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Benefits Calculator

MONEY AND PENSIONS SERVICE

This public procurement record has 5 releases in its history.

Award

09 May 2025 at 13:24

Award Notice
TenderUpdate

06 Jan 2025 at 13:36

Tender Notice
Tender

06 Jan 2025 at 12:20

Tender Notice
TenderUpdate

08 Jul 2024 at 14:35

Tender Notice
Planning

08 Jul 2024 at 13:14

Planning Notice
Summary of the contracting process

The Money and Pensions Service (MaPS), a public body governed by law in the United Kingdom, has completed its procurement process for a "Benefits Calculator" tool, classified under IT services such as consulting, software development, and support. This procurement seeks to enhance the MoneyHelper platform by embedding a two-stage benefits calculator to provide users with initial entitlement estimates and more comprehensive calculations. The contract was awarded to Investment Solver Ltd, trading as InBest, following an open procedure under the Public Contracts Regulations 2015, with a focus on the most economically advantageous tender. The award phase concluded on 6 May 2025, and the contract commenced shortly after, including a provision for a three-year term with an optional 12-month extension. The contract was valued at £30,004 and it encompasses criteria emphasizing quality, social value, and price.

This tender presents significant growth opportunities for businesses specializing in IT services, particularly those capable of delivering innovative software solutions within a structured procurement framework. Companies offering expertise in benefits calculation, digital user interface customisation, and integration with existing platforms are well-suited to compete in such tenders. The involvement of small and medium-sized enterprises is encouraged, as reflected by the award to an SME, Investment Solver Ltd. Engaging in tenders like this can expand business networks within the public sector, enhance credibility through association with respected organizations like MaPS, and increase market visibility, particularly for IT service providers looking to penetrate or expand in the public procurement landscape.

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Notice Information

Notice Title

Benefits Calculator

Notice Description

Money and Pensions Service's (MaPS) MoneyHelper has been testing a two-stage benefits calculator where the public first receive an estimate of their potential entitlements before moving on to a more detailed calculation. MaPS procured a white-labelled tool with support and maintenance for an initial period of 3 years with the option of a further 12 months.

Lot Information

Lot 1

The procurement was concluded under the PCR2015 regulations. The contracting authority awarded the contract based on the most economically advantageous tender (MEAT) with a weighting split of 70% Quality, 10% Social Value and 20% Price. The contract has 6 KPIs. Following the voluntary standstill period, the contract started on 6 May 2025.

Options: The contract term is for 36 months with an option to extend for a further 12 months.

Renewal: 12 months optional extension period

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047b8e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020069-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

Notice Value(s)

Tender Value
£125,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£30,004 Under £100K

Notice Dates

Publication Date
9 May 20251 years ago
Submission Deadline
20 Jan 2025Expired
Future Notice Date
15 Sep 2024Expired
Award Date
5 May 20251 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MONEY AND PENSIONS SERVICE
Additional Buyers

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
BEDFORD
Postcode
MK42 9AB
Postcode Area
Milton Keynes
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH24 Bedford
Delivery Location
Not specified
Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

Investment Solver Ltd t/a InBest

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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