Scope
Reference
TEN 2526-011-Lot 2 Call off 3
Description
Building on work completed to date and following the detailed, design and planning during Phase 3, Nest Invest is seeking a partner to work with the team to implement their Target Operating Model ('TOM') - focusing on embedding the design produced in Phase 3 and progressing the key Target Operating Model enhancements identified that align to Nest's strategic pillars.
Contract 1
Supplier
Contract value
- £986,274 excluding VAT
- £1,183,274 including VAT
Above the relevant threshold
Date signed
14 January 2026
Contract dates
- 14 January 2026 to 31 March 2026
- 2 months, 18 days
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UKI - London
Justification for not setting key performance indicators
It is a call off contract from the framework and the value is below £5million pounds
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Award under framework
Framework being used
Nest Invest consultancy services
Lot 2. LOT 2 Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed
Award without competition - single supplier
Supplier
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED
- Companies House: 04710715
- Public Procurement Organisation Number: PRNG-1778-PVXJ
60 Gresham Street
London
EC2V 7BB
United Kingdom
Email: joseph.sproul@alphafmc.com
Website: http://www.alphafmc.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
Contracting authority
National Employment Savings Trust (NEST) Corporation
- Public Procurement Organisation Number: PQGC-5667-VDDT
10 South Colonnade, Canary Wharf,
London
E14 4PU
United Kingdom
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - central government