Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Nuclear Restoration Services Limited
02264251
Hinton House, Birchwood Park Avenue, Risley
Warrington
WA3 6GR
UK
Contact person: Alwena Owen
E-mail: alwena.owen@magnoxsites.com
NUTS: UK
Internet address(es)
Main address: https://www.gov.uk/government/organisations/nuclear-restoration-services
Address of the buyer profile: https://www.gov.uk/government/organisations/nuclear-restoration-services
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Other: Nuclear decommissioning
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Korn Ferry support 2024-25 - audit and assurance of the LTIP, STIP and PCH bonus
II.1.2) Main CPV code
71241000
II.1.3) Type of contract
Services
II.1.4) Short description
An independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
47 280.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKK1
II.2.4) Description of the procurement
Carry out an independent audit and assurance of the outcomes of our incentive schemes within NRS Sites and NRS Dounreay. It includes an audit and assurance of the LTIP, STIP and PCH bonus and incentive targets and the final outcomes including reviewing the evidence files associated with the achievement of the targets and the final payment against those targets. <br/><br/>Work to be completed is: - <br/><br/>- Review of initial findings, context and discussions with HR / Rem Co process and outcomes <br/>- Review of evidence - measure by measure (with follow ups for clarification) <br/>- Interim draft / reviews with Chief People Officer on status and gaps <br/>- Production of paper for Rem Co with recommendations on bonus out-turn <br/>- Presentation at Rem Co and completion of work by end of June
II.2.5) Award criteria
Price
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Award of a contract without prior publication of a call for competition
Justification for selected award procedure:
The procurement falls outside the scope of application of the Directive
Explanation
Korn Ferry have provided this independent assurance and audit previously so REMCO are satisfied that the details will be at the appropriate level which will give them confidence to make a decision. Korn Ferry have a detailed knowledge of our incentive scheme arrangements and therefore will reduce the time and cost by using them as there is not a requirement to spend time bringing them up to speed. They have the skill in this area and have worked with the NDA on a number of wider projects. NDA Reward team are looking at the arrangements going forward, and this may result in a change of approach.
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
03/04/2024
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Korn Ferry (UK) Ltd
00763575
Korn Ferry Ryder Court, 14 Ryder Street London
London
SW1Y 6QB
UK
NUTS: UK
Internet address(es)
URL: www.kornferry.com
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
Lowest offer:
47 280.00
GBP
/ Highest offer:
47 280.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Nuclear Restoration Services Limited
Hinton House, Birchwood Park Avenue, Risley
Warrington
WA3 6GR
UK
E-mail: magnox.supplier.queries@magnoxsites.com
Internet address(es)
URL: https://www.gov.uk/government/organisations/nuclear-restoration-services
VI.5) Date of dispatch of this notice
03/04/2024