Scope
Description
We require support to hold our fund managers to account on the voting decisions they take. Each year we focus our efforts on a subset of shares. We compare how our fund managers intend to vote these shares at upcoming general meeting to how our voting policy tells us we would vote in our members' best interests. We identify differences between how our fund managers intend to vote and how we would vote on a particular issue. With the differences identified we have an informed debate with our fund managers and influence them. The approach allows us to meaningfully participate in a dialogue on corporate governance, value, risk, environmental and social matters.
Total value (estimated)
- £240,000 excluding VAT
- £288,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 26 February 2026 to 25 February 2029
- Possible extension to 25 February 2031
- 5 years
Description of possible extension:
one two year extension
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UK - United Kingdom
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
31 October 2025, 12:00pm
Submission type
Tenders
Tender submission deadline
17 November 2025, 12:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
18 December 2025
Award criteria
| Name | Description | Type | Weighting |
|---|---|---|---|
| Voting research, data and analysis | experience and scope of coverage and data |
Quality | 20% |
| Additional voting and engagement support | delivery , resource availabilty ,data on ESG, policy review , information and analysis |
Quality | 20% |
| delivery | how the organisation proposes to meet the immediate needs of Nest during voting season |
Quality | 15% |
| experience | experience of delivering voting research and analysis |
Quality | 10% |
| vote execution capability. | methodolgy and capacity details |
Quality | 10% |
| Vote reporting | methodology of Vote reporting |
Quality | 10% |
| Price | Fixed price for delivery of the service |
Price | 10% |
| experience of supporting clients in period of growth | management processes and relationships with your clients |
Quality | 5% |
Other information
Description of risks to contract performance
Nest is in a period of growth and the scope of this requirement may grow as Nest's investment portfolio grows
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Competitive flexible procedure
Competitive flexible procedure description
stage 1 tenders to be submitted and evaluated
stage 2 presentations from top two bids
Contracting authority
1
- Public Procurement Organisation Number: PQGC-5667-VDDT
10 South Colonnade
London
E14 4PU
United Kingdom
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - sub-central government