 10:22

Award

20 Feb 2026 at 17:09

Award

13 Jan 2026 at 15:24

Summary of the contracting process

The procurement process for the "Target Operating Model Phase 4" was initiated by the National Employment Savings Trust (NEST) Corporation, a central government public authority located at 10 South Colonnade, Canary Wharf, London E14 4PU, United Kingdom. The tender, titled "Target Operating Model Phase 4", focused on financial consultancy services, aligning with NEST's strategic pillars through design and planning enhancements. The procurement was conducted under a framework agreement using a selective method, with key dates including the award notice published on 13th January 2026, and the contract period spanning from 14th January to 31st March 2026. The contract, worth £986,061, was executed with ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED, located at 60 Gresham Street, London, UK.

This tender represents a significant opportunity for businesses in the financial consultancy services sector, particularly those specialising in strategic design and implementation. Companies with expertise in embedding targeted operating models and possessing the capability to deliver market insights and technology procurement support are well-suited for such contracts. The framework agreement offers an entry point for businesses to collaborate with government organisations, fostering growth by strengthening partnerships and expanding service footprints within the public sector. The structured procurement method underlines the strategic importance of aligning business objectives with NEST's long-term operational goals, ensuring comprehensive stakeholder engagement and implementation ownership.

How relevant is this notice?

Notice Title

Target operating model phase 4

Notice Description

Building on work completed to date and following the detailed, design and planning during Phase 3, Nest Invest is seeking a partner to work with the team to implement their Target Operating Model ('TOM') - focusing on embedding the design produced in Phase 3 and progressing the key Target Operating Model enhancements identified that align to Nest's strategic pillars.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0604e0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039063-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK11 - Contract Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£986,274 £500K-£1M
Contracts Value
£986,274 £500K-£1M

Notice Dates

Publication Date
29 Apr 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Jan 20265 months ago
Contract Period
14 Jan 2026 - 31 Mar 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION
Additional Buyers

MISSING

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
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

ALPHA FINANCIAL MARKETS CONSULTING

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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