Official UK procurement notice
Provision of Investment Risk Platform Services
Authority: National Employment Savings Trust (NEST)
What is being bought
Published requirement descriptionThis tender requirement is for the Provision of Investment Risk Platform Services across a five year contract duration, to support Nest in monitoring and analysing risk profiles of their investments at both asset class and multi-asset portfolio level.
CPV: Investment management software development services
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
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 (3)
- Quality & Technical: 70%
- Commercial: 20%
- Social Value: 10%
Published award criteria (3)
- Quality & Technical: 70%
- Social Value: 10%
- Commercial: 20%
- 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 · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 13 Jan 2023, 20:09 GMT
- Last source update
- 30 Nov 2023, 10:53 GMT
- Award evaluation window
- 13 Feb 2023 – …
- Authority reference
TEN-2223-015- FTS notice number
2023/S 000-035311- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-039791Find a Tender
- Review procedure
Precise information on deadline(s) for review procedures:
The contracting authority will operate a minimum 10 calendar day standstill period at the point information on the award of the contract is communicated to tenderers to provide time for unsuccessful tenderers to challenge the award decision before the contract is entered into.
Unsuccessful tenderers shall be notified by the contracting authority as soon as possible after the decision is made as to the reasons why they were unsuccessful.
The Public Contracts Regulations 2015 provide that aggrieved parties who have been harmed, or are at risk of harm, by breach of the rules are to take action in the High Court (England, Wales and Northern Ireland)
Publisher note: To register on our e-tendering portal, go to https://nesttenders.bravosolution.co.uk/ Under the "Register or Login" heading, select "Click here to Register". The registration process takes less than 5 minutes. Once you have registered, you will be able to see the opportunity and download the documentation in the attachments area. If your company is already registered, once you have logged in to your account you will be able to see the opportunity and download this documentation in the attachments area.
How it was run
Official notice- Submission deadline
- 13 Feb 2023, 17:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 13 Feb 2023, 17:00 GMT
Timeline
13 Feb 2023 → 30 Nov 2023 · 3 dates- Submission deadline13 Feb 2023, 17:00 GMT
- Bids opened13 Feb 2023, 17:00 GMT
- Notice published30 Nov 2023, 10:53 GMT
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete30 Nov 2023, 10:53 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| BlackRock Financial Management, Inc | £1,750,000 † | — | Awarded |
Contracts
Provision of Investment Risk Platform Services · BlackRock Financial Management, Inc
- Signed
- 30 Sept 2023
- Value
- £1,750,000
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 7bids · 7 electronic | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtMediation body
- Nest CorporationReview body
Bidders & participating suppliers
1 commercial party on the notice- BlackRock Financial Management IncAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.