---
title: "C1212 - Project Romulus - Commercial Due Diligence"
ocid: "ocds-h6vhtk-06f722"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06f722"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f722.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f722.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UK INFRASTRUCTURE BANK LIMITED"
published: "2026-09-10"
---

# C1212 - Project Romulus - Commercial Due Diligence

Buyer: UK INFRASTRUCTURE BANK LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06f722

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/086017-2026 |
| 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 | 10 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £300,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK INFRASTRUCTURE BANK LIMITED |
| Locality | LEEDS |
| Postcode area | 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Oliver Wyman |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 10 Sep 2026 at 15:27 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/086017-2026

## Notice URLs

- https://www.contractsfinder.service.gov.uk/Notice/82fda2ff-5286-460b-9b94-c9fe980a6400
- https://www.find-tender.service.gov.uk/Notice/006418-2025
- https://www.nationalwealthfund.org.uk/

## 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-06f722. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06f722.json.