Award

Financial Wellbeing Barometer

MONEY AND PENSIONS SERVICE

This public procurement record has 2 releases in its history.

Award

26 May 2022 at 07:57

Tender

22 Feb 2022 at 22:45

Summary of the contracting process

The Money and Pensions Service (MaPS) has completed a procurement process for the "Financial Wellbeing Barometer" project, classified under research services within the services industry. This open tender process took place in the UK, with a contract value of £166,125 awarded to Ernst & Young LLP. The contract was signed on 25 May 2022, following a bid opening on 21 March 2022. The aim of the initiative was to create a comprehensive review and feasibility study for a digital portal that will host the Financial Wellbeing Barometer, addressing key aspects of financial wellbeing as defined by the National Strategy.

This tender represents a significant opportunity for businesses in the research and digital services sectors, particularly those specialising in economic analysis, data management, and software development for financial services. Companies with the strategic capability to contribute to building and implementing comprehensive digital solutions for monitoring financial wellbeing will be well-positioned to compete in future similar tenders or projects initiated by MaPS and related organisations.

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Notice Title

Financial Wellbeing Barometer

Notice Description

The Money and Pensions Service (MaPS) wishes to appoint an agency to help MaPS build the most comprehensive review of the Financial Wellbeing Barpmeter and to undertake a feasibility study with a deliverable roadmap to creating a digital portal capable of hosting the Barometer.

Lot Information

Lot 1

The Financial Wellbeing Barometer will provide a dynamic method of monitoring the status of financial wellbeing - as defined by the five 'Agendas for Change' in the National Strategy (financial foundations, nation of savers, credit counts, better debt advice and future focus). Therefore The Money and Pensions Service (MaPS) wishes to appoint an agency to help MaPS build the most comprehensive review of this initiative and to undertake a feasibility study with a deliverable roadmap to creating a digital portal capable of hosting the Barometer. MaPS wishes to understand how we would establish this initiative in the marketplace and to comprehend how the data sources would be acquired and implemented according to MaPS's requirements and those of our financial wellbeing partners.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-031a35
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014702-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£166,125 £100K-£500K

Notice Dates

Publication Date
26 May 20223 years ago
Submission Deadline
18 Mar 2022Expired
Future Notice Date
Not specified
Award Date
24 May 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
Contact Name
Not specified
Contact Email
david.hughes@maps.org.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC1N 2TD
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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