Investment Consultancy Service Framework

{
  "buyer": {
    "id": "GB-PPON-PQGC-5667-VDDT",
    "name": "National Employment Savings Trust (NEST) Corporation"
  },
  "date": "2025-07-02T07:46:30+01:00",
  "id": "036588-2025",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-052854",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "E14 4PU",
        "region": "UKI42",
        "streetAddress": "10 South Colonnade, Canary Wharf,"
      },
      "contactPoint": {
        "email": "Procurement@nestcorporation.org.uk"
      },
      "details": {
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            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE"
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      },
      "id": "GB-PPON-PQGC-5667-VDDT",
      "identifier": {
        "id": "PQGC-5667-VDDT",
        "scheme": "GB-PPON"
      },
      "name": "National Employment Savings Trust (NEST) Corporation",
      "roles": [
        "buyer"
      ]
    }
  ],
  "tag": [
    "tender"
  ],
  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2025-09-04T23:59:59+01:00"
    },
    "description": "Nest is on a path to becoming one of the largest pensions schemes in the UK and our growth trajectory means that the operating model for Nest Invest will need to evolve over the next ten years.\nIn order to support the continued strategic growth and development of the investment function Nest Invest will require ongoing specialist consultancy support for the development of the organisational model and development of the investment approach",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2025-07-02T07:46:30+01:00",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "036588-2025",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/036588-2025"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2025-07-11T12:00:00+01:00"
    },
    "id": "ten-2526-011",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Financial management consultancy services",
            "id": "79412000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKI"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      },
      {
        "additionalClassifications": [
          {
            "description": "Financial management consultancy services",
            "id": "79412000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKI"
          }
        ],
        "id": "2",
        "relatedLot": "2"
      },
      {
        "additionalClassifications": [
          {
            "description": "Financial management consultancy services",
            "id": "79412000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UKI"
          }
        ],
        "id": "3",
        "relatedLot": "3"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lotDetails": {
      "maximumLotsAwardedPerSupplier": 1,
      "maximumLotsBidPerSupplier": 1
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Price",
              "type": "price"
            },
            {
              "name": "quality",
              "type": "quality"
            }
          ],
          "weightingDescription": "85 %  for  Quality  and 15%  Price"
        },
        "contractPeriod": {
          "endDate": "2029-09-03T23:59:59+01:00",
          "startDate": "2025-09-04T00:00:00+01:00"
        },
        "description": "Strategic investment business, organisational strategy and governance advice with extensive proven experience of international investment best practice with large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) with assets under management of \u00a325 billion and above",
        "hasOptions": true,
        "id": "1",
        "options": {
          "description": "no options"
        },
        "status": "active",
        "suitability": {
          "sme": true
        },
        "title": "LOT 1 Strategic investment business, organisational strategy and governance advice",
        "value": {
          "amount": 3500000,
          "amountGross": 4200000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Price",
              "type": "price"
            },
            {
              "name": "quality",
              "type": "quality"
            }
          ],
          "weightingDescription": "85 %  for  Quality  and 15%  Price"
        },
        "contractPeriod": {
          "endDate": "2029-09-03T23:59:59+01:00",
          "startDate": "2025-09-04T00:00:00+01:00"
        },
        "description": "Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed to large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) (or similar) with assets under management of \u00a325 billion and above. 35",
        "hasOptions": true,
        "id": "2",
        "options": {
          "description": "no options"
        },
        "status": "active",
        "suitability": {
          "sme": true
        },
        "title": "LOT 2 Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed",
        "value": {
          "amount": 3500000,
          "amountGross": 4200000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Price",
              "type": "price"
            },
            {
              "name": "quality",
              "type": "quality"
            }
          ],
          "weightingDescription": "85 %  for  Quality  and 15%  Price"
        },
        "contractPeriod": {
          "endDate": "2029-09-03T23:59:59+01:00",
          "startDate": "2025-09-04T00:00:00+01:00"
        },
        "description": "Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS) with assets under management of \u00a325 billion and above",
        "hasOptions": true,
        "id": "3",
        "options": {
          "description": "no options"
        },
        "status": "active",
        "suitability": {
          "sme": true
        },
        "title": "Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS",
        "value": {
          "amount": 3000000,
          "amountGross": 3600000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "riskDetails": "Nest  Invest is continuing to grow and  its need for consultancy  services  in this area are unknown, there is a possibility that the consultancy requirements could exceed current levels estimated.",
    "status": "active",
    "submissionMethodDetails": "tenders must be submitted  via the Nest  e tendering site https://nesttenders.bravosolution.co.uk. if you are not already registered on the site  you will need to register first  ,",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "techniques": {
      "frameworkAgreement": {
        "description": "rate card",
        "maximumParticipants": 8,
        "method": "withAndWithoutReopeningCompetition",
        "type": "closed"
      },
      "hasFrameworkAgreement": true
    },
    "tenderPeriod": {
      "endDate": "2025-07-28T12:00:00+01:00"
    },
    "title": "Investment Consultancy Service Framework",
    "value": {
      "amount": 10000000,
      "amountGross": 12000000,
      "currency": "GBP"
    }
  }
}