Pay and Benefits Benchmarking review

The Development Bank of Wales has awarded a contract following a competitive procurement process in accordance with the Procurement Act 2023. The awarded contract covers the provision of services to support DBW in delivering Pay and Benefits Benchmarking review. The evaluation was undertaken against the published criteria, including quality, and price Following evaluation, the contract was awarded to Mercer as the most advantageous tender (MAT). The contract will commence in February 2026 and is expected to run until February 2027, with options to extend where specified in the procurement documents. If extensions are taken the contract will run until February 2032. Further details, including total contract value, procurement route, and key deliverables, are available in the published Contract Award Notice on Find a Tender.