Official UK procurement notice
Financial Lives Survey, Waves 5 to 7
Authority: Financial Conduct Authority
What is being bought5 lots · detail below
Published requirement descriptionThis award notice is related to the appointment of suppliers for the delivery of specific<br/>services for the next three waves (Waves 5, 6 and 7) of the Financial Lives survey (FLS), with<br/>the contracts to take effect from March 2025. These three waves are expected to run from March 2025 to later in 2031.
CPV: Market research services
Lots and requirements (5)Procurement structure
5 lots · all with a published value (£5,550,000 together) · same evaluation weights on every lotLot #1Specialism A: Delivery of fieldwork and weighted dataAwardedPublished value£3,750,000
This specialism is for the delivery of the main surveys (three in total, one per wave). Services will include:<br/><br/>
- Random probability-based survey design, sampling, questionnaire structure and simulations, weighting and technical report<br/>
- Questionnaire review, survey script programming and testing<br/>
- Data collection (online and by telephone), recruitment, incentive distribution, fieldwork monitoring and safeguarding<br/>
- Data cleaning, validation and harmonisation
Lot #2Specialism B: Recontact surveysAwardedPublished value£650,000
Biennial recontact surveys in May (one per wave, three in total) and short recontact surveys (two per wave, six in total), including:<br/><br/>
- Recruitment and incentivisation<br/>
- Script programming and testing<br/>
- Data processing and weighting<br/>
- Data and data tables<br/>
- Methodological note
Lot #3Specialism C: Data tablesAwardedPublished value£650,000
Production of data tables for the main surveys, including:<br/>
- Profiling data tables, circa 20 volumes per wave<br/>
- Tracker data tables, to identify statistically significant differences between waves<br/>
- Gross data tables, which present results in terms of millions of UK adults<br/>
- Amending the profiling and tracker tables for publication
Lot #4Specialism D: ReportingAwardedPublished value£200,000
Services will include but not be limited to the following:<br/>
- Authoring/ co-authoring reports for publication<br/>
- Producing/ supporting the production of slide decks for publication<br/>
- Support analysis and reporting for different teams at the FCA (not necessarily for publication)
Lot #5Specialism E: Cognitive testing and qualitative researchAwardedPublished value£300,000
Services will include but not be limited to the following:<br/>
- Cognitively testing new questions for each wave of the main survey<br/>
- Follow-up qualitative research with respondents from the main survey
What it takes to wini
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 morei
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).
Published sub-criteria (3)
- Technical and professional ability: 65%
- Commercials: 30%
- Environmental sustainability: 5%
Published award criteria (3)
- Environmental sustainability: 5
- Technical and professional ability: 65
- Commercials: 30
- Technical & professional ability
For each specialism, the following weightings shall apply:<br/>Technical and professional ability: 65%<br/>Social Value: 5%<br/>Commercials: 30%<br/><br/>Further details can be found within the ITT.
- 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
- Yes
- First published
- 29 Apr 2024, 16:43 BST
- Last source update
- 23 Jan 2025, 14:56 GMT
- Award evaluation window
- 27 Aug 2024 – …
- Authority reference
C2500- FTS notice number
2025/S 000-002400- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0455e4Find a Tender
- Electronic trading
- e-invoicing allowed
How it was run
Official noticeTender documents are also served through a separate tool: https://atamis-fca.my.salesforce.com/ ↗
- Submission deadline
- 27 Aug 2024, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 27 Aug 2024, 12:00 BST
Timeline
27 Jun 2024 → 23 Jan 2025 · 4 dates- Next notice expected27 Jun 2024, 00:00 BST
- Submission deadline27 Aug 2024, 12:00 BST
- Bids opened27 Aug 2024, 12:00 BST
- Notice published23 Jan 2025, 14:56 GMT
Notice history
6 events · 4 releases on Find a Tender · since 18 Jul 2024- Published value updated to £5,550,00018 Jul 2024, 12:22 BSTwas £6,000,000
- Status changed to active18 Jul 2024, 12:22 BST
- Procurement method changed18 Jul 2024, 12:22 BST
- Deadline published: 27 Aug 2024, 12:00 BST18 Jul 2024, 12:22 BST
- Buyer details updated18 Jul 2024, 12:22 BST
- Status changed to complete23 Jan 2025, 14:56 GMT
Published amendments (1)
*Please note that the tender deadline for this opportunity has been amended from 12pm midday on 27th August to 12pm midday on 3rd September 2024
Routine re-releases (4)
- 2024-04: 1 release · 29 Apr 2024
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Specialism A: Delivery of fieldwork and weighted data1 award | |||
| NATIONAL CENTRE FOR SOCIAL RESEARCH | £3,760,000 † | — | Awarded |
| Lot 2 · Specialism B: Recontact surveys1 award | |||
| CRITICAL RESEARCH LTDSME | £900,000 † | — | Awarded |
| Lot 3 · Specialism C: Data tables1 award | |||
| CRITICAL RESEARCH LTDSME | £630,000 † | — | Awarded |
| Lot 4 · Specialism D: Reporting1 award | |||
| IGNITION HOUSE LTDSME | £280,000 † | — | Awarded |
| Lot 5 · Specialism E: Cognitive testing and qualitative research1 award | |||
| CRITICAL RESEARCH LTDSME | £450,000 † | — | Awarded |
Contracts
Specialism A: Delivery of fieldwork and weighted data · NATIONAL CENTRE FOR SOCIAL RESEARCH
- Signed
- 23 Dec 2024
- Value
- £3,760,000
- Status
- active
Specialism B: Recontact surveys · CRITICAL RESEARCH LTDSME
- Signed
- 23 Dec 2024
- Value
- £900,000
- Status
- active
Specialism C: Data tables · CRITICAL RESEARCH LTDSME
- Signed
- 23 Dec 2024
- Value
- £630,000
- Status
- active
Specialism D: Reporting · IGNITION HOUSE LTDSME
- Signed
- 23 Dec 2024
- Value
- £280,000
- Status
- active
Specialism E: Cognitive testing and qualitative research · CRITICAL RESEARCH LTDSME
- Signed
- 23 Dec 2024
- Value
- £450,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Specialism A: Delivery of fieldwork and weighted data | 1bids · 1 electronic | — | — | — |
| 2 · Specialism B: Recontact surveys | 2bids · 2 electronic | 1 | — | — |
| 3 · Specialism C: Data tables | 1bids · 1 electronic | 1 | — | — |
| 4 · Specialism D: Reporting | 2bids · 2 electronic | 2 | — | — |
| 5 · Specialism E: Cognitive testing and qualitative research | 3bids · 3 electronic | 2 | — | — |
Contracting authority & participating public bodies
Bidders & participating suppliers
3 commercial parties on the notice- CRITICAL RESEARCH LTDAwarded supplier
- IGNITION HOUSE LTDAwarded supplier
- NATIONAL CENTRE FOR SOCIAL RESEARCH T/A NATCEN SOCIAL RESEARCHAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria