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TEN-2526-011 - Lot 2 - Call off no 9

Nest Corporation

This public procurement record has 1 release in its history.

Award

09 Oct 2026 at 16:55

UK6 - Contract Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation procured financial consultancy services for Lot 2, call-off 9, to support its Transformation Programme. The work builds on the programme’s earlier phases: embedding and finalising the Target Operating Model in Phase 4a, then continuing implementation and handover in Phase 4b. The programme was approaching its conclusion and planned to wind down at the end of 2026. Delivery is in the United Kingdom; the buyer is based in London. The requirement formed part of NEST’s work to complete its transformation programme, rather than a general financial advisory assignment.

The procurement is complete and the contract was awarded to Alpha Financial Markets Consulting UK Limited. The award was made on 5 October 2026 for £262,000 excluding VAT (£314,400 including VAT). The contract period runs from 14 October to 18 December 2026. NEST used a selective procedure to make a call-off under a framework agreement; the call-off was not competitive. The procurement comprised one lot, covering the financial consultancy services for the transformation programme. The award information identifies the successful supplier and the service category, but gives no further detail of the evaluation criteria or eligibility requirements.

This award shows that NEST uses framework call-offs for specialist financial consultancy supporting transformation delivery, including operating-model implementation, handover and programme close-down. Suppliers seeking comparable future work should be able to demonstrate financial consultancy expertise alongside practical experience turning a target operating model into operational arrangements and supporting implementation through to handover. Credibility is likely to depend on the ability to work within a defined transformation programme and deliver focused support during its concluding phase. The selected supplier was a large consultancy, indicating that substantial consulting capacity may be relevant, although the award does not state a formal size threshold or required accreditation. Relevant firms should consider whether they can access an appropriate framework route and bring delivery experience closely aligned to NEST’s transformation needs.

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Notice Information

Notice Title

TEN-2526-011 - Lot 2 - Call off no 9

Notice Description

Building on the work completed to date, including the embedding and finalisation of the Target Operating Model ('TOM') in Phase 4a and the continued implementation and handover activity delivered in Phase 4b, the Transformation Programme is now approaching its conclusion and will wind down by the end of 2026 (Friday 18th December). Nest

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-078525
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/095833-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£262,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
5 Oct 20262 weeks ago
Contract Period
14 Oct 2026 - 18 Dec 2026 1-6 months
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
Nest Corporation
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Alpha Financial Markets Consulting

Further Information

Notice Documents

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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