Official UK procurement notice
TEN-2324-037 Nest Invest Strategic Evolutionary Consultancy Value Increase
Authority: National Employment Savings Trust (NEST)·Consortium: 2 public authorities
What is being bought
Published requirement descriptionA framework agreement to support Nest as we evolve the operating and business model.
To assist in the transformation of Nests operating models through significant growth trajectories.
Suppliers will have experience of advising FCA regulated OPS firms and with practitioner knowledge of investment operating model design and implementation.
CPV: Business and management consultancy and related services
The lotProcurement structure
single lot · no lot value publishedLot #1
Procedure terms & legal framework
From the official record- 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
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 25 Mar 2025, 14:42 GMT
- Last source update
- 26 Mar 2025, 10:35 GMT
- FTS notice number
2025/S 000-011270- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04f87fFind a Tender
Notice history
1 event · 2 releases on Find a Tender- Buyer details updated26 Mar 2025, 10:35 GMT
Published amendments (1 · 0 deadline changes)
| When | What | Before | After | Shift |
|---|---|---|---|---|
| — | TextName and address of the contractor/concessionaire · V.2.3 | Aviva International | Avida International |
VII.1.7 Name and address of the contractor/concessionaire Change Aviva International to Avida International.
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED, Alpha Financial Market Consulting, Aviva Internationaljoint awardNest Invest Strategic Evolutionary Consultancy | £3,000,000 † | — | Awarded |
Contracts
Nest Invest Strategic Evolutionary Consultancy · ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED, Alpha Financial Market Consulting, Aviva International
- Signed
- 31 May 2024
- Value
- £3,000,000
- Status
- active
- Change Increase of contract value by 50%, Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: The extension of the contract is necessary due to unforeseeable delays to relevant projects under the framework agreement, which has increased the estimated cost of the consultancy services required to deliver these projects above estimates. It would not be possible for Nest to contract with any other supplier to complete the projects without incurring significant costs (in the region of £1m-£1.5m) because these projects are in flight and a new supplier would have to duplicate work already completed by the existing suppliers. This would not represent good value for money. In addition there would be a significant time cost of onboarding new suppliers, and for them to develop the work existing suppliers have already completed. This would further delay projects (by an estimated year, on the basis of the work completed to date) which are critical to the delivery of the investment approach for Nest’s members.
Contracting authority & participating public bodies
2 public bodies on the noticeDispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
3 commercial parties on the notice- Alpha Financial Market ConsultingAwarded supplier
- Alpha Financial Markets ConsultingAwarded supplier
- Aviva InternationalAwarded supplier
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.