Official UK procurement notice
Provision of Retirement Consultancy Services
Authority: National Employment Savings Trust (NEST)
What is being bought
Published requirement descriptionThis tender is for the provision of internal audit services to Nest Corporation.
The
CPV: Pension fund consultancy services
The lotProcurement structure
single lot · value publishedLot #1This tender is for the provision of internal audit services to Nest CorporationRenewalPublished value£5,250,000
This tender is for the provision of internal audit services to Nest Corporation.
The contract s for an initial term of 5 years, with the option to extend up to a further two years, The contract value given on this form is the total potential value for the full 7 years and includes expenditure for ad-hoc audits over and above the core audit requirements as described in the tender documents.
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
- Closed
- 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
- 6 Oct 2023, 18:28 BST
- Last source update
- 6 Oct 2023, 18:28 BST
- Award evaluation window
- 6 Nov 2023 – …
- Authority reference
TEN-2324-014- FTS notice number
2023/S 000-029617- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0408d0Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Review procedure
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: Nest does not bind itself to accept any tender and is not liable for any costs incurred by those expressing an interest or tendering for this opportunity.
How it was run
Official notice- Submission deadline
- 6 Nov 2023, 12:00 GMT
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Participation fee
- document
- Bid validity
- 180 days from the deadline
- Bids opened
- 6 Nov 2023, 12:00 GMT
Timeline
6 Oct 2023 → 6 Nov 2023 · 3 dates- Notice published6 Oct 2023, 18:28 BST
- Submission deadline6 Nov 2023, 12:00 GMT
- Bids opened6 Nov 2023, 12:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria