Awarded contract

Provision of Internal Audit Services

  • National Employment Savings Trust (NEST) 

F03: Contract award notice

Notice reference: 2024/S 000-013131

Published 23 April 2024, 12:27pm



Section one: Contracting authority

one.1) Name and addresses

National Employment Savings Trust (NEST) 

10 South Colonnade 1st floor

London

E14 4PU

Email

procurement@nestcorporation.org.uk

Country

United Kingdom

NUTS code

UK - United Kingdom

Internet address(es)

Main address

www.nestpensions.org.uk

one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

Economic and financial affairs


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

Provision of Internal Audit Services

two.1.2) Main CPV code

  • 79212200 - Internal audit services

two.1.3) Type of contract

Services

two.1.4) Short description

This is for the provision of internal audit services to Nest Corporation.

The contract has been awarded for an initial term of five years, with the option to extend up to a further two years.

The contract value on this notice is the total potential value for the full seven years and includes expenditure for any ad-hoc audits over and above the core audit requirements.

two.1.6) Information about lots

This contract is divided into lots: No

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £5,100,000

two.2) Description

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement

This is for the provision of internal audit services to Nest Corporation.

The contract has been awarded for an initial term of five years, with the option to extend up to a further two years.

The contract value on this notice is the total potential value for the full seven years and includes expenditure for any ad-hoc audits over and above the core audit requirements.

two.2.5) Award criteria

Price

two.2.11) Information about options

Options: No

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No


Section four. Procedure

four.1) Description

four.1.1) Type of procedure

Open procedure

four.1.8) Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2023/S 000-030370


Section five. Award of contract

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

2 April 2024

five.2.2) Information about tenders

Number of tenders received: 10

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

Deloitte LLP

1 New Street Square

London

EC4A 3HQ

Country

United Kingdom

NUTS code
  • UK - United Kingdom
The contractor is an SME

No

five.2.4) Information on value of contract/lot (excluding VAT)

Total value of the contract/lot: £5,100,000


Section six. Complementary information

six.4) Procedures for review

six.4.1) Review body

High Court

London

Country

United Kingdom

six.4.2) Body responsible for mediation procedures

High Court

London

Country

United Kingdom