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Critical review of NS&I's forecasting processes

NS&I

This public procurement record has 1 release in its history.

Award

19 Aug 2024 at 17:32

Award Notice
Summary of the contracting process

NS&I has awarded a contract for a critical review of its forecasting processes, specifically examining current data sources and the reliance on historical data for future modelling. The procurement process, classified under Business and management consultancy and related services (CPV code 79400000), was conducted using a selective procurement method through a call-off from a framework agreement. The contract, spanning from 6th August 2024 to 16th September 2024, was awarded to PricewaterhouseCoopers LLP. Key locations for this contract include London (SW1P 3BT), England, and Yorkshire and the Humber, United Kingdom. The tender reached the award stage on 24th May 2024, with all relevant information published on 19th August 2024.

This tender presents a significant opportunity for businesses specialising in business and management consultancy, particularly those with expertise in forecasting and data analysis. The project’s scope, focusing on enhancing NS&I's predictive capabilities, makes it an appealing venture for firms looking to establish or expand their public sector consultancy services. Although the current contract does not specify suitability for SMEs or VCSEs, large consultancy firms with a proven track record in financial management and strategic consulting are well-suited to similar future opportunities within NS&I or other governmental bodies.

How relevant is this notice?

Notice Information

Notice Title

Critical review of NS&I's forecasting processes

Notice Description

****Contract Awarded**** NS&I would like to instruct an external organisation to complete a review of how NS&I forecasting is conducted, with a specific focus on the current data sources and reliance on historical data to model the future.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d2055c4-026b-4ade-9309-a225dbaf1b2a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/acefba9d-89f3-4b9f-a193-70ef1bc32b44
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
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

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

79413000 - Marketing management consultancy services

79414000 - Human resources management consultancy services

79415000 - Production management consultancy services

79415200 - Design consultancy services

79416000 - Public relations services

79416100 - Public relations management services

79416200 - Public relations consultancy services

79417000 - Safety consultancy services

79418000 - Procurement consultancy services

79419000 - Evaluation consultancy services

79420000 - Management-related services

79421000 - Project-management services other than for construction work

79421100 - Project-supervision services other than for construction work

79421200 - Project-design services other than for construction work

79422000 - Arbitration and conciliation services

79430000 - Crisis management services

Notice Value(s)

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

Notice Dates

Publication Date
19 Aug 20242 years ago
Submission Deadline
9 May 2024Expired
Future Notice Date
Not specified
Award Date
24 May 20242 years ago
Contract Period
6 Aug 2024 - 16 Sep 2024 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
SW1P 3BT
Postcode Area
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
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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