Planning

Long Term Management Due Diligence

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Planning

30 Mar 2026 at 13:46

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The procurement process, currently in the planning stage, is initiated by the National Wealth Fund Limited, a central government public authority based in Leeds, United Kingdom. This process involves the tender for "Long Term Management Due Diligence" under the industry category of business and management consultancy services. Interested parties are invited to submit expressions of interest and feedback by 14th April 2026, with the future notice for the tender expected on 24th April 2026. The tender will establish overarching contractual arrangements anticipated to commence on 30th June 2026 and continue until 29th June 2030, reflecting a gross value amounting to £1,800,000.

This tender presents significant opportunities for businesses focusing on consultancy services, particularly those specialising in management due diligence, psychometric assessments, or regulatory and compliance expertise. Small and medium-sized enterprises are deemed suitable to compete, offering opportunities to engage in detailed assessments concerning senior teams of target companies. Entrepreneurs and consultancy firms with capabilities in management capability assessments, referencing, integrity checks, and stakeholder engagements would be ideal contenders. The tender fosters growth potential by streamlining service commissioning, making it an attractive proposition for businesses looking to expand their footprint in the management consultancy domain within the UK.

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Notice Information

Notice Title

Long Term Management Due Diligence

Notice 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. 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 By way of a high-level illustrative example, the typical scope of services may include, but is not limited to, the following elements: - Management Capability Assessment: A comprehensive assessment of the capability, effectiveness, and overall suitability of the target company's management team. - Referencing and Evidence Gathering: 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: Where relevant to the target company, the completion of integrity and background checks. - Compensation and Incentives Review: 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: 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: 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. Please note that some elements are likely to be optional specialisms at an overarching contract level, we would welcome market feedback on this. Full details of the scope of work and associated requirements will be set out in the future Invitation to Tender documentation.

Planning Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0677f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029169-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20264 days ago
Submission Deadline
Not specified
Future Notice Date
24 Apr 20263 weeks to go
Award Date
Not specified
Contract Period
29 Jun 2026 - 29 Jun 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

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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