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Published 22 Feb 2022, 22:45 GMT

Official UK procurement notice

Financial Wellbeing Barometer · UK public procurement notice

Official notice

Authority: MONEY AND PENSIONS SERVICE (Central government)

ServicesOpen procedure
Sectors: Research & Development (R&D) (73) Delivery: UK
Published estimate£200,000exc. VAT16.9% below published estimate
Submissions closed 18 Mar 2022awarded 25 May 2022
Awarded to Ernst and Young LLP

What is being bought

Published requirement description

The Money and Pensions Service (MaPS) wishes to appoint an agency to help MaPS build the most comprehensive review of the Financial Wellbeing Barpmeter and to undertake a feasibility study with a deliverable roadmap to creating a digital portal capable of hosting the Barometer.

CPV: Research services

The lotProcurement structure

single lot · no lot value published
Lot #1The Financial Wellbeing Barometer will provide a dynamic method of monitoring the…Awarded

The Financial Wellbeing Barometer will provide a dynamic method of monitoring the status of financial wellbeing – as defined by the five ‘Agendas for Change’ in the National Strategy (financial foundations, nation of savers, credit counts, better debt advice and future focus). Therefore The Money and Pensions Service (MaPS) wishes to appoint an agency to help MaPS build the most comprehensive review of this initiative and to undertake a feasibility study with a deliverable roadmap to creating a digital portal capable of hosting the Barometer. MaPS wishes to understand how we would establish this initiative in the marketplace and to comprehend how the data sources would be acquired and implemented according to MaPS's requirements and those of our financial wellbeing partners.

Delivery: UK
Variant bids: not allowed

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 70%Price: 30%
Published award criteria (2)
  • Quality: 70
  • Price: 30
What this means for your bid
  • Price carries 30 of 100 points: a 10% discount moves about 3 points. The method statement decides this lot, not the discount.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category
Services
Notice status
Awarded
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
22 Feb 2022, 22:45 GMT
Last source update
26 May 2022, 08:57 BST
Award evaluation window
21 Mar 2022 – …
Authority reference
22-01C
FTS notice number
2022/S 000-014702
Classification (CPV)
Research services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-031a35 Find a Tender

How it was run

Official notice
Run through: Jaggaer · Who buys & how to bid on JAGGAER
Supplier login requiredLanguage: EN
Access & registration note: Free; latest Chrome/Edge/Firefox only — corporate browsers fail
Submission deadline
18 Mar 2022, 17:00 GMT
Submission channel
{"electronicSubmission","written"}
Accepted languages
en
Bid validity
90 days from the deadline
Bids opened
21 Mar 2022, 12:00 GMT
Detailed submission instructions & authority contactsFrom official release

maps.app.jaggaer.com ↗

Timeline

18 Mar 2022 → 26 May 2022 · 3 dates
  1. Submission deadline
    18 Mar 2022, 17:00 GMT
  2. Bids opened
    21 Mar 2022, 12:00 GMT
  3. Notice published
    26 May 2022, 08:57 BST

Notice history

1 event · 2 releases on Find a Tender
  1. Status changed to complete
    26 May 2022, 08:57 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £166,1251 contract exc. VAT
Bids received 6
Contracts signed 1latest 25 May 2022
Awarded toValueDateStatus
Ernst and Young LLP£166,125 †—Awarded

Contracts

  • Financial Wellbeing Barometer · Ernst and Young LLP

    Signed
    25 May 2022
    Value
    £166,125
    Status
    active

Bid statistics published by the authority

BidsSMEVCSEValid bid range
6bids———

Contracting authority & participating public bodies

Money and Pensions Service

Contracting authorityCentral GovernmentBody governed by public lawEconomic affairs 120 Holborn, London, UK, EC1N 2TDContact email Published organisation website ↗

Dispute resolution & review bodies

  • Department of Work and PensionsReview body London
  • Department of Work and Pensions LondonReview body London

Bidders & participating suppliers

1 commercial party on the notice
  • Ernst & Young LLPAwarded supplierOC300001 1 More London Place, London, SE1 2AF, London, London

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

  • Economic and financial selection criteriatenderEconomic and financial selection criteria
  • Technical selection criteriatenderTechnical selection criteria