Award

Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale

MONEY AND PENSIONS SERVICE

This public procurement record has 3 releases in its history.

Award

29 Nov 2021 at 07:04

TenderAmendment

22 Aug 2021 at 12:24

Tender

20 Aug 2021 at 09:17

Summary of the contracting process

The Money and Pensions Service, based in London, has completed the procurement process for the tender titled "Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale." This initiative falls under the research services category, with a contract value of £69,250. The tender process was conducted through an open procedure, which included a tender period that ended on 21 September 2021. The contract period is set from 26 November 2021 to 31 March 2022, aiming to enhance financial education for children across the UK.

This tender provides opportunities for businesses engaged in educational research and development, particularly those focusing on early childhood education and financial literacy. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-positioned to compete, as the project seeks innovative approaches to assess and measure financial skills among young children. Companies that can demonstrate expertise in child psychology, educational content creation, or educational assessment methodologies may find significant avenues for growth through this contract.

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Notice Title

Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale

Notice Description

As part of the Money and Pensions Service's (MaPS) strategic function, MasPS works with partners across the UK to improve the provision of financial education for children and young people. MaPS funds the delivery of financial education programs across the UK to test and promote what works to improve children and young people's financial wellbeing. MaPS requires a supplier to assist finding a model for the assessment and measurement of financial capability and 'meaningful financial education' in children aged between four to six years. This project will help to develop questions to measure financial capability in this age group, which will lead onto MaPS being able to commission work to measure at scale in this age group. The results of this work will help MaPS make the case for the importance of starting young on the journey to financial wellbeing and target further interventions and programs to improve financial capability to those children most in need in this age group.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d12fd351-b034-4ca7-947e-aaa9e74bcb0a
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£69,250 Under £100K
Lots Value
Not specified
Awards Value
£69,250 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Nov 20214 years ago
Submission Deadline
21 Sep 2021Expired
Future Notice Date
Not specified
Award Date
26 Nov 20214 years ago
Contract Period
26 Nov 2021 - 31 Mar 2022 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
MONEY AND PENSIONS SERVICE
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
EC1N 2TD
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

LOUGHBOROUGH UNIVERSITY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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