---
title: "Korn Ferry support 2024-25 - audit and assurance of the LTIP, STIP and PCH bonus"
ocid: "ocds-h6vhtk-044f42"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044f42"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-044f42.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-044f42.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NUCLEAR RESTORATION SERVICES LIMITED"
published: "2024-04-03"
---

# Korn Ferry support 2024-25 - audit and assurance of the LTIP, STIP and PCH bonus

Buyer: NUCLEAR RESTORATION SERVICES LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-044f42

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## Summary

The Nuclear Restoration Services Limited has awarded a contract to Korn Ferry (UK) Ltd for the provision of audit and assurance services for their incentive schemes. The procurement process, initiated as a tender, was completed through a limited procurement method without prior publication of a call for competition. The services fall under the main procurement category of 'services' and the industry classification is 'Feasibility study, advisory service, analysis'. The contract was signed on 3rd April 2024.

This tender presents business growth opportunities for firms specializing in audit and assurance services, particularly with expertise in incentive scheme assessments. Companies with a strong background in conducting feasibility studies and providing advisory services are well-suited to compete. The contract aims to independently audit and assure the outcomes of incentive schemes within NRS Sites and NRS Dounreay, creating a platform for firms to showcase their capabilities in this specific field of service provision.

## Notice

An independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay.

### Lot Information

Lot 1

Carry out an independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay. It includes an audit and assurance of the LTIP, STIP and PCH bonus and incentive targets and the final outcomes including reviewing the evidence files associated with the achievement of the targets and the final payment against those targets. 

Work to be completed is: - 

- Review of initial findings, context and discussions with HR / Rem Co process and outcomes 
- Review of evidence - measure by measure (with follow ups for clarification) 
- Interim draft / reviews with Chief People Officer on status and gaps 
- Production of paper for Rem Co with recommendations on bonus out-turn 
- Presentation at Rem Co and completion of work by end of June

### Procurement Information

Korn Ferry have provided this independent assurance and audit previously so REMCO are satisfied that the details will be at the appropriate level which will give them confidence to make a decision. Korn Ferry have a detailed knowledge of our incentive scheme arrangements and therefore will reduce the time and cost by using them as there is not a requirement to spend time bringing them up to speed. They have the skill in this area and have worked with the NDA on a number of wider projects. NDA Reward team are looking at the arrangements going forward, and this may result in a change of approach.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/010759-2024 |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Apr 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 2 Apr 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NUCLEAR RESTORATION SERVICES LIMITED |
| Locality | WARRINGTON |
| Post town | Warrington |
| Postcode | WA3 6GR |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD6 Cheshire |
| ITL 3 | TLD61 Warrington |
| Local authority | Warrington |
| Electoral ward | Birchwood |
| Westminster constituency | Warrington North |
| Delivery location | TLK1 Gloucestershire, Wiltshire and Bristol/Bath area |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KORN FERRY (UK |

## CPV Codes

### Divisions

- 71 - Architectural, construction, engineering and inspection services

### Codes

- 71241000 - Feasibility study, advisory service, analysis

## Release History

- 3 Apr 2024 at 12:35 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/010759-2024

## Notice URLs

- http://www.kornferry.com
- https://www.gov.uk/government/organisations/nuclear-restoration-services

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044f42. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-044f42.json.