Contracts Finder · Award
Scheme administration services contract
A public procurement published by Nest Corporation via Contracts Finder.
- £1.5bn
- Award value
- £1.5bn
- Tender value
- 1
- Suppliers
- 1
- Awards
- 1
- Notices
- Award
- Stage
Overview
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…
Key details
- Buyer
- Nest Corporation
- Source
- Contracts Finder
- Lifecycle stage
- Award
- Status
- complete
- CPV classification
- 66000000 — Financial and insurance services
- Currency
- GBP
- Total award value
- £1,500,000,000
- Tender value
- £1,500,000,000
- First published
- 21 Jun 2023
- Last updated
- 21 Jun 2023
Awards
1 award recorded on this procurement.
| Supplier | Companies House | Awarded | Status | Value |
|---|---|---|---|---|
| TATA CONSULTANCY SERVICES LIMITED | OE031916 | 24 May 2023 | active | £1.5bn |
Notice timeline
Every published notice in this procurement's lifecycle.
All suppliers
Frameworks & programmes
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FAQs about this procurement
Who is the buyer for "Scheme administration services contract"?
Scheme administration services contract is a UK public-sector procurement published by Nest Corporation via Contracts Finder.
Has "Scheme administration services contract" been awarded?
Yes — 1 award is recorded, with a reported total value of £1,500,000,000. The current lifecycle stage is "Award".
Which suppliers are involved in "Scheme administration services contract"?
1 supplier is linked: TATA CONSULTANCY SERVICES LIMITED.
What is "Scheme administration services contract" worth?
The reported award value is £1,500,000,000.
When was "Scheme administration services contract" published?
It was first published on 21 Jun 2023 and last updated on 21 Jun 2023, across 1 notice.
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