Award

Consumer Panel Research

FCA

This public procurement record has 1 release in its history.

Award

04 Dec 2024 at 10:58

Summary of the contracting process

The Financial Conduct Authority (FCA) based in London has recently completed the procurement process for market research services titled "Consumer Panel Research". This tender falls under the industry category of market research services (CPV: 79310000) and aims to gather insights on consumer needs and behaviours related to financial decisions throughout their lives. The awarded contract, worth £80,000, spans from 2nd December 2024 to 1st May 2025. The procurement was conducted using a selective method, specifically a call-off from a framework agreement. The award was announced on 4th December 2024, with the tendering period ending on 4th November 2024.

This tender presents significant opportunities for businesses involved in market research and financial advisory services to participate in future similar projects. Companies that specialise in understanding consumer behaviour and providing financial guidance are particularly well-suited for such contracts. As the FCA looks to deeply understand the factors influencing financial decisions during critical life events, businesses offering innovative research methodologies and comprehensive consumer analysis will find valuable opportunities for growth. The contract execution by YouGov, a prominent market research firm, exemplifies the scope and scale of engagement expected from successful bidders in this category.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Consumer Panel Research

Notice Description

Market research to understand what help consumers need or want throughout their lives when making, or considering making, financial decisions. The Financial Services Consumer Panel would like to examine how different life events or "trigger points", influence an individual's decision to seek financial help, whether through financial advice or information and guidance.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2d0c5b61-fd44-4e0b-b947-a5c6ffcea60f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/145f5d28-9063-4dae-bfbc-eff9ceba3581
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79310000 - Market research services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
25 Nov 20241 years ago
Contract Period
2 Dec 2024 - 1 May 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FCA
Contact Name
FCA Procurement
Contact Email
fcaprocurement@fca.org.uk
Contact Phone
0800 111 6768

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

YOUGOV

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-2d0c5b61-fd44-4e0b-b947-a5c6ffcea60f-2024-12-04T10:58:35Z",
    "date": "2024-12-04T10:58:35Z",
    "ocid": "ocds-b5fd17-2d0c5b61-fd44-4e0b-b947-a5c6ffcea60f",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "CF-0017200D8d000009sg5IEAQ",
        "title": "Consumer Panel Research",
        "description": "Market research to understand what help consumers need or want throughout their lives when making, or considering making, financial decisions. The Financial Services Consumer Panel would like to examine how different life events or \"trigger points\", influence an individual's decision to seek financial help, whether through financial advice or information and guidance.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79310000",
            "description": "Market research services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "E20 1JN"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 80000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2024-11-04T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2024-12-02T00:00:00Z",
            "endDate": "2025-05-01T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-264595",
            "name": "FCA",
            "identifier": {
                "legalName": "FCA"
            },
            "address": {
                "streetAddress": "12 Endeavour Square",
                "locality": "London",
                "postalCode": "E20 1JN",
                "countryName": "UK"
            },
            "contactPoint": {
                "name": "FCA Procurement",
                "email": "fcaprocurement@fca.org.uk",
                "telephone": "0800 111 6768"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-68740",
            "name": "YouGov",
            "identifier": {
                "legalName": "YouGov"
            },
            "address": {
                "streetAddress": "50 Featherstone Street, London, EC1Y 8RT"
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-264595",
        "name": "FCA"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-2d0c5b61-fd44-4e0b-b947-a5c6ffcea60f-1",
            "status": "active",
            "date": "2024-11-25T00:00:00Z",
            "datePublished": "2024-12-04T10:58:35Z",
            "value": {
                "amount": 80000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-68740",
                    "name": "YouGov"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-12-02T00:00:00Z",
                "endDate": "2025-05-01T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/145f5d28-9063-4dae-bfbc-eff9ceba3581",
                    "datePublished": "2024-12-04T10:58:35Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}