CON-2526-002 Fund Admin Transition and Transformation Programme

{
  "awards": [
    {
      "aboveThreshold": true,
      "contractPeriod": {
        "endDate": "2025-12-31T23:59:59+00:00",
        "startDate": "2025-04-22T00:00:00+01:00"
      },
      "documents": [
        {
          "datePublished": "2025-04-08T10:58:01+01:00",
          "description": "Transparency notice on Find a Tender",
          "documentType": "awardNotice",
          "format": "text/html",
          "id": "013578-2025",
          "noticeType": "UK5",
          "url": "https://www.find-tender.service.gov.uk/Notice/013578-2025"
        }
      ],
      "id": "1",
      "items": [
        {
          "additionalClassifications": [
            {
              "description": "Pension fund administration services",
              "id": "66523100",
              "scheme": "CPV"
            }
          ],
          "id": "1",
          "relatedLot": "1"
        }
      ],
      "mainProcurementCategory": "services",
      "milestones": [
        {
          "dueDate": "2025-04-21T23:59:59+01:00",
          "id": "1",
          "status": "scheduled",
          "type": "futureSignatureDate"
        }
      ],
      "relatedLots": [
        "1"
      ],
      "status": "pending",
      "suppliers": [
        {
          "id": "GB-COH-04710715",
          "name": "ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED"
        }
      ],
      "title": "CON-2526-002 Fund Admin Transition and Transformation Programme",
      "value": {
        "amountGross": 716480.4,
        "currency": "GBP"
      }
    }
  ],
  "buyer": {
    "id": "GB-PPON-PQGC-5667-VDDT",
    "name": "Nest Corporation"
  },
  "date": "2025-04-08T10:58:01+01:00",
  "id": "013578-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-04fe92",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "E14 4PU",
        "region": "UKI42",
        "streetAddress": "10 South Colonnade"
      },
      "contactPoint": {
        "email": "procurement@nestcorporation.org.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - sub-central government",
            "id": "publicAuthoritySubCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PQGC-5667-VDDT",
      "identifier": {
        "id": "PQGC-5667-VDDT",
        "scheme": "GB-PPON"
      },
      "name": "Nest Corporation",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "EC2V 7BB",
        "region": "UKI31",
        "streetAddress": "60 Gresham Street"
      },
      "contactPoint": {
        "email": "enquiries@alphafmc.com"
      },
      "details": {
        "scale": "large",
        "vcse": false
      },
      "id": "GB-COH-04710715",
      "identifier": {
        "id": "04710715",
        "scheme": "GB-COH"
      },
      "name": "ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED",
      "roles": [
        "supplier"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "description": "We will be transitioning over \u00a350bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider\u2019s capabilities.",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      }
    ],
    "id": "ocds-h6vhtk-04fe92",
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "id": "1",
        "status": "complete",
        "suitability": {
          "sme": true
        }
      }
    ],
    "procurementMethod": "direct",
    "procurementMethodDetails": "Direct award",
    "procurementMethodRationale": "Alpha FMC have been integral in the design of the procurement exercise for the Fund Administrator, mapping out our target operating model for the transition to the new supplier and have developed close working relationships across Nest, NT, and State Street, and have managed and developed the transition program to the new supplier planned for November of this year. \nWe are at a critical juncture in the program, with transition of over \u00a350billion of assets from one supplier to another taking place in 6 months.  It would be extremely risky and impractical to procure a new supplier in the time left in the program, and would put at serious risk the transition timetable.",
    "procurementMethodRationaleClassifications": [
      {
        "id": "singleSuppliersTechnicalReasons"
      }
    ],
    "riskDetails": "There is a possibility that further unforeseen delays from other areas of the business could require this contract to be extended or increased both in terms of value and time.",
    "status": "complete",
    "title": "CON-2526-002 Fund Admin Transition and Transformation Programme"
  }
}