Official UK procurement notice
Permanent Recruitment Services for Investment Banking roles
Authority: National Wealth Fund Limited (Public body)
What is being bought
Published requirement descriptionAward of 3 call off contracts for permanent recruitment services for the National Wealth Funds Investment banking roles as required.
Each contract has an initial 3 year period, with an optional 12 month extension, with a maximum value of £840,000 inclusive of VAT.
CPV: Recruitment services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£2,100,000
- Economic & financial standing
Suppliers (or their guarantors) must hold a Dun & Bradstreet financial risk score of at least 51. Suppliers must have, or commit to obtaining prior to award, the levels of insurance cover indicated below: a. Employer’s (Compulsory) Liability Insurance* = £5,000,000 b. Public Liability Insurance = £5,000,000 c. Professional Indemnity Insurance = £1,000,000 Suppliers must have in place, or commit to having in place by the award of the contract, the human and technical resources to perform the contract to ensure compliance with the UK General Data Protection Regulation and to ensure the protection of the rights of data subjects.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (7)
- Geographical Knowledge of Recruitment and Proximity: 22.5%
- Search expertise & experience: 22.5%
- Equality, Diversity and Inclusion: 20%
- Contract Management: 5%
- Commercia: 20%
- Social Value - 1: 5%
- Social Value - 2: 5%
Published award criteria (7)
- Commercia
- Geographical Knowledge of Recruitment and Proximity
- Search expertise & experience
- Equality, Diversity and Inclusion
- Contract Management
- Social Value - 1
- Social Value - 2
- Economic & financial standing
Suppliers (or their guarantors) must hold a Dun & Bradstreet financial risk score of at least 51. Suppliers must have, or commit to obtaining prior to award, the levels of insurance cover indicated below: a. Employer’s (Compulsory) Liability Insurance* = £5,000,000 b. Public Liability Insurance = £5,000,000 c. Professional Indemnity Insurance = £1,000,000 Suppliers must have in place, or commit to having in place by the award of the contract, the human and technical resources to perform the contract to ensure compliance with the UK General Data Protection Regulation and to ensure the protection of the rights of data subjects.
- Price carries 20 of 100 points: a 10% discount moves about 2 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 8 Aug 2025, 13:56 BST
- Last source update
- 12 Jan 2026, 09:32 GMT
- Award evaluation window
- Submission end – 22 Dec 2025
- Authority reference
C1123- FTS notice number
2025/S 000-061194- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-058433Find a Tender- Contract terms summary
All Invoices must be submitted to the NWFs Accounts Payable team and contain a valid PO number. All undisputed invoices will be paid within 30 days.
How it was run
Official notice- Submission deadline
- 31 Oct 2025, 12:00 GMT
- Clarification deadline
- 15 Oct 2025, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
Timeline
8 Aug 2025 → 12 Jan 2026 · 11 dates- Planning notice published8 Aug 2025, 13:56 BST
- Market engagement21 Aug 2025, 23:59 BST
The NWF is looking to host a Presentation to potential suppliers on the NWF and its requirement will take place on Tuesday 26th August, 14:00-15:00. This will be undertaken virtually through Microsoft Teams. Suppliers are limited to 2 attendees each. Please email [email protected] with the name and email addresses of those you wish to attend in order to register. The NWF's is also sharing its draft requirements and the proposed contract with a request for information to potential suppliers in order to feed back on these ahead of going to market. These can be accessed through the link below and searching for the opportunity P0779 - Permanent Recruitment Service - Investment Banking Pre Market Engagement. atamis-3929.my.site.com/s/Welcome ↗
- Tender notice published381 days ago1 Oct 2025, 10:35 BST
- Next notice expected380 days ago1 Oct 2025, 23:59 BST
- Clarification questions by367 days ago15 Oct 2025, 12:00 BST
- Submission deadline351 days ago31 Oct 2025, 12:00 GMT
- Assessment summaries sent312 days ago9 Dec 2025
- Standstill ends301 days ago19 Dec 2025, 23:59 GMT
- Award decision expected by298 days ago22 Dec 2025, 23:59 GMT
- Contract starts278 days ago12 Jan 2026
- Latest notice published278 days ago12 Jan 2026, 09:32 GMT
Notice history
11 events · 7 releases on Find a Tender · since 8 Aug 2025- Preliminary market engagement notice published8 Aug 2025, 13:56 BSTUK2
- Preliminary market engagement notice published12 Aug 2025, 08:08 BSTUK2
- Preliminary market engagement notice published13 Aug 2025, 15:14 BSTUK2
- Tender notice published1 Oct 2025, 10:35 BSTUK4
- Status changed to active1 Oct 2025, 10:35 BST
- Procurement method changed1 Oct 2025, 10:35 BST
- Deadline published: 31 Oct 2025, 12:00 GMT1 Oct 2025, 10:35 BST
- Contract award notice published10 Dec 2025, 09:20 GMTUK6
- Status changed to complete10 Dec 2025, 09:20 GMT
- Contract signature expected5 Jan 2026, 23:59 GMTscheduled
- Contract details notice published12 Jan 2026, 09:32 GMTUK7
Published amendments (3)
Notifying Market of issue registering on Atamis and how to register for Pre Market demonstration whilst this is resolved.
Notifying Market of issue registering on Atamis and how to register for Pre Market demonstration whilst this is resolved.
Issue affecting Atamis registration resolved.
Routine re-releases (7)
- 2025-08: 4 releases · 8 Aug 2025, 13 Aug 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Pearse Partners LtdSME12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030Extensions: Each contract will have an optional 12 month extension | £700,000 | 25 Nov 2025standstill to 19 Dec 2025 | Standstill |
| SATIGO LtdSME12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030Extensions: Each contract will have an optional 12 month extension | £700,000 | 25 Nov 2025standstill to 19 Dec 2025 | Standstill |
| Professional Services Resourcing LimitedSME12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030Extensions: Each contract will have an optional 12 month extension | £700,000 | 25 Nov 2025 | Awarded |
| SATIGO LtdSME | — | — | Awarded |
| Pearse Partners LtdSME | — | — | Awarded |
Contracts
C1215 - Permanent Recruitment Services for Investment Banking roles · Pearse Partners LtdSME
- Signed
- 9 Jan 2026
- Value
- £700,000
- Period
- 12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030 with extensions
- Status
- active
- Extensions
- 12 month optional extension
C1211 - Permanent Recruitment Services for Investment Banking roles · Professional Services Resourcing LimitedSME
- Signed
- 23 Dec 2025
- Value
- £700,000
- Period
- 12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030 with extensions
- Status
- active
- Extensions
- 12 month optional extension
C1210 - Permanent Recruitment Services for Investment Banking roles · SATIGO LtdSME
- Signed
- 23 Dec 2025
- Value
- £700,000
- Period
- 12 Jan 2026 – 11 Jan 2029 · up to 11 Jan 2030 with extensions
- Status
- active
- Extensions
- optional 12 month extension
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 11final-stage tenders | 11 | 0 | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice- Pearse Partners LtdAwarded supplier
- Professional Services Resourcing LimitedAwarded supplier
- Satigo LtdAwarded supplier
Official documents & specifications (11)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender
Show 3 more notices
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender