AWARD OUTCOME
What happened
National Employment Savings Trust (NEST) Corporation awarded a framework call-off for Phase 5 Data Platform and Private Markets solution-selection support to ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED. The published award value is £243,000 excluding VAT (£291,600 including VAT).
Published outcomeA single supplier is named for award 1, covering lot 1 in the award data. The award was published on 9 October 2026; a future signature date and contract start are both scheduled for 12 October 2026, so the notice does not evidence a signed contract at publication.
Market significanceThis is a short-duration, above-threshold financial consultancy engagement supporting NEST Invest's data-platform work with Northern Trust and selection of a Private Markets solution.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED
99% confidenceAward 1 · Lots 1 · 243000 GBP · verified supplier named on active award
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Award 1 names supplier GB-COH-04710715. Supplier verification matches Companies House number 04710715 to ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED.
LIFECYCLE
Award or contract stage
Published notice
99% confidenceContract award notice published 9 October 2026
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Award document 095819-2026 is described as a Contract award notice on Find a Tender and dated 2026-10-09.
Award status
98% confidenceActive award
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Award 1 has status "active" and award date 2026-10-05.
Signature status
99% confidenceFuture signature scheduled for 12 October 2026; signing not evidenced
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Award milestone type "futureSignatureDate" has due date 2026-10-12 and status "scheduled".
Contract start
96% confidenceScheduled for 12 October 2026
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Award 1 contractPeriod startDate is 2026-10-12.
Contract end
96% confidence18 December 2026
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Award 1 contractPeriod endDate is 2026-12-18T23:59:59Z.
VALUES
Published values explained
Award value excluding VAT
99% confidence£243,000
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Award 1 value.amount is 243000 GBP.
Award value including VAT
99% confidence£291,600
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Award 1 value.amountGross is 291600 GBP.
Value allocation
97% confidenceThe published award value applies to award 1; no separate lot-level value is supplied.
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Award 1 is related to lot 1, while lot 1 has no value amount.
TIMELINE
Procurement timeline
Award decision date
98% confidence5 October 2026
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Award 1 date is 2026-10-05.
Award notice publication
99% confidence9 October 2026
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Award notice document datePublished is 2026-10-09.
Scheduled signature date
99% confidence12 October 2026
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Scheduled futureSignatureDate milestone is 2026-10-12.
Specified delivery period
96% confidence12 October 2026 to 18 December 2026
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Award 1 contractPeriod specifies those start and end dates.
SCOPE
What was awarded
Requirement
98% confidencePhase 5 non-MVP Data Platform activity and Private Markets solution selection support
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The notice description states that NEST Invest seeks a partner to progress non-MVP Data Platform activity and lead selection of a Private Markets solution.
Named technical work
98% confidenceNest Snowflake partition design and Power BI reporting-layer design
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These activities are expressly listed in the notice description.
Programme context
98% confidenceSupport for the wider Northern Trust Data Platform implementation
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The description links the work to the wider Northern Trust Data Platform implementation.
Procurement classification
99% confidenceFinancial consultancy services (CPV 66171000)
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Award item 1 lists CPV 66171000, Financial consultancy services.
Delivery location
95% confidenceUKI, United Kingdom
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Award item 1 lists delivery address region UKI, country GB.
PROCEDURE
Procedure and competition
Procedure
99% confidenceSelective procedure under a framework
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Tender procurementMethod is "selective" and procurementMethodDetails is "Award under framework".
Competition indicator
98% confidenceThe source marks the procurement as non-competitive
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Tender field competitive is false.
Framework reference
97% confidenceRelated framework process ocds-h6vhtk-052854, related lot 2
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relatedProcesses identifies a framework relationship and relatedLots ["2"].
Bidder and evaluation information
99% confidenceUnknown
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Information not supplied in the published notice.
CONTRACT TERMS
Published contract terms
Term
96% confidenceSpecified period of about two months, from 12 October to 18 December 2026
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Award 1 contractPeriod provides the dates.
Extension or renewal terms
99% confidenceUnknown
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Information not supplied in the published notice.
Lot coverage
94% confidenceAward 1 is linked to lot 1; the related framework record refers to framework lot 2
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Award 1 relatedLots is ["1"], while the framework relationship lists relatedLots ["2"].
COMMERCIAL VIEW
Commercial observations
Commercial structure
98% confidenceSingle-supplier framework call-off with a published award value of £243,000 excluding VAT.
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The award names one supplier and gives value.amount of 243000 GBP; procurementMethodDetails states Award under framework.
Delivery profile
94% confidenceThe specified term is short and focused on design, implementation support and solution selection.
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The contract period runs from 12 October to 18 December 2026 and the description covers platform design activities and selection of a Private Markets solution.
Pricing detail
99% confidenceNo rate card, price breakdown or payment terms are published.
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Information not supplied in the published notice.
DATA QUALITY
Gaps and source limitations
Signature and commencement evidence
99% confidenceThe award is active, but the notice records signature as scheduled rather than completed. It should not be described as a signed contract based on this notice.
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futureSignatureDate milestone is scheduled for 12 October 2026.
Lot mapping ambiguity
99% confidenceThe award is linked to lot 1, whereas the related framework process references lot 2. The notice title also says "Lot 2". The published data does not resolve this difference.
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Title is "TEN-2526-011 - Lot 2 - Call off no 12"; award relatedLots is ["1"]; related framework relatedLots is ["2"].
Unpublished commercial detail
99% confidenceInformation not supplied in the published notice: bid count, evaluation results, award rationale, lot-level value, extension terms, pricing breakdown and payment terms.
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These fields or details are absent from the supplied notice data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The notice records a scheduled future signature date, not a completed signature; contract conclusion cannot be inferred.
- Lot references are inconsistent or ambiguous: the title and related framework reference lot 2, while the award record is linked to lot 1.
- Information not supplied in the published notice: bid count, evaluation and award rationale, lot-level value, pricing detail, payment terms, extensions and renewal options.
MARKET THEMES
Relevant award themes
NEST CorporationALPHA FINANCIAL MARKETS CONSULTING UK LIMITEDAlpha FMCData PlatformPrivate Marketsfinancial consultancyframework call-offFind a Tender
COMMON QUESTIONS
About this award
Who won the NEST Data Platform call-off?
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED, verified against Companies House number 04710715.
What is the published award value?
£243,000 excluding VAT and £291,600 including VAT.
Is the contract signed?
The notice does not evidence a completed signature. It records a signature date scheduled for 12 October 2026.
When is the specified contract period?
12 October 2026 to 18 December 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.