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Longitudinal Study on Debt Advice

Money and Pensions Service

This public procurement record has 1 release in its history.

Planning

01 Feb 2023 at 11:24

Planning Notice
Summary of the contracting process

The Money and Pensions Service (MaPS) is planning a procurement process for a "Longitudinal Study on Debt Advice" in the services industry category. The study aims to measure the impact of debt advice on client outcomes through a two-phase quantitative longitudinal study. MaPS will engage interested bidders in a market engagement session scheduled for 22nd February 2023. The estimated value of the contract is £1,500,000, with a future notice date set for 30th April 2023.

This tender presents an opportunity for businesses to participate in groundbreaking research on debt advice, focusing on understanding the causal relationship between debt advice and financial wellbeing indicators. Businesses with capabilities in research services and a commitment to long-term projects would be well-suited to compete in this procurement. The procurement stage is currently in the planning phase, with a focus on developing methodologies for the longitudinal study, which will provide valuable insights for the debt advice sector.

How relevant is this notice?

Notice Information

Notice Title

Longitudinal Study on Debt Advice

Notice Description

MaPS published the results from a two-year quantitative pilot longitudinal study (PLS) of debt advice in October 2022. The pilot has demonstrated solid evidence that doing a large-scale longitudinal study successfully is feasible and likely to produce valuable insight. The reports, including pilot methodology and test of the key parameters, can be found at this link Understanding the long-term impact of debt advice. Given the encouraging results, MaPS wants to undertake a two-phase quantitative longitudinal study to measure the impact of debt advice on client outcomes. The design includes a randomised encouragement component by using a stratified random process to create a counterfactual group, where a treatment group is encouraged to seek debt advice, and a control group is not. There are two main changes from the PLS. 1) The criteria used by MaPS to define people in need of debt advice have changed. From previous surveys, we estimate that the old and new definitions of people in need of advice will provide a similar eligibility rate but that will be tested in the first phase of the study. 2) We have a new design and structure to be used for the randomise encouragement component. Also, to be tested and improved in the development phase. MaPS will facilitate a session to engage interested bidders on this workstream. This will take place on 22nd February 2023 over MS Teams. To register your interest to attend this market engagement session please send an email to : commercial@maps.org.uk

Lot Information

Lot 1

Longitudinal study on debt advice clients High-level objectives are the following: Phase 1 * to successfully run the developing phase, recruit participants online in need of debt advice; * create the experimental allocation (using a stratified random process); * evaluate the encouragement design aimed at creating a robust counterfactual group; and * calibrate the key parameters (such as eligibility, attrition and response rate) for the large scale longitudinal. Phase 2 * to successfully run a large-scale randomised encouragement design longitudinal study; * create the experimental allocation (using a stratified random process); * successfully implement the encouragement design; * to keep comparable and sizeable treatment and control groups during the duration of the project over four waves; and * to measure the impact of debt advice on improving the outcomes of people. Insight: * to understand the causality of debt advice has with debt and wider financial well-being indicators within the debt journey over the short, medium and long term. This includes analysing complex journeys into and out of debt over time and the causes; * to identify the immediate effects of receiving debt advice, the sustainability of the solutions and the long-term consequences of clients' decisions; and * to identify what works and what doesn't work to increase motivation for advice seeking behaviour, which is one of the most challenging objectives in the debt advice sector. Additional information: This is not a tender, this is a prior information notice for an upcoming opportunity.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03a1e0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003077-2023
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

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
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
1 Feb 20233 years ago
Submission Deadline
Not specified
Future Notice Date
30 Apr 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

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

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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