---
title: "Pay and Benefits Benchmarking review"
ocid: "ocds-h6vhtk-05a97a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05a97a"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05a97a.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05a97a.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "DEVELOPMENT BANK OF WALES"
published: "2026-03-19"
---

# Pay and Benefits Benchmarking review

Buyer: DEVELOPMENT BANK OF WALES  
Current stage: Award  
OCID: ocds-h6vhtk-05a97a

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05a97a)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-05a97a.json)

## Summary

The Development Bank of Wales has successfully awarded a contract for the "Pay and Benefits Benchmarking review" under an open procedure. This procurement process follows the Welsh devolved regulations and aims to ensure competitive and aligned remuneration practices. The contract has been awarded to Mercer Limited and is set to commence in February 2026, running initially for one year with options to extend potentially until February 2032. The procurement addressed business services and research and development services, covering a comprehensive review of pay and benefits structures within the UK sectors. The head office of the buying organisation is located in Cardiff, UK. The contract is currently in the 'Award' stage, having concluded with Mercer Limited securing the contract for an amount valued at £180,000 GBP.

This tender presents growth opportunities for businesses specialising in consultancy services, particularly in compensation and benefits analysis. Organisations with expertise in benchmarking against industry standards and those proficient in conducting job evaluations and providing strategic remuneration advice are well-suited to compete for similar tenders. For SMEs, this open procedure highlights the importance of proven experience in pay structure review, legal compliance, and strategic engagement. Such contracts could support business expansion within public sector consulting by leveraging value-added services aligned with market movements and organisational objectives in Wales and broader UK markets.

## Notice

The Development Bank of Wales has awarded a contract following a competitive procurement process in accordance with the Procurement Act 2023. The awarded contract covers the provision of services to support DBW in delivering Pay and Benefits Benchmarking review. The evaluation was undertaken against the published criteria, including quality, and price Following evaluation, the contract was awarded to Mercer as the most advantageous tender (MAT). The contract will commence in February 2026 and is expected to run until February 2027, with options to extend where specified in the procurement documents. If extensions are taken the contract will run until February 2032. Further details, including total contract value, procurement route, and key deliverables, are available in the published Contract Award Notice on Find a Tender.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/025464-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Mar 2026 |
| Submission deadline | 13 Nov 2025 |
| Future notice date | 8 Oct 2025 |
| Award date | 11 Dec 2025 |
| Contract period | 2 Feb 2026 - 1 Feb 2029 |
| Recurrence | 2031-10-08 |

## Values

| Field | Value |
| --- | --- |
| Tender value | £180,000 |
| Lots value | £180,000 |
| Awards value | £180,000 |
| Contracts value | £180,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEVELOPMENT BANK OF WALES |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4BZ |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Butetown |
| Westminster constituency | Cardiff South and Penarth |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MERCER |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 73000000 - Research and development services and related consultancy services
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security

## Release History

- 19 Mar 2026 at 17:10 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/025464-2026
- 15 Dec 2025 at 14:44 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/082966-2025
- 9 Oct 2025 at 12:53 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/063741-2025
- 7 Oct 2025 at 11:12 - Planning - UK3 - Planned Procurement Notice - https://www.find-tender.service.gov.uk/Notice/062838-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/025464-2026
  19th March 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/082966-2025
  15th December 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/063741-2025
  9th October 2025 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/062838-2025
  7th October 2025 - Planned procurement notice on Find a Tender
- http://etenderwales.bravosolution.co.uk
  ITT code on the etenderwales platform is itt_120515
- http://etenderwwales.bravosolution.co.uk
  All tender documentation can be located within the attachment section of project code project_60757 and ITT code itt_120515

## Notice URLs

- http://www.developmentbank.wales
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-05a97a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05a97a.json.