Source: https://tendernation.io/opportunities/01a13ccb-26f7-7309-aba6-92313a34d50c/scheme-administration-services-contract

awarded GB negotiated without publication procedure

# Scheme administration services contract

[National Employment Savings Trust (NEST) Corporation](https://tendernation.io/buyers/national-employment-savings-trust-nest-corporation)

Estimated value

£1,500,000,000

Published

21 Jun 2023

Deadline

Closed

25 May 2023

## About this tender

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 to TCS without publishing a prior call for competition. The Authority and TCS entered into the contract on 21/06/23.

## CPV classification

Financial and insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/cd420747-0b1c-40d6-b53c-b2f1527ea6a4)

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