Permanent Recruitment Services for Investment Banking roles
Estimated value
—
Awarded value
£2.1m
Suppliers
3
Lots
1
Published
10 Dec 2025
Description
Procurement to award up to 3 call off contracts for permanent recruitment services for the National Wealth Funds Investment banking roles as required. Each contract will be for an initial 3 year period, with an optional 12 month extension, with a maximum value of £840,000 incl VAT. There will be no exclusivity guarantee under the contracts or minimum commitment of spend. As recruitment of roles are required, the Buyer’s Head of Talent Acquisition will engage with one of the contracted suppliers to confirm the details of the recruitment. The standstill period shall commence on 10 December 2025 and conclude on 19 December 2025.
Scope
- Reference
- C1123
- Commercial tool
- Standalone contract
- Contract dates
- 12 Jan 2026 to 11 Jan 2029Possible extension to 11 Jan 2030
Each contract will have an optional 12 month extension
- CPV classifications
- 79600000
- Contract locations
- UK, United Kingdom
- Particular suitability
- Small and medium-sized enterprises (SME)
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Commercia | — | price | 20.00% |
| Geographical Knowledge of Recruitment and Proximity | — | quality | 22.50% |
| Search expertise & experience | — | quality | 22.50% |
| Equality, Diversity and Inclusion | — | quality | 20.00% |
| Contract Management | — | quality | 5.00% |
| Social Value - 1 | — | quality | 5.00% |
| Social Value - 2 | — | quality | 5.00% |
Participation
Conditions suppliers must meet to bid.
Suppliers (or their guarantors) must hold a Dun & Bradstreet financial risk score of at least 51. Suppliers must have, or commit to obtaining prior to award, the levels of insurance cover indicated below: a. Employer’s (Compulsory) Liability Insurance* = £5,000,000 b. Public Liability Insurance = £5,000,000 c. Professional Indemnity Insurance = £1,000,000 Suppliers must have in place, or commit to having in place by the award of the contract, the human and technical resources to perform the contract to ensure compliance with the UK General Data Protection Regulation and to ensure the protection of the rights of data subjects.
Submission & procedure
- Procedure
- Open procedure
Award details· 3 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
£700k
Award date
25 Nov 2025
Contract start
12 Jan 2026
Contract end
11 Jan 2029