Planning

Data Sources for the UK's Flow of Funds

OFFICE FOR NATIONAL STATISTICS

This public procurement record has 2 releases in its history.

Planning

24 Jan 2018 at 13:24

Market Engagement Notice
Planning

18 Nov 2016 at 20:17

Market Engagement Notice
Summary of the contracting process

The Office for National Statistics (ONS) in Wales is currently in the planning stage for a procurement process titled "Data Sources for the UK's Flow of Funds." This initiative aims to enhance the quality and granularity of the UK's financial statistics, ensuring detailed and robust data is available for policymakers and analysts. Key dates include the engagement end date on 23rd February 2018, with the procurement primarily classified under database systems and related data services.

This tender presents significant opportunities for businesses specialising in data collection, analysis, and management, particularly those that can provide comprehensive record-level data on financial transactions and balances. Companies involved in sectors such as financial services, data analytics, and statistical research would be well-suited to compete for this contract, as the ONS seeks partnerships to improve the UK's financial insights and statistical capabilities.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Data Sources for the UK's Flow of Funds

Notice Description

BACKGROUND The Office for National Statistics (ONS), working in partnership with the Bank of England, has ambitious plans to transform our economic statistics over the coming years, informed by our Economic Statistics and Analysis Strategy and with the aim of increasing the robustness and quality of UK economic statistics. A key element of our transformation work is the development of enhanced financial statistics - in particular more detailed "flow of funds" statistics - to meet evolving user needs. It is of particular importance to the UK, with its large and international financial sector, that good quality, detailed financial statistics are available to drive the robust analyses required by policymakers, economists and market analysts. Counterparty information ("whom-to-whom" statistics) on balance sheets (stocks) and transactions (the "flow of funds") are a particular requirement. Two of the main objectives for the UK's enhanced financial accounts are to improve the quality, coverage and granularity of the UK's financial accounts, including whom-to-whom statistics, and to improve our flexibility to meet new or ad hoc demands for financial statistics in the future, preferably through the use of rich, record-level data sets. This allows much greater flexibility to evolving requirements for granularity than surveys do, as new breakdowns can be created from different cuts of the same data. SCOPE We are looking for data we can compile into our quarterly, annual and ad hoc financial statistics which are published on a non-disclosive basis i.e. do not allow for individuals (people or organisations') to be identified. Our preference is to receive record-level data and we need clear explanations of both the source of the data and any methodology used in the production of the data. The areas we are interested in include: * balance sheet levels; * transactions and income from securities (debt securities, equity, investment fund shares / units) and; * loans and alternative finance, such as peer-to-peer lending. Data collected from this tender will be used for the purpose of producing aggregate statistics and for statistical research. The ONS have a defined set of policies on the collection and storage of data, ensuring its use is in a secure environment. Further information on ONS's data policies and security policies can be found on the ONS website. USES OF FLOW OF FUNDS Flow of funds statistics have a wide range of analytical applications, in addition to assisting with the assessment of financial stability. If suitable data sources are found, other uses for flow of funds could include improving our understanding of: * market sectors, for example the size of the unsecured loans market; * how businesses fund investment in financial and non-financial assets; * the impact of changes in credit conditions; * shadow banking and alternative finance; * trends in growth of, for example, hedge funds, peer-to-peer lending. Additional information: Please ensure that you register on both Event Brite and In-tend if you are interested in this event.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f1dc9f0c-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/686752a0-c666-4c5f-bc22-f7e638cb9880
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

