Award

Retail Banks Compliance Research

COMPETITION AND MARKETS AUTHORITY

This public procurement record has 1 release in its history.

Award

17 Aug 2019 at 16:58

Summary of the contracting process

The Competition and Markets Authority (CMA) has recently awarded a tender titled "Retail Banks Compliance Research", which pertains to the research services industry. This initiative focuses on ensuring that 21 retail banks in Great Britain and Northern Ireland are compliant with regulations regarding the display of independent customer survey results in their branches. The procurement process, classified as a selective method and conducted through a framework agreement, was completed with a total contract value of £46,650. The contract period spans from 20th May 2019 to 30th September 2019, and the key contact for this tender is CMA located in London.

This tender presents significant opportunities for businesses specialising in market research services, particularly those that offer expertise in compliance assessment and "mystery shopping" techniques. Small and medium-sized enterprises (SMEs) stand to benefit from participating in such research contracts, as the nature of the work aligns well with their capabilities. The competitive environment could enable SMEs to establish or enhance their relationships within the financial services sector, paving the way for future contracts and growth opportunities.

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Notice Title

Retail Banks Compliance Research

Notice Description

The Competition and Markets Authority (CMA) has ordered 21 retail banks across GB and Northern Ireland to display prominently in all their bricks and mortar branches the results of independent customer surveys of service quality. The CMA is now commissioning compliance research i.e. 'mystery shopping' in a sample of branches of each of these banks to ensure compliance with the Order.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-978cd632-5c26-4176-b45d-e4f472b969b9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7e72095c-aa70-4ffe-855e-d7bde8997d7f
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

73110000 - Research services

79310000 - Market research services

Notice Value(s)

Tender Value
£46,650 Under £100K
Lots Value
Not specified
Awards Value
£46,650 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20196 years ago
Submission Deadline
9 Apr 2019Expired
Future Notice Date
Not specified
Award Date
14 May 20196 years ago
Contract Period
19 May 2019 - 30 Sep 2019 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
COMPETITION AND MARKETS AUTHORITY
Contact Name
Not specified
Contact Email
commercial@cma.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4QZ
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

IPSOS MORI

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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