Official UK procurement notice
Survey of Household Finances
Authority: BANK OF ENGLAND
What is being bought
Published requirement descriptionThe Bank of England is commissioning a new Survey of Household Finances to commence in H2 2027 or H1 2028.
As part of the tender process, the Bank is undertaking a soft market test to understand supplier capability and feasible delivery models for a household survey that can be linked to bank transaction data for the same respondents.
The core requirements are:
- The ability to run an online household survey of approximately 15 minutes, designed by the Bank of England.
- The supplier would provide a nationally representative UK sample, with the survey conducted twice per calendar year.
- The ability to link survey responses to transaction-level financial data (e.g. current account data) capturing income and expenditure flows for the same respondents, at the individual or account level, using arrangements that are fully compliant with applicable data protection legislation and ethical standards. This should include clear, informed and revocable respondent consent; appropriate governance, security and data minimisation practices; and, where relevant, use of regulated access frameworks (e.g. Open Banking). Feasible delivery approaches could include, for example: use of existing consented panels with linked data; recruitment of customers from a financial institution; and/or respondent-authorised account linkage e.g. Open Banking. Examples are illustrative only and do not indicate a preferred solution.
Note
This process does not constitute a formal tender or other competitive bidding process and will not result in the award of a contract. The Bank is undertaking a soft market test to inform understanding of supplier capability and feasibility of potential delivery models in relation to the required services. There are, therefore, no formal criteria associated with this engagement, and it is not our intention to provide any feedback to participating organisations.
Any key information that is relevant to the procurement will be recorded and made available to all potential bidders as part of the future procurement process to ensure transparency and a level playing field.
No supplier will be disadvantaged by not participating in this engagement.
CPV: Survey services
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How BANK OF ENGLAND buys Market research services (CPV 7931), and who usually turns up
BANK OF ENGLAND’s published record next to the market for the same work. Frameworks and DPS are left out: they draw different bid counts. Whole-market view: Market research services (CPV 7931) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
i
How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
Small firms have won here. Neither number says whether you qualify; it describes who has been winning.
i
How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Local means the winner is registered in the region where that award was delivered. The market figure counts awards delivered in Greater London (authority’s region).
A local branch does not count if the registered address is elsewhere.
Most of this buyer’s recorded winners were registered in the region where that award was delivered.
i
How long buyers here take to decide after bids close.
Middle value in days from the bid deadline to the award date, on competitions that published both.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards have an award date within 53 days of the bid deadline.
i
How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
Both shares are minimums: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
i
How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid17% / 16%
2–317% / 16%
4–650% / 21%
7+17% / 47%
How did awards compare with estimates?
i
Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate50%
Within ±2%41%
Above estimate9%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 7931Published estimate£300k
i
How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 19 past lots.
A forecast, not a list of bidders.
1 bid16%
2–316%
4–621%
7+47%
i
Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
No earlier contract of this buyer matches this lot on the published record.
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Planned procurement
- 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
- Unspecified in notice
- First published
- 22 Jun 2026, 16:43 BST
- Last source update
- 22 Jun 2026, 16:43 BST
- FTS notice number
2026/S 000-058677- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Not published
- Official registry OCID
ocds-h6vhtk-06ba77Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
22 Jun 2026 → 1 Aug 2027 · 3 dates- Planning notice published128 days ago22 Jun 2026, 16:43 BST
- Market engagement99 days ago20 Jul 2026, 23:59 BST
Interested suppliers are invited to register their interest by emailing [email protected] with the subject line: "Household Survey - Transaction Data Linkage - PME" by 12pm, 20 July 2026.
Please briefly outline the services you can supply, with reference to the core requirements above.
The Bank may offer optional one-to-one clarification calls with respondents, and may have further preliminary discussions with a number of suppliers (for example via meetings/calls/letters) to explore feasibility.
Any key information that is relevant will be documented and shared with all potential bidders as part of the future procurement process to ensure transparency and equal treatment.
- Today28 Oct 2026
- Contract startsin 276 days1 Aug 2027, 00:00 BST
Notice history
1 event · 1 release on Find a Tender- Preliminary market engagement notice published22 Jun 2026, 16:43 BSTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender