Award

Critical review of NS&I's forecasting processes

NS&I

This public procurement record has 1 release in its history.

Award

26 Jan 2022 at 15:53

Award Notice
Summary of the contracting process

The procurement process involves the National Savings and Investments (NS&I) organisation, which recently awarded a contract for the "Critical review of NS&I's forecasting processes." This project falls under the industry category of business and management consultancy and is located in London, United Kingdom. The procurement occurred through a selective method via a call-off from the Crown Commercial Services RM6187 Management Consultancy Framework Three. The contract period spans from 5th January 2022 to 28th February 2022, following the tender's deadline on 14th December 2021.

This tender presents valuable opportunities for businesses, particularly those specialising in consultancy services, financial analytics, and data forecasting. Companies with a proven track record in delivering insightful evaluations and recommendations within financial frameworks would be well-suited to compete in future tenders. The emphasis on enhancing NS&I's forecasting capabilities during volatile economic periods could attract small and medium enterprises (SMEs) that offer innovative solutions and adaptable strategies.

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Notice Information

Notice Title

Critical review of NS&I's forecasting processes

Notice Description

1. NS&I requires a critical review to be conducted of NS&I's forecasting data sources, analytics, methodology and processes. 2. The review will include: a. an assessment of current Net Financing forecasting data sources, methods and models processes; b. A view of what best practice looks like in the financial services market place; c. Recommendations and/or advice on how the forecasting can be im-proved d. Advice and guidance of any additional steps to manage forecasting during a volatile economic period; e. A report to the Directors of Retail setting out findings, establishing and explaining the level of assurance and proposing, where relevant, any actions that should be taken to improve the reliability, accuracy or control environment of the Net Financing forecast; f. Video-based meeting to present these findings to appropriate senior members of NS&I. 3. The benefit of this review will be to provide more assurance to NS&I that it is achieving its Net Financing Service Delivery Measure. Contract awarded via Lot 4 Finance, of Crown Commercial Services RM6187 Management Consultancy Framework Three.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23fb6d65-1558-4dc4-b90e-fa8fdc308c96
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/01970b4e-a59c-4c46-b552-a72c2ff526b0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20224 years ago
Submission Deadline
14 Dec 2021Expired
Future Notice Date
Not specified
Award Date
22 Dec 20214 years ago
Contract Period
5 Jan 2022 - 28 Feb 2022 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NS&I
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1V 2QX
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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