Scope
Reference
TEN 2526-011- (PA2023)
Description
Nest is on a path to becoming one of the largest pensions schemes in the UK and in order to support the continued strategic growth and development of the investment function Nest Invest will require ongoing specialist consultancy support for the development of the organisational model and development of the investment approach.
Commercial tool
Establishes a framework
Lot 1. LOT 1 Strategic investment business, organisational strategy and governance advice
Description
Strategic investment business, organisational strategy and governance advice with extensive proven experience of international investment best practice with large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) with assets under management of £25 billion and above
Framework
Maximum percentage fee charged to suppliers
0%
Framework operation description
There is only one supplier on each of the Lots on the framework . Prices for call off contracts are based on daily rates offered during the tender process
Award method when using the framework
Without competition
Contracting authorities that may use the framework
Establishing party only
Contract 1. 1 Strategic investment business, organisational strategy and governance advice
Lots
Lot 1. LOT 1 Strategic investment business, organisational strategy and governance advice
Supplier
Contract value
- £10,000,000 excluding VAT
- £12,000,000 including VAT
Above the relevant threshold
Date signed
16 September 2025
Contract dates
- 16 September 2025 to 15 September 2029
- 4 years
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UKI - London
Signed contract documents
ravida .docx
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Supplier
AVIDA INTERNATIONAL ORGANISATIONAL PERFORMANCE & GOVERNANCE LIMITED
- Companies House: 08731995
1 Fore Street Avenue
London
EC2Y 9DT
United Kingdom
Email: bartheenk@avida-int.com
Website: http://www.avida-int.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): Yes
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