Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
National Employment Savings Trust (NEST)
10 South Colonnade 1st floor
London
E14 4PU
UK
Telephone: +44 2030563652
E-mail: procurement@nestcorporation.org.uk
NUTS: UKI
Internet address(es)
Main address: www.nestpensions.org.uk
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
TEN-2425-021
Reference number: TEN-2425-021
II.1.2) Main CPV code
72322000
II.1.3) Type of contract
Services
II.1.4) Short description
Since 2010, Nest has been using excel to manage risk logs, the controls library, policy library, risk event management, insurance and compliance information, and these are all managed separately. As Nest grows and matures as an organisation, this is no longer fit for purpose as these are manual processes and there is a risk of multiple versions of the truth.
Nest has an ambition to be a data-led organisation and to support this we need a risk and compliance system that enables these sources to be integrated together. We need a risk system that will also easily integrate with Power BI or other reporting tools that will automate reporting and provide a single source of the truth without the need for multiple databases.
We intend to procure a risk and compliance system which has a high degree of functionality for its users and which eliminates the need for any such manual processes. We require this system to be flexible, user-friendly, intuitive to use, have user access controls, have an audit trail available, be able to share information easily across the organisation, and reduce the manual effort involved in submitting data and creating reports
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
585 000.00
GBP
II.2) Description
II.2.2) Additional CPV code(s)
72321000
II.2.3) Place of performance
NUTS code:
UKI
Main site or place of performance:
10 SC London E14 4PU
II.2.4) Description of the procurement
Since 2010, Nest has been using excel to manage risk logs, the controls library, policy library, risk event management, insurance and compliance information, and these are all managed separately. As Nest grows and matures as an organisation, this is no longer fit for purpose as these are manual processes and there is a risk of multiple versions of the truth.
Nest has an ambition to be a data-led organisation and to support this we need a risk and compliance system that enables these sources to be integrated together. We need a risk system that will also easily integrate with Power BI or other reporting tools that will automate reporting and provide a single source of the truth without the need for multiple databases.
We intend to procure a risk and compliance system which has a high degree of functionality for its users and which eliminates the need for any such manual processes. We require this system to be flexible, user-friendly, intuitive to use, have user access controls, have an audit trail available, be able to share information easily across the organisation, and reduce the manual effort involved in submitting data and creating reports
II.2.5) Award criteria
Quality criterion: quality
/ Weighting: 90
Cost criterion: cost
/ Weighting: 10
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-033812
Section V: Award of contract
Contract No: TEN-2425 -021
Title: provision of a Risk and compliance platform
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
12/08/2025
V.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from EU Member States: 5
Number of tenders received from tenderers from non-EU Member States: 5
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Protecht Limited
11545041
77 New Cavendish Street, The Harley Building, London W1W 6XB
London
W1W 6XB
UK
NUTS: UKI
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 585 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.5) Date of dispatch of this notice
20/08/2025