64 - Postal and telecommunications services

72 - IT services: consulting, software development, Internet and support

CPV Codes

48610000 - Database systems

64216000 - Electronic message and information services

72300000 - Data services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jan 20188 years ago
Submission Deadline
Not specified
Future Notice Date
23 Feb 2018Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFFICE FOR NATIONAL STATISTICS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWPORT
Postcode
NP10 8XG
Post Town
Newport
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
TLL Wales
Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-f1dc9f0c-adc9-11e6-9901-0019b9f3037b-2018-01-24T13:24:50Z",
    "date": "2018-01-24T13:24:50Z",
    "ocid": "ocds-b5fd17-f1dc9f0c-adc9-11e6-9901-0019b9f3037b",
    "language": "en",
    "initiationType": "tender",
    "title": "Data Sources for the UK's Flow of Funds",
    "planning": {
        "milestones": [
            {
                "id": "1",
                "title": "Engagement end date",
                "type": "engagement",
                "dueDate": "2018-02-23T23:59:59Z"
            }
        ],
        "documents": [
            {
                "id": "1",
                "documentType": "marketEngagementNotice",
                "description": "Early engagement notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/f3bc98ff-0873-41fe-ad34-b6ed0a830247",
                "datePublished": "2016-07-27T13:28:21+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
                "description": "Market Engagement Day - August 17th",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/b59f359a-7645-4f3c-8c1a-5a558803e44e",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            },
            {
                "id": "3",
                "documentType": "tenderNotice",
                "description": "In-tend supplier registration",
                "url": "https://in-tendhost.co.uk/ons"
            },
            {
                "id": "4",
                "documentType": "tenderNotice",
                "description": "Event Brite Booking",
                "url": "https://www.eventbrite.co.uk/e/data-sources-for-the-uks-flow-of-funds-statistics-market-engagement-event-tickets-26718838766?aff=es2"
            },
            {
                "id": "5",
                "documentType": "tenderNotice",
                "description": "Economic Statistics and Analysis Strategy",
                "url": "https://www.ons.gov.uk/aboutus/whatwedo/statistics/consultationsandsurveys/allconsultationsandsurveys/economicstatisticsandanalysisstrategy"
            },
            {
                "id": "6",
                "documentType": "marketEngagementNotice",
                "description": "Early engagement notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/686752a0-c666-4c5f-bc22-f7e638cb9880",
                "datePublished": "2018-01-24T13:24:50Z",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "7",
                "documentType": "application/vnd.openxmlformats-officedocument.wordprocessingml.document",
                "description": "Market Engagement Day - August 17th",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/3e59f50d-9690-4c51-bb18-aeeb0900a0be",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            }
        ]
    },
    "tender": {
        "id": "PU-17/0073",
        "title": "Data Sources for the UK's Flow of Funds",
        "description": "BACKGROUND The Office for National Statistics (ONS), working in partnership with the Bank of England, has ambitious plans to transform our economic statistics over the coming years, informed by our Economic Statistics and Analysis Strategy and with the aim of increasing the robustness and quality of UK economic statistics. A key element of our transformation work is the development of enhanced financial statistics - in particular more detailed \"flow of funds\" statistics - to meet evolving user needs. It is of particular importance to the UK, with its large and international financial sector, that good quality, detailed financial statistics are available to drive the robust analyses required by policymakers, economists and market analysts. Counterparty information (\"whom-to-whom\" statistics) on balance sheets (stocks) and transactions (the \"flow of funds\") are a particular requirement. Two of the main objectives for the UK's enhanced financial accounts are to improve the quality, coverage and granularity of the UK's financial accounts, including whom-to-whom statistics, and to improve our flexibility to meet new or ad hoc demands for financial statistics in the future, preferably through the use of rich, record-level data sets. This allows much greater flexibility to evolving requirements for granularity than surveys do, as new breakdowns can be created from different cuts of the same data. SCOPE We are looking for data we can compile into our quarterly, annual and ad hoc financial statistics which are published on a non-disclosive basis i.e. do not allow for individuals (people or organisations') to be identified. Our preference is to receive record-level data and we need clear explanations of both the source of the data and any methodology used in the production of the data. The areas we are interested in include: * balance sheet levels; * transactions and income from securities (debt securities, equity, investment fund shares / units) and; * loans and alternative finance, such as peer-to-peer lending. Data collected from this tender will be used for the purpose of producing aggregate statistics and for statistical research. The ONS have a defined set of policies on the collection and storage of data, ensuring its use is in a secure environment. Further information on ONS's data policies and security policies can be found on the ONS website. USES OF FLOW OF FUNDS Flow of funds statistics have a wide range of analytical applications, in addition to assisting with the assessment of financial stability. If suitable data sources are found, other uses for flow of funds could include improving our understanding of: * market sectors, for example the size of the unsecured loans market; * how businesses fund investment in financial and non-financial assets; * the impact of changes in credit conditions; * shadow banking and alternative finance; * trends in growth of, for example, hedge funds, peer-to-peer lending. Additional information: Please ensure that you register on both Event Brite and In-tend if you are interested in this event.",
        "status": "cancelled",
        "classification": {
            "scheme": "CPV",
            "id": "48610000",
            "description": "Database systems"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "64216000",
                "description": "Electronic message and information services"
            },
            {
                "scheme": "CPV",
                "id": "72300000",
                "description": "Data services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "Wales",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "Wales",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "suitability": {
            "sme": false,
            "vcse": false
        }
    },
    "parties": [
        {
            "id": "GB-GOR-D303",
            "name": "Office for National Statistics",
            "identifier": {
                "legalName": "Office for National Statistics",
                "scheme": "GB-GOR",
                "id": "D303"
            },
            "address": {
                "streetAddress": "Office for National Statistics, Government Buildings, Cardiff Road",
                "locality": "Newport",
                "postalCode": "NP10 8XG",
                "countryName": "Wales"
            },
            "contactPoint": {
                "name": "Joanne Lao",
                "email": "joanne.lao@ons.gov.uk",
                "telephone": "01633 456572"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-GOR-D303",
        "name": "Office for National Statistics"
    }
}