Provision of Nest Scheme Administration Services

Tender description

The Authority is seeking to procure a fully outsourced service 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 must support auto-enrolment and be delivered primarily via digital channels. The Authority anticipates that 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 estimated contract value is indicative and covers this potential 18 year period. Due to the complex nature of the Authority's requirements, the Authority will be using the Competitive Dialogue process for this procurement. The Authority will use a Selection Questionnaire (SQ) for its initial downselect. Following assessment of SQ Submissions, up to a maximum of 6 Candidates will be invited to participate in dialogue. The Authority reserves the right in its absolute discretion to invite a lesser number of Candidates. Please see the SQ for further details. After the Dialogue phase, remaining Candidates will be invited to submit a Final Tender and the contract will be awarded to the most economically advantageous Final Tender. The Authority anticipates that contract award will take place approximately 3 years before the service goes live to allow for the solution build and a safe migration. All formal tender documents and submissions will be exchanged through the Authority's Bravo portal. To request access to the documentation being released at this stage, including the SQ, Candidates must register on the portal and then sign and return the Confidentiality Agreement via the Bravo messaging service. It is in each Candidate's interest to complete this activity as soon as possible. The Draft ITPD contains additional information on the procurement process as well as detailed requirements.