Award

IFS Retirement Saving Consortium Contract

MONEY AND PENSIONS SERVICE

This public procurement record has 1 release in its history.

Award

02 Apr 2026 at 14:13

Summary of the contracting process

The Money and Pensions Service, a public body located in Bedford, has completed a procurement process for the “IFS Retirement Saving Consortium Contract.” The contract falls under the services industry category and covers subscription services. The procurement stage was an award, with a limited procedure adopted, bypassing prior publication of a call for competition. The process aimed at securing services from the Institute for Fiscal Studies, with a focus on price as the primary award criterion. This contract, valued at GBP 35,000, was signed on 1st April 2026, and it pertains to the UKH24 region.

This tender offers substantial business growth opportunities for consultancies specialising in fiscal studies and retirement savings. The procurement method favoured SMEs, highlighting the Institute for Fiscal Studies as the successful supplier amid limited competition. Companies operating within the scope of public law governance and those familiar with subscription services in the financial sector would have been well-suited to compete. The contract supports services aligned with general public service objectives, providing a platform for firms to demonstrate expertise in fiscal management. Although the procurement did not have a competitive call, it exemplified tailored routes for services procurement that could benefit strategic business development in related sectors.

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Notice Title

IFS Retirement Saving Consortium Contract

Notice Description

IFS Retirement Saving Consortium report - MaPs share of payment

Lot Information

Lot 1

IFS Retirement Saving Consortium. Additional information: Price per quality point used

Procurement Information

Route 3 undrethreshold

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-067c0f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/031023-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79980000 - Subscription services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£35,000 Under £100K

Notice Dates

Publication Date
2 Apr 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 20263 days 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
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
Post Town
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
TLH24 Bedford

Local Authority
Bedford
Electoral Ward
Cauldwell
Westminster Constituency
Bedford

Supplier Information

Number of Suppliers
1
Supplier Name

INSTITUTE FOR FISCAL STUDIES

Further Information

Open Contracting Data Standard (OCDS)

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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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