---
title: "C1329 - Climate Physical Risk Assessment Services"
ocid: "ocds-h6vhtk-066b64"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-066b64"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-066b64.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-066b64.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NATIONAL WEALTH FUND LIMITED"
published: "2026-06-01"
---

# C1329 - Climate Physical Risk Assessment Services

Buyer: NATIONAL WEALTH FUND LIMITED  
Current stage: Tender  
OCID: ocds-h6vhtk-066b64

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-066b64)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-066b64.json)

## Summary

The National Wealth Fund Limited, a central government public authority based in Leeds, is inviting tenders for the provision of Climate Physical Risk Assessment Services. This tender process is currently in the planning stage, and it focuses on identifying a supplier to implement a digital tool for assessing both acute and chronic physical climate risks across their investment portfolio. The procurement, valued at £120,000 (gross), is open for submissions until noon on Friday, 12th June 2026, and is part of an open competition process. The services sought fall under IT and environmental services, encompassing risk assessment and environmental management, with requirements for the selected supplier to provide comprehensive onboarding, configuration, and knowledge transfer. The initiative aims to strengthen the National Wealth Fund's risk management capabilities while embedding climate considerations into investment processes.

This tender presents significant opportunities for businesses specialising in IT consulting, software development, environmental services, and risk assessment, particularly those capable of integrating digital solutions to support strategic planning and investment decision-making. Small and medium enterprises (SMEs) are encouraged to apply, as the procurement exercise is suited for suppliers that can deliver robust, auditable methodologies with high-quality outputs aligned with public sector governance. Businesses that offer innovative risk assessment tools and those with a strong track record in securing and managing data are well-positioned to benefit from this opportunity to contribute to sustainability and economic growth objectives outlined by the National Wealth Fund.

## Notice

The National Wealth Fund (NWF) is seeking to appoint a supplier to provide climate physical risk assessment services, including a digital tool/platform and associated implementation, support and knowledge transfer. The service will enable NWF to identify, assess, quantify and interpret physical climate risks (both acute and chronic) across its investment portfolio at asset, transaction and portfolio level. The solution must support end-to-end workflow capability, including data ingestion, risk modelling, visualisation, portfolio aggregation and translation of climate risks into financial and credit impacts. Suppliers must provide a robust, transparent and auditable methodology, with clear documentation of underlying data sources, assumptions and limitations. Outputs must be suitable for investment decision-making, portfolio monitoring and reporting, including provision of technical and financial risk metrics, mapping and scenario-based analysis. The scope includes onboarding, configuration, user support and training, alongside comprehensive knowledge transfer to ensure NWF can independently operate and interpret the solution. The Supplier is expected to deliver high-quality outputs aligned to public sector governance, auditability and data security requirements. The Contract will support NWF in embedding climate risk considerations into investment processes, strengthening risk management capability and supporting its strategic objective to address climate change and deliver sustainable economic growth. Further detail is included in the procurement documents made available by NWF in respect of this tender notice. HOW TO RESPOND Tenderers are invited to submit a complete Tender response via the Atamis e-Sourcing portal, https://atamis-3929.my.site.com/s/Welcome, by 12:00 noon on Friday 12th June 2026, in accordance with the instructions set out in this ITT. Late or incomplete submissions may be rejected. Tenderers should carefully review all tender documents, including the Specification, Contract and Pricing Template, to ensure their submission is fully compliant and capable of delivering the required services. The tender documents provided are as follows: * Invitation to Tender * Appendix 1 - Glossary * Appendix 2 - Rules of the Procurement * Appendix 3 - Specification * Appendix 4 - Contract * Appendix 5 - Tender Assessment Methodology * Appendix 6 - Qualification Questionnaire * Appendix 7 - Technical Questionnaire * Appendix 8 - Pricing Template * Appendix 9 - Confidential and Commercially Sensitive Information * Appendix 10 - Form of Tender * Appendix 11 - Tender Response Checklist * Appendix 12 - Compliance Matrix Responses must be structured across the following three envelopes: 1. Qualification Envelope: Completion of the Qualification Questionnaire (including pass/fail questions) and Compliance Matrix; 2. Technical Envelope: Responses to the Technical Questionnaire, clearly demonstrating how the proposed solution meets the Specification; 3. Commercial Envelope: Completion of the Pricing Template, including a clear breakdown of costs and all relevant assumptions. 4. At NWF's discretion, should a second stage be needed, this may be conducted with the three highest-scoring Tenderers, who may be invited to a demonstration to present their solution. Tenderers will have 60 minutes, inclusive of introductions and questions, to demonstrate their solution/tool/platform via Microsoft Teams. QUESTIONS All communications, including clarification questions, must be submitted via the Atamis portal by 12 noon on Friday 5th June 2026.

### Lot Information

Lot 1

Renewal: The contract shall be awarded for an initial term of one (1) year, with an option to extend for a further of one (1) year, at NWF's discretion.

