Tender

The current scale and trajectory of Illegal moneylending in the United Kingdom (UK)

FAIR4ALL FINANCE LIMITED

This public procurement record has 2 releases in its history.

TenderAmendment

11 Jan 2022 at 15:44

Tender Notice
Tender

13 Dec 2021 at 17:07

Tender Notice
Summary of the contracting process

Fair4All Finance Limited is initiating a tender for a comprehensive research report on the scale and trajectory of illegal moneylending in the United Kingdom. The procurement process, classified under research and development consultancy services, is currently in the planning stage with a tender submission deadline set for 28th January 2022. The total value of the contract is £100,000, and the contract period is expected to run from 28th February 2022 to 14th November 2022. The project seeks insights into both traditional and digital forms of illegal moneylending to aid regulatory efforts.

This tender presents a significant opportunity for businesses specialising in research and social analysis services, particularly those with experience in financial sectors. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as the procurement method allows for a direct approach with a single tender action below the threshold. This contract not only aims to address pressing social issues but also provides organisations an avenue to expand their portfolios by contributing valuable insights to the financial services sector.

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Notice Information

Notice Title

The current scale and trajectory of Illegal moneylending in the United Kingdom (UK)

Notice Description

Fair4All Finance is seeking to commission a comprehensive research report into the current scale and trajectory of illegal moneylending (IML) in the UK. We want the research to establish, as precisely as possible, the current volume and value associated with IML in the UK. This will include physical, face to face interactions, and more recent developments in online introductions and transactions conducted digitally. In these scenarios, customers may be duped into thinking the website or introducer is legitimate or preyed upon where they may know or suspect the lender is unauthorised but believe their choices are so limited that they proceed with transactions. Insights from this work, especially understanding the volume and value of illegal moneylending, will be used by Fair4All Finance and partners to inform regulators and the wider financial services sector on how to reduce customers in financially vulnerable circumstances needing to turn to illegal money lenders. The request for proposal document can be found on the Fair4All Finance website.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca81071b-bd3a-4c76-a492-e9d9147b2def
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0c08dd40-a5bc-4b9e-bd6e-d9676e5775d5
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

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

73200000 - Research and development consultancy services

79315000 - Social research services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jan 20224 years ago
Submission Deadline
28 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Feb 2022 - 14 Nov 2022 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FAIR4ALL FINANCE LIMITED
Contact Name
Niall Alexander
Contact Email
niall@fair4allfinance.org.uk
Contact Phone
07799875864

Buyer Location

Locality
LONDON
Postcode
E1 6LS
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
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Spitalfields & Banglatown
Westminster Constituency
Bethnal Green and Stepney

Further Information

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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