Award

Final Nudge Evaluation Support

MONEY ADVICE SERVICE

This public procurement record has 1 release in its history.

Award

03 Jun 2019 at 13:34

Award Notice
Summary of the contracting process

The procurement process is overseen by the Money Advice Service, which is looking for a supplier to provide support for the "Final Nudge Evaluation Support" project. This initiative falls within the research services category, specifically focused on testing the final nudge process related to pensions guidance, as stipulated in the Financial Guidance and Claims Act 2018. The procurement method employed is a further competition via the Crown Commercial Service Behavioural Insights framework, with a contract value of £200,000. The contract period began on 20th May 2019 and will conclude on 31st March 2020. The tender's deadline for submissions was 12th April 2019, taking place in London, United Kingdom.

This contract presents valuable opportunities for businesses specialising in research services, particularly those with experience in behavioural insights and evaluation processes. Small and medium-sized enterprises (SMEs) are encouraged to participate, tapping into the significant market potential within the public sector's advisory services for pensions. Businesses with expertise in providing analytical support and innovative testing methods will find themselves well-positioned to compete for such tenders, hence fostering growth and expanding their service offerings within government projects.

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Notice Information

Notice Title

Final Nudge Evaluation Support

Notice Description

Sections 18 and 19 of the Financial Guidance and Claims Act 2018 set out a requirement for a stronger final nudge towards pensions guidance at the point when a consumer applies to access or transfer their pension savings, so as to make receiving Pension guidance from the Money and Pensions Service (MaPS) the default position. The Act provides a framework with the details of this 'final nudge' left to be worked out. As a result, MaPS is running a project to explore and test different approaches to conducting the final nudge process. The results of this testing will provide an evidence base to assist the FCA and DWP in making rules and regulations. This contract is for a supplier to provide support for this testing and evaluation process.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-81750646-ed48-48bf-aa7c-fdf48483cef6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/170b3d6b-83c4-457e-b52e-9738a999a1e0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Further Competition via the Crown Commercial Service Behavioural Insights framework (RM6004)
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
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
£200,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jun 20196 years ago
Submission Deadline
12 Apr 2019Expired
Future Notice Date
Not specified
Award Date
5 May 20196 years ago
Contract Period
19 May 2019 - 31 Mar 2020 6-12 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
MONEY ADVICE 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
TLI London
Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

BEHAVIOURAL INSIGHTS

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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