### Planning Information

The National Wealth Fund (“NWF”), successor to the UK Infrastructure Bank, has been established to drive the nation's growth by creating a stable investment environment and mobilising private capital to align with the UK Government's strategic priorities. As NWF we will support a wider range of sectors beyond infrastructure, aligning with the Government's industrial strategy. NWF have a total capital of £27.8 billion, with at least £5.8 billion dedicated to green hydrogen, carbon capture, ports, gigafactories, and green steel. This aligns with the principle of achieving policy objectives via sound banking.
Our private sector function will provide corporate and project finance and invest across the capital structure, including senior debt, mezzanine, guarantees and equity. Our local authority function will lend to local authorities at a preferential rate for high value and strategic projects of at least £5 million.
NWF is undertaking a Request for Information (RFI) to engage with the market ahead of a potential future procurement for climate risk analysis services. 
The purpose of this RFI is to improve NWF’s understanding of available solutions, tools, delivery models and indicative costs for climate scenario modelling and asset‑level physical risk assessment.
The scope of interest includes top‑down climate scenario analysis (covering transition and physical risks) and bottom‑up, location‑specific physical risk assessment methodologies, as well as how these approaches can be integrated to inform strategic planning, investment decision‑making and portfolio risk management. Responses will help NWF assess market capability, data availability, methodological transparency, and potential sourcing options (including single‑supplier, multi‑supplier or hybrid delivery models).
This RFI forms part of a pre‑market engagement exercise only. It does not constitute a commitment to procure, nor will responses be evaluated or scored. Participation (or non‑participation) will not affect any supplier’s position in any future procurement. This information will support NWF in understanding current market offerings, identifying innovative and efficient approaches, and informing development of a potential future procurement strategy. Interested suppliers should note that the procurement strategy and timetable have not been finalised at this stage. Any estimated contract dates and contract value published as part of this Notice are purely for publishing purposes. NWF takes a framework first approach. Depending on the outcomes of the RFI, the competition may be run through either a DPS or a CCS framework.
How to respond
Interested suppliers are invited to submit a written response addressing the questions set out in Schedule 2 of the RFI document. 
Responses must be submitted via the eSourcing Portal (Atamis) by 12:00 noon on Monday 6 April 2026. 
Clarification questions should be submitted by 12:00 noon on Friday 27 March 2026, with responses issued via a clarifications log.
To access, please register on Atamis, available on the following link:  https://atamis-3929.my.site.com/s/Welcome
https://atamis-3929.my.salesforce-sites.com/ProSpend__CS_ContractPage?SearchType=Projects&uid=a07Q500001PNAzqIAH&searchStr=&sortStr=Recently+Published&page=2&filters=&County=
Atamis guidance
To access user guidance that shows how to access opportunities, create and submit bids and to send clarification requests through the message centre, please click here: 
https://suppliersupport.atamis.co.uk/hc/en-gb
and
https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/051242-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Below threshold - open competition |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Planning, Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Jun 2026 |
| Submission deadline | 12 Jun 2026 |
| Future notice date | 30 Apr 2026 |
| Award date | Not specified |
| Contract period | 28 Jun 2026 - 28 Jun 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £100,000 |
| Lots value | £100,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL WEALTH FUND LIMITED |
| Locality | LEEDS |
| Post town | Leeds |
| Postcode | LS1 4HR |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE4 West Yorkshire |
| ITL 3 | TLE42 Leeds |
| Local authority | Leeds |
| Electoral ward | Hunslet & Riverside |
| Westminster constituency | Leeds South |
| Delivery location | TLE42 Leeds |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support
- 90 - Sewage, refuse, cleaning and environmental services

### Codes

- 72000000 - IT services: consulting, software development, Internet and support
- 90700000 - Environmental services
- 90710000 - Environmental management
- 90711100 - Risk or hazard assessment other than for construction

## Release History

- 1 Jun 2026 at 09:33 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/051242-2026
- 26 May 2026 at 18:43 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/049276-2026
- 26 May 2026 at 18:24 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/049274-2026
- 17 Mar 2026 at 09:11 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/023815-2026
- 16 Mar 2026 at 16:08 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/023695-2026
- 16 Mar 2026 at 15:57 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/023679-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/051242-2026
  1st June 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/049276-2026
  26th May 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/049274-2026
  26th May 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/023815-2026
  17th March 2026 - Preliminary market engagement notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/023695-2026
  16th March 2026 - Preliminary market engagement notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/023679-2026
  16th March 2026 - Preliminary market engagement notice on Find a Tender

## Notice URLs

- https://atamis-3929.my.salesforce-sites.com/ProSpend__CS_ContractPage?SearchType=Projects&uid=a07Q500001PNAzqIAH&searchStr=&sortStr=Recently+Published&page=2&filters=&County=
- https://atamis-3929.my.site.com/s/Welcome
- https://services.atamis.co.uk/docs/Supplier_User_Guide.pdf
- https://suppliersupport.atamis.co.uk/hc/en-gb
- https://www.gov.uk/government/publications/procurement-act-2023-short-guides/suppliers-how-to-register-your-organisation-and-first-administrator-on-find-a-tender-in-three-easy-steps-html#what-is-the-central-digital-platform
- 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-066b64. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-066b64.json.