Long Term Management Due Diligence

{
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    "id": "ocds-h6vhtk-0677f7-2026-05-29T11:53:23+01:00",
    "date": "2026-05-29T11:53:23+01:00",
    "ocid": "ocds-h6vhtk-0677f7",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-PPON-PZLH-3537-RPCP",
            "name": "National Wealth Fund Limited",
            "identifier": {
                "scheme": "GB-PPON",
                "id": "PZLH-3537-RPCP"
            },
            "address": {
                "streetAddress": "2 Whitehall Quay, Leeds, LS1 4HR",
                "locality": "Leeds",
                "postalCode": "LS1 4HR",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKE42"
            },
            "contactPoint": {
                "email": "procurement@nationalwealthfund.org.uk"
            },
            "roles": [
                "buyer"
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            "details": {
                "url": "https://atamis-3929.my.site.com/s/Welcome",
                "classifications": [
                    {
                        "id": "publicAuthorityCentralGovernment",
                        "scheme": "UK_CA_TYPE",
                        "description": "Public authority - central government"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-PPON-PZLH-3537-RPCP",
        "name": "National Wealth Fund Limited"
    },
    "planning": {
        "milestones": [
            {
                "id": "engagement",
                "type": "engagement",
                "description": "We would welcome expressions of interest, or any feedback on the proposed structure and outline scope. This can be sent to procurement@nationalwealthfund.org.uk before the engagement deadline 14th April 2026. Please quote C1277 Long Term Management Due Diligence in the subject line of your email.",
                "dueDate": "2026-04-14T23:59:59+01:00",
                "status": "scheduled"
            }
        ],
        "documents": [
            {
                "id": "029169-2026",
                "documentType": "marketEngagementNotice",
                "noticeType": "UK2",
                "description": "Preliminary market engagement notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/029169-2026",
                "datePublished": "2026-03-30T14:46:41+01:00",
                "format": "text/html"
            }
        ]
    },
    "tender": {
        "id": "C1277",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "Long Term Management Due Diligence",
        "description": "The National Wealth Fund (\"NWF\") regularly requires the provision of Management Due Diligence services in support of individual equity investment opportunities under consideration. In order to streamline and standardise the commissioning of these services, NWF is seeking to establish two overarching contractual arrangements from which services may be called off on a Statement of Work basis as individual investment opportunities arise. It is NWF's intention to award contracts to two (2) suitably qualified suppliers, reflecting the potential for conflicts of interest that may arise in relation to target companies or differences in service line capability and capacity. Each contract is anticipated to be for a duration of four (4) years. Whilst the contracts will be established on a no-committed spend basis, it is anticipated that they will represent the default route for the procurement of Management Due Diligence services throughout the contract term. The required outputs and deliverables associated with the services shall comprise draft and final Management Due Diligence reports. Services may be undertaken in respect of any combination of the following individuals, as specified by NWF on a case-by-case basis: - Founders and co-founders - Executive directors - Members of the senior leadership team - Functional leads and other key individuals identified by NWF Specialisms sought under this contract include: - Management Capability Assessment (Core Requirement): A comprehensive assessment of the capability, effectiveness, and overall suitability of the target company's management team. - Referencing and Evidence Gathering (Core Requirement): The undertaking of referencing and evidence-gathering activities, which may include, as appropriate: referencing with previous employers or colleagues; referencing with current employees; and blinded or anonymised reference discussions. - Integrity and Background Checks (Optional Capability): Where relevant to the target company, the completion of integrity and background checks. - Compensation and Incentives Review (Optional Capability): Where relevant, a review of management remuneration and incentive arrangements, including benchmarking of base salary, variable cash compensation, equity participation, and option schemes. - Enhanced Team Effectiveness and Psychometric Assessment (Optional Capability): Where relevant, enhanced assessment of team effectiveness, potentially including the administration and interpretation of recognised psychometric or behavioural assessment tools at an individual and/or team level. - Regulatory, Government, and Stakeholder Engagement (Optional Capability): Where relevant, an assessment of management's experience in engaging with central and local government bodies, together with experience of regulatory compliance and planning processes. Suppliers must offer those service lines marked as Core Scope and may apply for any service lines marked Optional Capability within their bid in order to be able to offer them under the contract.",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "79410000",
                        "description": "Business and management consultancy services"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UK",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "UK",
                        "country": "GB",
                        "countryName": "United Kingdom"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "value": {
            "amountGross": 1800000,
            "amount": 1500000,
            "currency": "GBP"
        },
        "mainProcurementCategory": "services",
        "aboveThreshold": true,
        "lots": [
            {
                "id": "1",
                "suitability": {
                    "sme": true
                },
                "contractPeriod": {
                    "startDate": "2026-08-24T00:00:00+01:00",
                    "endDate": "2030-08-23T23:59:59+01:00"
                },
                "status": "active",
                "value": {
                    "amountGross": 1800000,
                    "amount": 1500000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "weightingDescription": "Price per quality point",
                    "criteria": [
                        {
                            "type": "price",
                            "name": "Commercial",
                            "description": "Suppliers are asked to provide a fixed price for the core service lines based on a set number of people. Pricing for optional service lines and a rate card are also sought. Full details of the commercial assessment are available in Appendix 5 - Management Due Diligence Services - Tender Assessment Methodology and Appendix 8 - Pricing Template."
