Scope
Reference
C1123
Description
Procurement to award up to 3 call off contracts for permanent recruitment services for the National Wealth Funds Investment banking roles as required.
Each contract will be for an initial 3 year period, with an optional 12 month extension, with a maximum value of £840,000 incl VAT.
There will be no exclusivity guarantee under the contracts or minimum commitment of spend.
As recruitment of roles are required, the Buyer's Head of Talent Acquisition will engage with one of the contracted suppliers to confirm the details of the recruitment.
The standstill period shall commence on 10 December 2025 and conclude on 19 December 2025.
Contract 1. Permanent Recruitment Services for Investment Banking roles
Supplier
Contract value
- £700,000 excluding VAT
- £840,000 including VAT
Above the relevant threshold
Award decision date
25 November 2025
Date assessment summaries were sent to tenderers
9 December 2025
Standstill period
- End: 19 December 2025
- 8 working days
Earliest date the contract will be signed
5 January 2026
Contract dates (estimated)
- 12 January 2026 to 11 January 2029
- Possible extension to 11 January 2030
- 4 years
Description of possible extension:
Each contract will have an optional 12 month extension
Main procurement category
Services
CPV classifications
- 79600000 - Recruitment services
Contract locations
- UK - United Kingdom
Contract 2. Permanent Recruitment Services for Investment Banking roles
Supplier
Contract value
- £700,000 excluding VAT
- £840,000 including VAT
Above the relevant threshold
Award decision date
25 November 2025
Date assessment summaries were sent to tenderers
9 December 2025
Standstill period
- End: 19 December 2025
- 8 working days
Earliest date the contract will be signed
5 January 2026
Contract dates (estimated)
- 12 January 2026 to 11 January 2029
- Possible extension to 11 January 2030
- 4 years
Description of possible extension:
Each contract will have an optional 12 month extension
Main procurement category
Services
CPV classifications
- 79600000 - Recruitment services
Contract locations
- UK - United Kingdom
Contract 3. Permanent Recruitment Services for Investment Banking roles
Supplier
Contract value
- £700,000 excluding VAT
- £840,000 including VAT
Above the relevant threshold
Award decision date
25 November 2025
Date assessment summaries were sent to tenderers
9 December 2025
Standstill period
- End: 19 December 2025
- 8 working days
Earliest date the contract will be signed
5 January 2026
Contract dates (estimated)
- 12 January 2026 to 11 January 2029
- Possible extension to 11 January 2030
- 4 years
Description of possible extension:
Each contract will have an optional 12 month extension
Main procurement category
Services
CPV classifications
- 79600000 - Recruitment services
Contract locations
- UK - United Kingdom
Information about tenders
- 11 tenders received
- 11 tenders assessed in the final stage:
- 11 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 3 suppliers awarded contracts
- 8 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Suppliers
Pearse Partners Ltd.
- Public Procurement Organisation Number: PZDX-6772-LQYV
Hatfield House Level 3 52-54 Stamford St
London
SE1 9LX
United Kingdom
Email: andy@pearsepartners.com
Region: UKI44 - Lewisham and Southwark
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. Permanent Recruitment Services for Investment Banking roles
Professional Services Resourcing Limited
- Public Procurement Organisation Number: PRCV-6168-JQGP
Ground Floor One Embankment
Leeds
LS1 4DW
United Kingdom
Email: david@psresourcing.co.uk
Region: UKE42 - Leeds
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 3. Permanent Recruitment Services for Investment Banking roles
Satigo Ltd.
- Public Procurement Organisation Number: PTBH-1799-DJGQ
70 St Mary Axe
London
EC3A 8BE
United Kingdom
Email: nabil.dar@satigo.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 2. Permanent Recruitment Services for Investment Banking roles
Contracting authority
National Wealth Fund Limited
- Public Procurement Organisation Number: PZLH-3537-RPCP
2 Whitehall Quay, Leeds, LS1 4HR
Leeds
LS1 4HR
United Kingdom
Contact name: Freddie Hudson-Evans
Region: UKE42 - Leeds
Organisation type: Public authority - central government