AWARD OUTCOME
What happened
National Wealth Fund Limited has awarded and signed a two-year contract with verified supplier CARTER JONAS LLP for commercial property advisory and due-diligence services supporting investment appraisal and decision-making. Services will be commissioned through Statements of Work.
Published outcomeThe contract is active, was signed on 1 October 2026, and runs from 5 October 2026 to 4 October 2028.
Market significanceThis is a £173,000 net (£207,600 gross) below-threshold framework call-off for specialist real-estate advisory services.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
CARTER JONAS LLP
99% confidenceAward 1 · Lots 1 · £173,000 net; £207,600 gross GBP · Verified; active contract
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Award 1 identifies CARTER JONAS LLP as supplier. Supplier verification matched Companies House number OC304417 by company number. The sole linked contract has net amount £173,000 and gross amount £207,600.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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The published document is described as a "Contract details notice on Find a Tender" (UK7).
Contract status
99% confidenceActive
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Contract 1 is recorded with status "active"; award 1 is also recorded as active.
Contract signature
99% confidenceSigned on 1 October 2026
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Contract 1 includes dateSigned: 2026-10-01.
Contract period
99% confidence5 October 2026 to 4 October 2028
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Contract 1 period startDate is 2026-10-05 and endDate is 2028-10-04.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£173,000
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Contract 1 value.amount is 173000 GBP; the notice description states "£173,000 + VAT".
Contract value including VAT
99% confidence£207,600
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Contract 1 value.amountGross is 207600 GBP.
TIMELINE
Procurement timeline
Contract signed
99% confidence1 October 2026
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Contract 1 dateSigned: 2026-10-01.
Contract start
99% confidence5 October 2026
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Contract 1 period.startDate: 2026-10-05.
Contract end
99% confidence4 October 2028
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Contract 1 period.endDate: 2028-10-04.
Notice published
99% confidence9 October 2026
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The UK7 contract details notice datePublished is 2026-10-09.
SCOPE
What was awarded
Services
98% confidenceSpecialist commercial property advisory and due-diligence services
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Tender description states that services support the Fund's investment appraisal and decision-making.
Service ordering model
97% confidenceServices to be called off through Statements of Work
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Tender description states that required services "will be called of through a Statement of Work".
Procurement category
99% confidenceServices — real estate services (CPV 70000000)
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Award item lists main procurement category as services and CPV 70000000, "Real estate services".
Delivery geography
95% confidenceUnited Kingdom
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Award delivery address is recorded at UK level.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceSelective
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Tender procurementMethod is "selective".
Method detail
99% confidenceBelow-threshold award under a framework
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Tender procurementMethodDetails states "Below threshold - award under framework".
Competition indicator
93% confidenceCompetitive procurement indicated
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Tender field competitive is true.
Framework relationship
98% confidenceLinked to framework process ocds-h6vhtk-050cf6
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Related process is identified as a framework with identifier ocds-h6vhtk-050cf6.
CONTRACT TERMS
Published contract terms
Term
99% confidenceTwo years
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The notice description states the contract is for a two-year period; recorded dates span 5 October 2026 to 4 October 2028.
VAT treatment
99% confidence£173,000 plus VAT; £207,600 gross recorded
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Notice description states "£173,000 + VAT" and the contract value records net and gross amounts.
Call-off mechanism
97% confidenceStatements of Work
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The notice description says services will be called off through a Statement of Work.
COMMERCIAL VIEW
Commercial observations
Commercial structure
92% confidenceA fixed published contract value supports task-based delivery through Statements of Work.
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The notice specifies a £173,000 net total and states that services will be called off through Statements of Work.
Route to market
98% confidenceFramework call-off rather than a standalone above-threshold tender.
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The procedure is described as a below-threshold award under a framework and references a related framework process.
DATA QUALITY
Gaps and source limitations
Award-value allocation
94% confidenceThe published contract value is linked to the sole award and sole verified supplier.
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One award, one supplier and one linked contract are recorded; no individual lot value is published.
Lot detail
99% confidenceLot 1 has no published title, description or individual value.
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Lot 1 is present but its title, description and value fields are null.
Competition detail
99% confidenceBidder count, evaluation criteria, scores and award rationale are not supplied in the published notice.
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No such fields are included in the supplied notice data.
Renewal terms
99% confidenceInformation not supplied in the published notice.
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No extension or renewal-option fields are provided.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- No award date is published.
- Lot 1 has no published title, description or individual value.
- Bid count, evaluation methodology, scores and detailed award rationale are not published.
- No extension or renewal options are published; the October 2028 re-procurement point is only an estimate based on the stated end date.
- Pricing breakdown and Statement-of-Work terms are not supplied.
MARKET THEMES
Relevant award themes
National Wealth Fund LimitedCARTER JONAS LLPcommercial property advisory servicesproperty due diligencereal estate servicesframework call-off
COMMON QUESTIONS
About this award
Who won the Commercial Property Advisory Services contract?
CARTER JONAS LLP, verified against Companies House number OC304417.
What is the contract value?
£173,000 excluding VAT and £207,600 including VAT.
When does the contract run?
From 5 October 2026 to 4 October 2028.
Was the contract signed?
Yes. The supplied contract record gives a signature date of 1 October 2026.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.