Find a TenderAwardedContract details notice

Published 7 Jul 2025, 16:10 BST

Official UK procurement notice

Social and Economic Value of Accessing Affordable Credit

Authority: FAIR4ALL FINANCE LIMITED (Public body)

ServicesCompetitive flexible procedureAbove thresholdSME suitable

Sectors: Financial and insurance services (66)Business Services & Consultancy (79) Delivery: Delivery location not published

Published estimate£275,000≈ £275k / year · £345,000 inc. VAT · 1 value update

Submissions closed 8 Aug 2025awarded 20 Nov 2025

Awarded to University of Exeter

Contract term 1 yrends 30 Nov 2026 · up to 1 Jun 2027 with extensions · starts 1 Dec 2025

What is being bought

Published requirement description

Fair4All Finance is seeking an experienced supplier to help us better understand the social impact and economic value of assessing affordable credit in Great Britain.

The contract will cover a 2 stage project:

Stage One - a meta-analysis of existing evaluations, and a next steps approach scoping exercise

There will be pause after stage one to agree approach moving forward.

Stage Two - evaluation of social and economic impact of affordable credit provided by commercial lenders

Stage Three - evaluation of social and economic impact of affordable credit provided by community lenders

The value of the contract may vary as a result of the approach taken. We estimate from £130,000 - £350,000 incl of VAT.

How the procedure runs: A Procurement Specific Questionnaire has been issued as the selection stage of this procedure (phase 1). A shortlist of 3 to 5 suppliers will be asked to submit a tender response. Presentations/interviews will form part of phase 2.
No preliminary market engagement: Light touch process undertaken prior to PA23 coming into force.

CPV: Economic impact assessment · Economic research services · Financial consultancy services · Financial management consultancy services

The lotProcurement structure

single lot · value published

Lot #1AwardedRenewal 1 yrPublished value£275,000

Contract period: 1 Dec 2025 – 30 Nov 2026 (1 yr) · up to 1 Jun 2027 with extensionsValue: £275,000 exc. VAT · £345,000 inc. VAT

Extensions: A six month extension will be built into the contract to allow flexibility around the timeframe for the Stage 2 & 3 approach.

66171000 Financial consultancy services 79311400 Economic research services 79311410 Economic impact assessment 79412000 Financial management consultancy services

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

Simple description: Phase 1 - PSQ - this phase focuses on technical ability, experience in the financial inclusion field or similar. Phase 2 - ITT - resourcing, methodology and approach to meeting requirement are key.

Procedure terms & legal framework

From the official record

Procedure method: Competitive flexible procedure
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Procurement category: Services
Notice status: Awarded
Procurement threshold: Above threshold (FTS publication)
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 7 Jul 2025, 16:10 BST
Last source update: 25 Mar 2026, 09:56 GMT
Award evaluation window: Submission end – 31 Oct 2025
Authority reference: 2025-F4AF-013
FTS notice number: 2025/S 000-037979
Latest notice: Contract details notice (UK7)
Classification (CPV): Economic impact assessmentEconomic research servicesFinancial consultancy servicesFinancial management consultancy services
Delivery area: Not published
Official registry OCID: ocds-h6vhtk-055a92 Find a Tender

How it runs: A Procurement Specific Questionnaire has been issued as the selection stage of this procedure (phase 1).
A shortlist of 3 to 5 suppliers will be asked to submit a tender response.
Presentations/interviews will form part of phase 2.

How it was run

Official notice

Run through: In-tend · Who buys & how to bid on In-tend

Supplier login requiredElectronic submission allowedLanguage: EN

Access & registration note: Free · one account per buying organisation's portal · reCAPTCHA on signup

Requests to participate (first stage): 8 Aug 2025, 13:00 BST
Submission deadline: 8 Aug 2025, 13:00 BST
Clarification deadline: 23 Jul 2025, 13:00 BST
Submission channel: Official e-sourcing portal
Electronic submission: Allowed
Accepted languages: en

Detailed submission instructions & authority contactsFrom official release

in-tendhost.co.uk/fair4allfinance/aspx… ↗

All communication relating to this procurement must be done through the In-tend portal.

Timeline

7 Jul 2025 → 25 Mar 2026 · 8 dates

Tender notice published
7 Jul 2025, 16:10 BST
Clarification questions by
23 Jul 2025, 13:00 BST
Submission deadline
8 Aug 2025, 13:00 BST
Award decision expected by355 days ago
31 Oct 2025, 23:59 GMT
Assessment summaries sent335 days ago
21 Nov 2025
Contract starts325 days ago
1 Dec 2025
Standstill ends322 days ago
3 Dec 2025, 23:59 GMT
Latest notice published210 days ago
25 Mar 2026, 09:56 GMT

Notice history

7 events · 4 releases on Find a Tender · since 7 Jul 2025

Tender notice published
7 Jul 2025, 16:10 BST
UK4
Tender notice published
7 Jul 2025, 16:19 BST
UK4
Published value published: £275,000
7 Jul 2025, 16:19 BST
Contract award notice published
21 Nov 2025, 15:25 GMT
UK6
Status changed to complete
21 Nov 2025, 15:25 GMT
Contract signature expected
19 Dec 2025, 23:59 GMT
scheduled
Contract details notice published
25 Mar 2026, 09:56 GMT
UK7

Published amendments (1)

Value range added.

Routine re-releases (4)

2025-07: 1 release · 7 Jul 2025

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Bids received 41 from SMEs

Contracts signed 1latest 9 Jan 2026

Awarded to	Value	Date	Status
University of ExeterSocial and Economic Impact of Affordable Credit - Combined information for Contract 1 & 25 Jan 2026 – 21 Dec 2027	—	20 Nov 2025	Awarded

Contracts

Social and Economic Impact of Affordable Credit - Combined information for Contract 1 & 2 · University of Exeter
Signed
9 Jan 2026
Value
—
Period
14 Jan 2026 – 21 Dec 2027
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
4final-stage tenders	1	0	—

Contracting authority & participating public bodies

FAIR4ALL FINANCE LIMITED

Contracting authorityPublic undertaking GB-COH: 11810533 16-18 Middlesex Street, London, London, E1 7EXContact name, email, phone

Bidders & participating suppliers

1 commercial party on the notice

University of ExeterAwarded supplierGB-COH: RC000653 The Queen's Drive, Exeter, South West, EX4 4QJContact email, phone

Official documents & specifications (5)

Official links; attachments are not copied

Tender pack and attachments

Bidding documents and specificationstenderBidding documents and specificationsAccess: All documents relating to this procurement procedure will be available via: https://in-tendhost.co.uk/fair4allfinance/aspx/Home Suppliers are required to register on our In-tend eProcurement Portal to access the document pack. This portal should also be used for all correspondence relating to this procurement.

Notices published for this procedure

Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender25 Mar 2026, 09:56 GMT
Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender21 Nov 2025, 15:25 GMT
Tender notice tenderTender noticeUK4Tender notice on Find a Tender7 Jul 2025, 16:19 BST
Tender notice tenderTender noticeUK4Tender notice on Find a Tender7 Jul 2025, 16:10 BST