Section one: Contracting authority
one.1) Name and addresses
National Employment Savings Trust (NEST)
10 South Colonnade 1st floor
London
E14 4PU
procurement@nestcorporation.org.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
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 Investment Risk Platform Services
Reference number
TEN-2223-015
two.1.2) Main CPV code
- 72212411 - Investment management software development services
two.1.3) Type of contract
Services
two.1.4) Short description
This tender requirement is for the Provision of Investment Risk Platform Services across a five year contract duration, to support Nest in monitoring and analysing risk profiles of their investments at both asset class and multi-asset portfolio level.
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: £1,750,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
This tender requirement is for the Provision of Investment Risk Platform Services across a five year contract duration, to support Nest in monitoring and analysing risk profiles of their investments at both asset class and multi-asset portfolio level.
two.2.5) Award criteria
Quality criterion - Name: Quality & Technical / Weighting: 70%
Quality criterion - Name: Social Value / Weighting: 10%
Cost criterion - Name: Commercial / Weighting: 20%
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 000-001192
Section five. Award of contract
Contract No
TEN-2223-015
Title
Provision of Investment Risk Platform Services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
30 September 2023
five.2.2) Information about tenders
Number of tenders received: 7
Number of tenders received by electronic means: 7
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
BlackRock Financial Management Inc
50 Hudson Yards
New York
NY 10001
Country
United States
NUTS code
- US - United States
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £1,750,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Nest Corporation
10 South Colonnade
London
E14 4PU
procurement@nestcorporation.org.uk
Country
United Kingdom
six.4.2) Body responsible for mediation procedures
High Court
London
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
Precise information on deadline(s) for review procedures:
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)