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C1212 - Project Romulus - Commercial Due Diligence

UK INFRASTRUCTURE BANK LIMITED

This public procurement record has 1 release in its history.

Award

10 Sep 2026 at 15:27

Award Notice
Summary of the contracting process

The National Wealth Fund Limited commissioned commercial due diligence for Project Romulus, supporting a transaction. The requirement was for detailed commercial due diligence and falls within business and management consultancy services. Work was to be delivered in the United Kingdom. The buyer is a national public-sector economic affairs organisation based in Leeds. The scope was arranged as a single requirement covering the full due diligence service, rather than separate work packages. This is relevant to firms providing transaction-focused commercial analysis, market assessment and business management consultancy, particularly those able to advise a public-sector investment organisation on the commercial aspects of a transaction. The selected supplier was Oliver Wyman, a large consultancy based in London.

The procurement is complete and resulted in an active award and active contract to Oliver Wyman. The contract was signed on 28 December 2025 for £300,000. The requirement was competed through a Dynamic Purchasing System using a limited award procedure without prior publication of a call for competition. Five bids were recorded, including one from an SME. Evaluation was weighted towards technical quality at 70%, with price contributing 30%. The procurement was covered by the Government Procurement Agreement. The contracting process refers to the provision of detailed commercial due diligence for Project Romulus. The award relates to the single due-diligence requirement, which is recorded as cancelled at lot level, while the award and contract remain active.

This award demonstrates demand from the National Wealth Fund for high-value, transaction-specific commercial due diligence delivered by an established consultancy. A credible competitor for a future requirement would need strong commercial consultancy capability, with evidence of analysing businesses, markets and transaction opportunities in depth. The evaluation weighting shows that technical quality was more important than price, so firms would need a convincing methodology, appropriately qualified specialists and relevant transaction experience rather than relying on a low-cost offer. The five recorded bids, including one SME, indicate that the requirement attracted competition beyond the largest firms. Suppliers should be able to deliver detailed advisory work for a national public-sector investment body and operate across the United Kingdom.

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Notice Information

Notice Title

C1212 - Project Romulus - Commercial Due Diligence

Notice Description

Commercial due diligence conducted in relation to a transaction

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06f722
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/086017-2026
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

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£300,000 £100K-£500K

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

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
1
Supplier Name

Oliver Wyman

Further Information

Open Contracting Data Standard (OCDS)

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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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