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Provision of Nest Scheme administration services

Closed

Submission Deadline Has Passed

This tender's submission deadline has passed and is no longer accepting applications. The information below is kept for reference purposes.

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Deadline
Expired
June 21, 2023
Contract Details
Category
Restricted Procedure
Reference
017642-2023
Value
£1,500,000,000
Location
London, United Kingdom
Published
April 09, 2026
CPV Code
Project Timeline

Tender Published

June 21, 2023

Deadline for Questions

June 14, 2023

Submission Deadline

June 21, 2023

View Original
Budget
£1,500,000,000
Duration
Not specified
Location
London
Type
Restricted Procedure

Original Tender Description

The Authority has awarded a contract to Tata Consultancy Services (TCS) for the build, delivery and operation of administration services for the defined contribution pension scheme known as the National Employment Savings Trust. The administration services will support auto-enrolment and be delivered primarily via digital channels. The contract will be for a minimum term of 10 years, with an optional extension period of up to 5 years, and the option of an additional period of up to 3 years for exit. The total contract value is indicative and covers this potential 18 year period. The Authority considers that competition is absent for technical reasons and so has awarded the contract to TCS without publishing a prior call for competition. The Authority's reasons for forming this view are set out below. The Authority and TCS entered into the contract on 21/06/23.

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Basic Requirements

  • Company registration in EU required
  • Proven track record in similar projects
  • Financial stability documentation

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