TEN-2627-047 (PA2023) – Asset Allocation System

What the buyer is asking for

Nest is seeking to appoint one supplier to provide, implement and support one hosted software-as-a-service solution for Nest Invest, comprising two mandatory capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest’s multi-level fund-of-funds structure and its controlled, model-driven asset allocation process. This includes strategic and tactical asset allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and the generation of implementation instructions or outputs for downstream parties. The Total Portfolio View capability must provide a consolidated view of Nest Invest’s portfolio across public and private assets, including positions, exposures, performance and look-through information where available. It must support aggregation and analysis across Nest Invest’s fund structure. The supplier will be required to provide software licensing or subscription services; implementation and configuration; integration with retained data sources and Nest Invest’s planned cloud data platform through appropriate data interfaces and APIs; transition and migration from the incumbent IRP solution; testing and user acceptance support; training and documentation; go-live and transition support; and ongoing hosting, maintenance, technical support and product-roadmap services. The solution must be configured for Nest Invest and supplied electronically as a hosted service. Investment and portfolio data will be received from retained sources, including the fund administrator and custodian, and the solution must generate the required information, reporting and implementation outputs for Nest Invest and its downstream processes. The contract will be awarded to one supplier for an initial term of five years. Nest may extend the contract for an additional two years and subsequently for a further one year, giving a maximum potential term of eight years. The contract does not guarantee any minimum volume of services or minimum expenditure.

How this is scored

Published by the buyer. A winning response is written to these weightings, not to the question.

• 68%qualityQuality – Asset AllocationAssessment of the tenderer’s written responses and supplier demonstration against the mandatory Asset Allocation requirements set out in the ITT document. Written responses account for 70% and the demonstration accounts for 30% of the quality assessment.
• 17%qualityQuality – Total Portfolio ViewAssessment of the tenderer’s written responses and supplier demonstration against the mandatory Total Portfolio View requirements set out in the ITT document. Written responses account for 70% and the demonstration accounts for 30% of the quality assessment.
• 15%priceCommercial – PriceAssessment of the tenderer’s total cost of ownership for the full Asset Allocation and Total Portfolio View scope, submitted in accordance with Annex D. The lowest compliant total cost will receive the maximum price score, with other compliant tenders scored proportionately in accordance with the methodology in the Invitation to Tender.

How contested is this?

Buyers publish how many bids they received. Across 45 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.

Timeline

4 published dates · Europe/London

1. Clarification questions by14 days ago

   7 Sept 2026, 17:00 BST
2. Tender notice published7 days ago

   15 Sept 2026, 10:29 BST
3. Submission deadlinein 23 days

   14 Oct 2026, 17:00 BST
4. Award decision expected byin 72 days

   2 Dec 2026, 23:59 GMT

Commercial outcome and contract awards

Nothing awarded yet

Notice history

6 events · 6 releases on Find a Tender

1. Tender notice24 Aug 2026, 17:15 BST080568-2026
2. Tender updated24 Aug 2026, 17:46 BST080577-2026
3. Tender updated24 Aug 2026, 17:46 BST080578-2026
4. Tender updated25 Aug 2026, 14:55 BST080903-2026
5. Tender updated26 Aug 2026, 14:37 BST081383-2026
6. Tender updated15 Sept 2026, 10:29 BST087160-2026

Documents

• Tender notice on Find a Tender