                        },
                        {
                            "type": "quality",
                            "name": "Technical",
                            "description": "Quality will be assessed based on the Appendix 7 Technical Response - Award Criteria and Appendix 5 Tender Assessment Methodology. Questions and weightings are as follows: 1) Understanding of NWF Requirements and Proposed Approach & Methodology 20% 2) Successful Delivery and Relevant Experience (Case Studies) 25% 3) Proposed Team Structure and Resourcing Model 25% 4) Flexibility, Responsiveness and Time-Critical Delivery 20% 5) Social Value Question 10% Additionally suppliers will be asked to complete a question per optional service line they wish to bid for. These will not affect the overall contract award but will govern if a supplier is able to offer that optional service line under their contract should they be awarded: 6) Integrity and Background Checks Pass/Fail 7) Compensation and Incentives Review Pass/Fail 8) Enhanced Team Effectiveness and Psychometric Assessment Pass/Fail 9) Regulatory, Government, and Stakeholder Engagement Pass/Fail"
                        }
                    ]
                },
                "selectionCriteria": {
                    "criteria": [
                        {
                            "type": "economic",
                            "description": "Please see the conditions of participation in Appendix 6 - Procurement Specific Questionnaire included within the Invitation To Tender document."
                        },
                        {
                            "type": "technical",
                            "description": "Please see the requirements fully detailed in Appendix 3 - Specification. Suppliers must be able to provide the Core Services at a minimum."
                        }
                    ]
                }
            }
        ],
        "communication": {
            "futureNoticeDate": "2026-04-24T23:59:59+01:00"
        },
        "status": "active",
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ],
        "submissionMethodDetails": "To gain access to the documentation and submit your proposal for this opportunity, please register on Atamis, available on the following link: https://atamis-3929.my.site.com/s/Welcome and send an email to Procurement@nationalwealthfund.org.uk to be included and once the event is live, we will add you to the event to view the documentation. This will then be visible on the 'View our Live Opportunities' from the home page on Atamis. If you are not already registered on the system, you will need to do so before gaining full access to the documentation and being able to submit your response. The tender documents provided are as follows, with associated appendixes:- * Invitation to Tender * Appendix 1 - Glossary * Appendix 2 - Rules of Procurement * Appendix 3 - Specification * Appendix 4 - Contract * Appendix 5 - Tender Assessment Methodology * Appendix 6 - Procurement Specific Questionnaire * Appendix 7 - Technical Envelope Response, Award Questionnaire * Appendix 8 - Commercial Envelope Response, Pricing Template * Appendix 9 - Confidential & Commercially Sensitive Information * Appendix 10 - Form of Tender * Appendix 11 - Tender Response Checklist Please note that, as part of your response to Appendix 6: Procurement Specific Questionnaire, your organisation must be registered on the Central Digital Platform (CDP) and hold an active account containing complete, accurate, and up-to-date organisational information. You will be required to generate a Share Code for sharing with NWF and to download your supplier information file for onward submission to NWF. If you are unfamiliar with the CDP, please refer to the guidance here: https://www.gov.uk/government/publications/procurement-act-2023-short-guides/suppliers-how-to-register-your-organisation-and-first-administrator-on-find-a-tender-in-three-easy-steps-html#step-3-declare-and-share",
        "submissionTerms": {
            "electronicSubmissionPolicy": "allowed",
            "languages": [
                "en"
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        "tenderPeriod": {
            "endDate": "2026-06-30T12:00:00+01:00"
        },
        "enquiryPeriod": {
            "endDate": "2026-06-10T12:00:00+01:00"
        },
        "awardPeriod": {
            "endDate": "2026-08-12T23:59:59+01:00"
        },
        "documents": [
            {
                "id": "conflictOfInterest",
                "documentType": "conflictOfInterest"
            },
            {
                "id": "050762-2026",
                "documentType": "tenderNotice",
                "noticeType": "UK4",
                "description": "Tender notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/050762-2026",
                "datePublished": "2026-05-29T11:53:23+01:00",
                "format": "text/html"
            }
        ],
        "contractTerms": {
            "financialTerms": "Payment terms will be in accordance with the published procurement documents"
        },
        "riskDetails": "Potential risks affecting contract performance could include: conflicts of interest, capacity, IT and data security, financial health."
    },
    "language": "en"
}