---
title: "Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale"
ocid: "ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "MONEY AND PENSIONS SERVICE"
published: "2021-11-29"
---

# Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale

Buyer: MONEY AND PENSIONS SERVICE  
Current stage: Award  
OCID: ocds-b5fd17-54fad54f-a289-4f94-a7c5-8030d9fa077f

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## Summary

The Money and Pensions Service, based in London, has completed the procurement process for the tender titled "Measuring Financial Capability of Children Aged 4-6: Testing at Small Scale." This initiative falls under the research services category, with a contract value of £69,250. The tender process was conducted through an open procedure, which included a tender period that ended on 21 September 2021. The contract period is set from 26 November 2021 to 31 March 2022, aiming to enhance financial education for children across the UK.

This tender provides opportunities for businesses engaged in educational research and development, particularly those focusing on early childhood education and financial literacy. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be well-positioned to compete, as the project seeks innovative approaches to assess and measure financial skills among young children. Companies that can demonstrate expertise in child psychology, educational content creation, or educational assessment methodologies may find significant avenues for growth through this contract.

## Notice

As part of the Money and Pensions Service's (MaPS) strategic function, MasPS works with partners across the UK to improve the provision of financial education for children and young people. MaPS funds the delivery of financial education programs across the UK to test and promote what works to improve children and young people's financial wellbeing. MaPS requires a supplier to assist finding a model for the assessment and measurement of financial capability and 'meaningful financial education' in children aged between four to six years. This project will help to develop questions to measure financial capability in this age group, which will lead onto MaPS being able to commission work to measure at scale in this age group. The results of this work will help MaPS make the case for the importance of starting young on the journey to financial wellbeing and target further interventions and programs to improve financial capability to those children most in need in this age group.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d12fd351-b034-4ca7-947e-aaa9e74bcb0a |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Nov 2021 |
| Submission deadline | 21 Sep 2021 |
| Future notice date | Not specified |
| Award date | 26 Nov 2021 |
| Contract period | 26 Nov 2021 - 31 Mar 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £69,250 |
| Lots value | Not specified |
| Awards value | £69,250 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | MONEY AND PENSIONS SERVICE |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC1N 2TD |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI36 Camden |
| Local authority | Camden |
| Electoral ward | Holborn & Covent Garden |
| Westminster constituency | Holborn and St Pancras |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LOUGHBOROUGH UNIVERSITY |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73110000 - Research services

## Release History

- 29 Nov 2021 at 07:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d12fd351-b034-4ca7-947e-aaa9e74bcb0a
- 22 Aug 2021 at 12:24 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f243b228-f37e-41ac-8f7a-99e7f6730d99
- 20 Aug 2021 at 09:17 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f243b228-f37e-41ac-8f7a-99e7f6730d99

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d12fd351-b034-4ca7-947e-aaa9e74bcb0a
  29th November 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/f243b228-f37e-41ac-8f7a-99e7f6730d99
  22nd August 2021 - Opportunity notice on Contracts Finder
- https://maps.app.jaggaer.com/
  MaPS eProcurement Portal

## Provenance

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