Award

Financial Wellbeing Barometer

MONEY AND PENSIONS SERVICE

This public procurement record has 2 releases in its history.

Award

26 May 2022 at 07:50

Tender

22 Feb 2022 at 10:24

Summary of the contracting process

The Money and Pensions Service (MaPS) is currently engaged in an active procurement titled "Financial Wellbeing Barometer," aimed at enhancing financial wellbeing monitoring. This initiative falls within the research services sector and is located in London, England. The procurement process involves an open procedure that is above the financial threshold, with the contract period starting on 26th May 2022 and concluding on 30th November 2022. A significant budget of £166,125 has been allocated for this contract, which had its tender period close on 21st March 2022.

This contract presents substantial growth opportunities for businesses involved in research services, particularly those with expertise in developing digital platforms and conducting feasibility studies. Small and medium-sized enterprises (SMEs) will find this tender particularly suited for their capabilities, as it invites innovative solutions for creating a comprehensive financial wellbeing initiative. Interested parties should note that participation may necessitate registration on the MaPS eProcurement Portal to access all relevant documentation and to register their interest.

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Notice Title

Financial Wellbeing Barometer

Notice Description

The Financial Wellbeing Barometer will provide a dynamic method of monitoring the status of financial wellbeing - as defined by the five 'Agendas for Change' in the National Strategy (financial foundations, nation of savers, credit counts, better debt advice and future focus). Therefore The Money and Pensions Service (MaPS) wishes to appoint an agency to help MaPS build the most comprehensive review of this initiative and to undertake a feasibility study with a deliverable roadmap to creating a digital portal capable of hosting the Barometer. MaPS wishes to understand how we would establish this initiative in the marketplace and to comprehend how the data sources would be acquired and implemented according to MaPSs requirements and those of our financial wellbeing partners.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67e66bfb-e7b6-4b71-bc74-f6c030d05f2b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2ad51cbf-5010-412a-a4bd-e725e89e7c76
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 (above threshold)
Tender Suitability
SME
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
£166,125 £100K-£500K
Lots Value
Not specified
Awards Value
£166,125 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 May 20223 years ago
Submission Deadline
21 Mar 2022Expired
Future Notice Date
Not specified
Award Date
1 May 20223 years ago
Contract Period
25 May 2022 - 30 Nov 2022 6-12 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
Not specified
Contact Email
david.hughes@maps.org.uk
Contact Phone
Not specified

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

ERNST & YOUNG

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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