This public procurement record has 1 release in its history.

Award

10 Sep 2026 at 15:26

Summary of the contracting process

National Wealth Fund Limited commissioned commercial and technical due diligence for a transaction under its Project Supercharge requirement. The work falls within business and management consultancy services and covers assessment of both the commercial position and the technical aspects of the transaction. Delivery was across the UK. The requirement was arranged as a further competition under a Dynamic Purchasing System, indicating a specialist advisory assignment procured from suppliers already participating in that system. The buying organisation is based in Leeds and operates as a national public authority concerned with economic affairs. The selected provider was DNV Services UK Limited, a large consultancy headquartered in London. The requirement is relevant to firms that combine transaction-focused commercial assessment with technical due diligence capability.

The procurement has reached completion and an award was made to DNV Services UK Limited for lot 1. The award is recorded as active, and the contract was signed on 26 January 2026. The lot itself is recorded as cancelled, so the procurement outcome should be read alongside that status. The process used a limited procedure described as an award without prior publication of a call for competition, conducted as a further competition under a Dynamic Purchasing System. Four bids were received, including one from an SME. Quality carried 70% of the evaluation weighting and price 30%. Valid bid values ranged from £1 to £186,220. An extension of up to three months was permitted.

This award provides a clear benchmark for firms targeting National Wealth Fund Limited’s transaction due diligence requirements. A credible competitor would need to assess commercial viability and technical matters together, rather than offer only general management advice or a narrow technical review. The evaluation placed substantially greater weight on quality than price, so evidence of robust methodology, relevant transaction experience and technically credible findings would be important. Suppliers should be able to bring suitably experienced commercial and technical specialists, coordinate their work across a transaction and present clear, decision-ready conclusions to a public-sector investment organisation. The presence of an SME bidder also indicates that specialist smaller firms can participate, particularly where they can demonstrate the required expertise and delivery capacity.

How relevant is this notice?

Notice Title

C1154 - Project Supercharge - Commercial and Technical Due Diligence

Notice Description

Commercial and technical due diligence in relation to a transaction

Lot Information

Lot 1

Commercial and technical due diligence in relation to a transaction. This procurement was conducted as a further competition under a DPS.

Options: Extension of up to 3 months permitted

Procurement Information

This contract was competed under a Dynamic Purchasing System which was tendered under PCR15: https://www.find-tender.service.gov.uk/Notice/006418-2025 We are unable to link the notice (2025/S 000-006418) and select Restricted Procedure here since the FTS website will not allow us to link to the notice, however, this has followed the correct procedure.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06f71f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/086014-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
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

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

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
1
Supplier Name

DNV SERVICES UK LIMITED

Open Contracting Data Standard (OCDS)

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