Find a TenderAwardedContract details notice

Published 15 Oct 2025, 15:23 BST

Official UK procurement notice

Proxy voting · UK public procurement notice

Official notice

Authority: National Employment Savings Trust (NEST) Corporation (Central government)

ServicesCompetitive flexible procedureAbove thresholdSME suitable

Sectors: Financial and insurance services (66) Delivery: UKLondon (UKI)

Published estimate£240,000≈ £80k / year · £288,000 inc. VAT3% below published estimate

Submissions closed 17 Nov 2025awarded 19 Dec 2025

Awarded to Minerva Analytics Ltd

Contract term 3 yrsends 25 Feb 2029 · up to 25 Feb 2031 with extensions · starts 26 Feb 2026

What is being bought

Published requirement description

At Nest, we take our responsibilities as an asset owner seriously. Appointing the right people to invest and manage our members' money is important. As clients, we work closely with our fund managers to help us support good corporate behaviour.

As investors in globally diversified equity funds, we hold and own thousands of shares on our members' behalf. We entrust our fund managers to vote these shares thoughtfully and largely in accordance with their own documented policies. We expect them to be mindful of clients' beliefs and expectations. Having our own policy enables Nest to document our position and expectations to our fund managers on good corporate behaviour and hold them to account on the decisions they make.

It is important that we fulfil our trustee obligations and responsibilities as signatories to the Financial Reporting Council (FRC) stewardship code by monitoring and challenging our fund managers as they discharge their stewardship on our members' behalf.

We require support to hold our fund managers to account on the voting decisions they take. Each year we focus our efforts on a subset of shares

How the procedure runs: stage 1 tenders to be submitted and evaluated stage 2 presentations from top two bids

CPV: Financial consultancy services

The lotProcurement structure

single lot · value published

Lot #1AwardedRenewal 3 yrsSMEPublished value£240,000

Contract period: 26 Feb 2026 – 25 Feb 2029 (3 yrs) · up to 25 Feb 2031 with extensionsValue: £240,000 exc. VAT · £288,000 inc. VAT

Delivery: UKEligibility: SME eligible

Extensions: one two year extension

66171000 Financial consultancy services

What it takes to win
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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 more

How bids were scored

Quality: 90%Price: 10%

Published sub-criteria (8)

experience: 10%
delivery: 15%
vote execution capability.: 10%
Voting research, data and analysis: 20%
Vote reporting: 10%
Additional voting and engagement support: 20%
experience of supporting clients in period of growth: 5%
Price: 10%

Published award criteria (8)

experience: experience of delivering voting research and analysis
delivery: how the organisation proposes to meet the immediate needs of Nest during voting season
vote execution capability.: methodolgy and capacity details
Voting research, data and analysis: experience and scope of coverage and data
Vote reporting: methodology of Vote reporting
Additional voting and engagement support: delivery , resource availabilty ,data on ESG, policy review , information and analysis
experience of supporting clients in period of growth: management processes and relationships with your clients
Price: Fixed price for delivery of the service

What this means for your bid

Price carries 10 of 100 points: a 10% discount moves about 1 point. 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: Competitive flexible 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: 15 Oct 2025, 15:23 BST
Last source update: 22 Feb 2026, 22:27 GMT
Award evaluation window: Submission end – 18 Dec 2025
Authority reference: TEN-2526-019 (PA23)
FTS notice number: 2025/S 000-065651
Latest notice: Contract details notice (UK7)
Classification (CPV): Financial consultancy services
Delivery area: UKLondon (UKI)
Official registry OCID: ocds-h6vhtk-05cd70 Find a Tender

How it runs: stage 1 tenders to be submitted and evaluated
stage 2 presentations from top two bids

Review and risk notes

Risks: Nest is in a period of growth and the scope of this requirement may grow as Nest's investment portfolio grows

How it was run

Official notice

Run through: JAGGAER / BravoSolution · Who buys & how to bid on JAGGAER

Electronic submission allowedLanguage: EN

Submission deadline: 17 Nov 2025, 12:00 GMT
Clarification deadline: 31 Oct 2025, 12:00 GMT
Submission channel: Official e-sourcing portal
Electronic submission: Allowed
Accepted languages: en

Detailed submission instructions & authority contactsFrom official release

nesttenders.bravosolution.co.uk ↗.

Timeline

15 Oct 2025 → 26 Feb 2026 · 8 dates

Tender notice published372 days ago
15 Oct 2025, 15:23 BST
Clarification questions by356 days ago
31 Oct 2025, 12:00 GMT
Submission deadline339 days ago
17 Nov 2025, 12:00 GMT
Award decision expected by307 days ago
18 Dec 2025, 23:59 GMT
Assessment summaries sent288 days ago
7 Jan 2026
Standstill ends275 days ago
19 Jan 2026, 23:59 GMT
Latest notice published241 days ago
22 Feb 2026, 22:27 GMT
Contract starts238 days ago
26 Feb 2026

Notice history

5 events · 3 releases on Find a Tender · since 15 Oct 2025

Tender notice published
15 Oct 2025, 15:23 BST
UK4
Contract award notice published
8 Jan 2026, 12:21 GMT
UK6
Status changed to complete
8 Jan 2026, 12:21 GMT
Contract signature expected
29 Jan 2026, 23:59 GMT
scheduled
Contract details notice published
22 Feb 2026, 22:27 GMT
UK7

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £232,8751 award exc. VAT

Bids received 21 from SMEs

Contracts signed 1latest 17 Jan 2026

Awarded to	Value	Date	Status
Minerva Analytics LtdSME29 Jan 2026 – 28 Jan 2029 · up to 28 Jan 2031Extensions: two 1 year extensions to be activated at Nest's discretion	£232,875	19 Dec 2025	Awarded

Contracts

Contract 1 · Minerva Analytics LtdSME
Signed
17 Jan 2026
Value
£232,875
Period
29 Jan 2026 – 28 Jan 2029 · up to 28 Jan 2031 with extensions
Status
active
Extensions
One or more further periods of 1 year up to a maximum of 2 years at Nest's discretion
No agreed KPIs: contract under £5M

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
2final-stage tenders · 3 at stage one	1	0	—

Contracting authority & participating public bodies

National Employment Savings Trust (NEST) Corporation

Contracting authorityPublic authority - central government GB-PPON: PQGC-5667-VDDT 10 South Colonnade, Canary Wharf,, London, London, E14 4PUContact email

Bidders & participating suppliers

1 commercial party on the notice

MINERVA ANALYTICS LIMITEDAwarded supplierGB-COH: 11260966GB-PPON: PXCC-1961-QVRD 9 Freebournes Court, Witham, East of England, CM8 2BLContact email

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender22 Feb 2026, 22:27 GMT
Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender8 Jan 2026, 12:21 GMT
Tender notice tenderTender noticeUK4Tender notice on Find a Tender15 Oct 2025, 15:23 BST