Award

Wellbeing Effects Research

FCA

This public procurement record has 1 release in its history.

Award

16 Feb 2024 at 09:28

Summary of the contracting process

The FCA (Financial Conduct Authority) awarded a contract for "Wellbeing Effects Research" to Oxford Economics Limited in London, United Kingdom. The procurement process was completed, with a contract value of £139,320 for market research services. The tender period ended on December 15, 2023, and the contract is active from January 15, 2024, to March 31, 2025.

This tender presents an opportunity for economic consultants with expertise in applying a subjective wellbeing approach to quantify and monetise the economic benefits of regulatory interventions. Businesses in the market research services industry, especially those proficient in cost-benefit analysis and impact evaluations, would be well-suited to compete. The FCA's engagement aims to understand and monetise the impact of interventions on consumer wellbeing, offering a niche yet potentially lucrative market for qualified bidders.

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Notice Title

Wellbeing Effects Research

Notice Description

Engagement of economic consultants with expertise in the area of applying a subjective wellbeing approach to quantifying and monetising the economic benefits of regulatory interventions. The supplier will carry out research to understand the impact of our interventions on consumer wellbeing, and to monetise this impact for use in appraising and evaluating interventions (i.e. cost benefit analysis (CBA), impact evaluations, etc.).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b57310b6-7fa0-441e-a812-3e100fad0557
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2097525b-6e6e-43e1-ac72-925383bb2fd1
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 -
Tender Suitability
Not specified
Awardee Scale
Not specified

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
£139,320 £100K-£500K
Lots Value
Not specified
Awards Value
£139,320 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Feb 20242 years ago
Submission Deadline
15 Dec 2023Expired
Future Notice Date
Not specified
Award Date
4 Jan 20242 years ago
Contract Period
15 Jan 2024 - 31 Mar 2025 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FCA
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
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

OXFORD ECONOMICS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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