Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Long Term Management Due Diligence

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 3 releases in its history.

Award

09 Sep 2026 at 15:49

UK6 - Contract Award Notice
Tender

29 May 2026 at 11:53

UK4 - Tender Notice
Planning

30 Mar 2026 at 14:46

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

National Wealth Fund Limited has established arrangements for management due diligence supporting equity investment opportunities under consideration across the United Kingdom. The services are called off through individual Statements of Work and produce draft and final management due diligence reports on founders, co-founders, executive directors, senior leadership teams, functional leads and other key individuals. Core work covers management capability assessment, referencing and evidence gathering. Optional services cover integrity and background checks; compensation and incentives reviews; enhanced team effectiveness and psychometric assessment; and assessment of regulatory, government and stakeholder engagement. This is a business and management consultancy service, classified under CPV 79410000. The arrangements are intended to provide the buyer’s default route for this requirement.

The procurement is complete and two suppliers were selected through an open procedure. Kroll Associates UK Limited received the primary contract, awarded on 4 September 2026, at £950,000 excluding VAT (£1,140,000 including VAT), for 28 September 2026 to 27 September 2030. Topikimoro Ltd trading as Firefly Partners received the secondary contract on the same date, at £550,000 excluding VAT (£660,000 including VAT), for the same period. Ten bids reached the final stage, including eight from SMEs. The single lot was evaluated on price per quality point, combining commercial pricing with technical quality. Technical scoring covered understanding and methodology, relevant experience, team structure and resourcing, flexibility and time-critical delivery, and social value. Suppliers could also qualify for optional service lines on a pass/fail basis.

This award demonstrates a substantial, recurring requirement for specialist management due diligence supporting public-sector equity investment. A credible future competitor would need to deliver the core capability assessment and structured referencing and evidence gathering across senior management and key individuals. Strong case studies showing successful delivery of comparable due diligence, a clear resourcing model and the ability to respond quickly to time-critical investment decisions would be important. The buyer also values practical understanding of its requirements, flexibility, and social value. Additional capability in integrity and background checks, executive compensation and incentives, psychometric or team-effectiveness assessment, and regulatory, government and stakeholder engagement would broaden the services a supplier could provide. Both large firms and SMEs demonstrated relevance in this procurement.

How relevant is this notice?

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 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.

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/085499-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
9 Sep 20263 weeks ago
Submission Deadline
30 Jun 2026Expired
Future Notice Date
24 Apr 2026Expired
Award Date
4 Sep 20261 months ago
Contract Period
28 Sep 2026 - 27 Sep 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UK INFRASTRUCTURE BANK 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
Postcode Area
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

Supplier Information

Number of Suppliers
2
Supplier Names

KROLL ASSOCIATES U.K. LIMITED

Topikimoro Ltd

Further Information

Notice Documents

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.

Loading OCDS record...