Without competition, TCS wins back UK pensions body in £1.5B mega-deal
The UK's National Employment Savings Trust , an occupational pensions scheme, has inked a £1.5 billion deal with TCS without competition after sacking off French supplier Atos earlier this year.
That assessment seems to have concluded that no one else in the world could provide the combination of tech and services NEST requires.— set to last between 10 and 18 years — NEST said competition is absent “for technical reasons” so it awarded the contract to TCS “without publishing a prior call for competition.”
“PwC's expert conclusion was that, apart from TCS, there was no single supplier or consortium in the market now or the short term who could meet Nest's requirements,” the document said. “Nest concludes there is presently no reasonable alternative or substitute available and the absence of competition is not the result of an artificial narrowing down of the parameters of the procurement,” it said.
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