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Guaranteed Income and Income Drawdown Tools

Money and Pensions Service

This public procurement record has 1 release in its history.

AwardUpdate

04 Oct 2022 at 15:22

Award Notice
Summary of the contracting process

The Money and Pensions Service has awarded a contract for the provision of online tools related to annuities, investment pathways, and data services. The contract, titled "Guaranteed Income and Income Drawdown Tools," falls under the services category. Defaqto Ltd is the active supplier for this contract, with a value of £1,580,980.64. The contract was signed on 11th October 2018 and is valid until 10th October 2023, with a contract period duration of 1440 days. The procurement method was through a tender initiated under the legal basis ID 32014L0024.

This tender for the provision of income-related tools by the Money and Pensions Service presents opportunities for businesses in the IT services sector, particularly those offering consulting, software development, and support services. Companies specializing in data conversion and collection services may find this tender suitable for potential competition. The emphasis on online tools and services underlines the importance of digital solutions in the public procurement sector. Businesses looking to expand their portfolio in the UK market should consider engaging with the Money and Pensions Service for future contracting opportunities.

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Notice Information

Notice Title

Guaranteed Income and Income Drawdown Tools

Notice Description

Lot Information

Lot 1

The Money and Pensions Service requires the continued service provision of its existing online tools: - the Annuities tool (previously named Guaranteed Income Products) - comparison table, and - the Investment Pathways tool (previously named income drawdown comparison tool) This service must include the data provision.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0372e7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027871-2022
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
Not specified
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

72311100 - Data conversion services

72314000 - Data collection and collation services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,580,980 £1M-£10M

Notice Dates

Publication Date
4 Oct 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
11 Oct 20187 years ago
Contract Period
11 Oct 2022 - 10 Oct 2023 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Money and Pensions Service
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
EC1N 2TD
Postcode Area
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

Defaqto Ltd

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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