Award

Quantitative Tracker Data on Savings and Investment Behaviour

NATIONAL SAVINGS & INVESTMENTS

This public procurement record has 2 releases in its history.

Award

27 Jul 2018 at 17:00

Award Notice
Tender

20 Dec 2017 at 15:16

Tender Notice
Summary of the contracting process

The National Savings & Investments (NS&I) is conducting an open tender (below threshold) for a contract titled "Quantitative Tracker Data on Savings and Investment Behaviour," relevant to market research services within the financial services industry. The procurement process is currently in the Award stage, with the contract period set to commence on 1st April 2018 and conclude on 31st March 2019. Responses to the tender were due by noon on 26th January 2018, and the total value of the contract is £70,000, with the survey needing to be representative of the UK or GB adult population.

This tender presents a significant opportunity for businesses specialising in market research, particularly those capable of conducting large-scale surveys and data analysis. Companies with robust methodologies for collecting and interpreting data, especially in the financial services sector, would be well-positioned to compete. This could include small and medium-sized enterprises (SMEs) that offer innovative approaches to data collection and analytics, enabling NS&I to make informed business decisions based on reliable insights into consumer behaviours and market trends.

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Notice Information

Notice Title

Quantitative Tracker Data on Savings and Investment Behaviour

Notice Description

NS&I is looking to subscribe to an ongoing monthly large scale survey that is representative of the UK or GB adult population. The survey needs to provide the following types of information:Ownership of savings and investments products (e.g. type, value, volume, brand) separate to other financial holdings; Purchase behaviours around savings and investment products (e.g. why purchased, channel of purchase, product purchased, value, volume, brand); Channel usage (i.e. for purchase and management of savings and investment products); Brand share estimates for savings and investment products by value and volume; Behavioural information in relation to savings and investment products (e.g. switching products and/or provider, subsequent deposits); and Demographics including tax status. The survey needs to be an established survey as access to back data and trends is required. It is also important that the survey covers the NS&I brand and product range; with there being a requirement for 12 months back data on NS&I products, values held and tax status. The sampling needs to be robust and representative of UK/GB adult population as the information will not only be used in various day-to-day business decisions but also inform pricing decisions, support business cases and inform various business strategies. Because of this the provision of data also needs to be reliable. It is also important that the survey or data is sustainable going forward as NS&I needs to be assured that it doesn't find itself without key data that it needs. NS&I also want to be able to have easy access to the data so that they can interrogate it themselves as needed. However, it is equally important that the provider is able to interrogate the data on NS&I's behalf and respond within a reasonable timeframe. NS&I will also require at least one yearly face-to-face presentation of key data and trends that give additional insight into the savings and investment market. There is also a requirement for quarterly updates on consumers savings and investment behaviour in the form of a slide pack or similar. It is essential that the lag between data collection and its availability is as small as feasible. Additional information: For further information and to register your interest in this opportunity please visit the NS&I e-sourcing portal: https://nsandi.eu-supply.com/login.asp?B=NSANDI and click on 'Current Tender Opportunities". Please note the deadline for receipt of responses is noon on 26th January 2018. All communications regarding this tender must be communicated via the NS&I e-sourcing portal: https://nsandi.eu-supply.com/login.asp?B=NSANDI

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8b24d13c-e8c2-4b06-9b11-35cebade86da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/00147daa-975e-4b90-b749-7a6314e50f38
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
Awardee Scale
Large

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
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£75,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20187 years ago
Submission Deadline
26 Jan 2018Expired
Future Notice Date
Not specified
Award Date
25 Mar 20187 years ago
Contract Period
31 Mar 2018 - 31 Mar 2019 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
NATIONAL SAVINGS & INVESTMENTS
Contact Name
Not specified
Contact Email
malcolm.edwards@nsandi.com
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1V 2QX
Post Town
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
TLI London
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GFK

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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