Official UK procurement notice
Korn Ferry support 2024-25 - audit and assurance of the LTIP, STIP and PCH bonus
Authority: Nuclear Restoration Services Limited (Public body)
What is being bought
Published requirement descriptionAn independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay.
CPV: Feasibility study, advisory service, analysis
The lotProcurement structure
single lot · no lot value publishedLot #1Carry out an independent audit and assurance of the outcomes of our incentive schemes…Awarded
Carry out an independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay. It includes an audit and assurance of the LTIP, STIP and PCH bonus and incentive targets and the final outcomes including reviewing the evidence files associated with the achievement of the targets and the final payment against those targets. <br/><br/>Work to be completed is: - <br/><br/>- Review of initial findings, context and discussions with HR / Rem Co process and outcomes <br/>- Review of evidence - measure by measure (with follow ups for clarification) <br/>- Interim draft / reviews with Chief People Officer on status and gaps <br/>- Production of paper for Rem Co with recommendations on bonus out-turn <br/>- Presentation at Rem Co and completion of work by end of June
Procedure terms & legal framework
From the official record- Procedure method
- Award procedure without prior publication of a call for competition
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 3 Apr 2024, 13:35 BST
- Last source update
- 3 Apr 2024, 13:35 BST
- FTS notice number
2024/S 000-010759- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-044f42Find a Tender
- Why no open competition
- The procurement falls outside the scope of application of the directive
- Published justification
Korn Ferry have provided this independent assurance and audit previously so REMCO are satisfied that the details will be at the appropriate level which will give them confidence to make a decision. Korn Ferry have a detailed knowledge of our incentive scheme arrangements and therefore will reduce the time and cost by using them as there is not a requirement to spend time bringing them up to speed. They have the skill in this area and have worked with the NDA on a number of wider projects. NDA Reward team are looking at the arrangements going forward, and this may result in a change of approach.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Korn Ferry (UK) Limited | — | — | Awarded |
Contracts
Contract 010759-2024-1 · Korn Ferry (UK) Limited
- Signed
- 3 Apr 2024
- Value
- —
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 1bids | — | — | £47,280 – £47,280 |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Korn Ferry (UK) LtdAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.