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Customer Insights Programme: Market Research Tender

Buyer: FAIR4ALL FINANCE LIMITED →

BuyerFAIR4ALL FINANCE LIMITED
StatusClosed
Deadline30 Sept 2021
Value£165,000
Published17 Sept 2021

What is being bought

Fair4All Finance is seeking a provider, or multiple providers, to support our broad customer insights programme. This programme is split into three sections (lots), two of which will take place in 2021 and a third which may take place in 2022 depending on priorities and annual planning. Full information is available on the Fair4All Finance website.

Delivery location

UKI

Categories

Design and execution of research and development 73300000Research services 73110000

Lot details

Lot 1

This programme is split into three sections (lots). Lot 1: Customer segmentation: Developing understanding of customers in the bottom four income deciles with the outcome of a clearly defined segmentation model. This will help providers better understand low-income customers and those excluded from financial services. This segmentation must focus on customers and their broad range of financial needs including credit usage, savings, banking and insurance. Lot 2: Marketing, brand and purchase decision pathways: we want a deep understanding of how these customers interact with financial services providers when making purchase decisions. This must include the channels used to research and access financial services, brand strength and sentiment, how customers respond to marketing activity and practical recommendations of how providers can effectively reach these customers. Lot 3 (to be confirmed): Ethnographic research and persona development to improve understanding of customer segments and embed learnings.

Statusactive
Value£165,000

What is included

ItemCategoryQuantity
1Design and execution of research and developmentNot published

Comparable-procurement analytics

Benchmarked against retained Find a Tender procedures with CPV division 73. The category anchor is Design and execution of research and development (73300000); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.

Comparison setProceduresReported bids per procedureNamed award suppliersPrice evidence
Market: CPV division 733,0453 median · 26.7 average (1,087 of 3,045 with a bid count)2.5 average (1,228 of 3,045 with named award suppliers)Not published
Same buyer2Not publishedNot publishedNot published
Delivery region: UKI1374 median · 23.5 average (46 of 137 with a bid count)1.7 average (51 of 137 with named award suppliers)Not published
Similar published value (0.5×–2×)3086 median · 5.7 average (6 of 308 with a bid count)1 average (6 of 308 with named award suppliers)Not published

“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.

Price-outcome signal

Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.

Procurement strategy & market signals

Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNo
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published

Planning & early market engagement

BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0

No planning milestones published.

Related procurements

No linked framework, prior procurement or reprocurement published.

Documents & submission route

No documents are published in the current source record.

Source data inventory

Diagnostic view. “Not published” means this current release does not provide a value.

OCIDocds-h6vhtk-02e1ce
Latest release ID023131-2021
Latest release timestampFri Sep 17 2021 06:44:32 GMT+0000 (Coordinated Universal Time)
Sourcefind-a-tender
Official notice URLNot published
Tender statusactive
Procurement methodopen
Procurement method detailsOpen procedure
Main procurement categoryservices
Above thresholdNot published
Legal basis32014L0024
Tender period: startNot published
Tender period: end2021-09-30T17:00:00+01:00
Expression of interest deadlineNot published
Enquiry deadlineNot published
Award period: start2021-10-11T17:00:00+01:00
Award period: endNot published
Submission method detailsNot published
Submission languagesen
Electronic catalogue policyNot published
Total tender value£165,000
Tender lots in source1
Tender items in source1
Tender documents in source0
Awards in latest release0
Contracts in latest release0
Parties in latest release2

Notice history

DateEventReference
17 Sept 2021tender023131-2021

All source data

Unmodified official OCDS data retained by Tenderline for this procurement process.

Complete current OCDS release JSON
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    "id": "ocds-h6vhtk-02e1ce",
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        "description": "This programme is split into three sections (lots).  \n Lot 1: Customer segmentation: Developing understanding of customers in the bottom four income deciles with the outcome of a clearly defined segmentation model. This will help providers better understand low-income customers and those excluded from financial services. This segmentation must focus on customers and their broad range of financial needs including credit usage, savings, banking and insurance. \n Lot 2: Marketing, brand and purchase decision pathways: we want a deep understanding of how these customers interact with financial services providers when making purchase decisions. This must include the channels used to research and access financial services, brand strength and sentiment, how customers respond to marketing activity and practical recommendations of how providers can effectively reach these customers.  \n Lot 3 (to be confirmed): Ethnographic research and persona development to improve understanding of customer segments and embed learnings.",
        "contractPeriod": {
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    "value": {
      "amount": 165000,
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    "status": "active",
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      "startDate": "2021-10-11T17:00:00+01:00"
    },
    "description": "Fair4All Finance is seeking a provider, or multiple providers, to support our broad customer insights programme. \nThis programme is split into three sections (lots), two of which will take place in 2021 and a third which may take \nplace in 2022 depending on priorities and annual planning.\nFull information is available on the Fair4All Finance website.",
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      },
      "details": {
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      "identifier": {
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  ],
  "language": "en",
  "initiationType": "tender"
}
Complete JSON history (1 releases)
17 Sept 2021 · 023131-2021 · tender
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    "value": {
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      "date": "2021-10-11T17:00:00+01:00"
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      "startDate": "2021-10-11T17:00:00+01:00"
    },
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}