Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Money and Pensions Service
120 Holborn
LONDON
EC1N2TD
UK
Contact person: Laura Bradshaw
E-mail: Commercial@maps.org.uk
NUTS: UKI31
Internet address(es)
Main address: https://maps.org.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://maps.app.jaggaer.com/
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://maps.app.jaggaer.com/
I.4) Type of the contracting authority
Other: Arm's-length body sponsored by the Department for Work and Pensions
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Pension Comparison Tools
Reference number: 22-147C
II.1.2) Main CPV code
66520000
II.1.3) Type of contract
Services
II.1.4) Short description
The provision of services in respect of two digital pension guidance tools, to help consumers to compare their options and make the most of their retirement income when accessing their pension pots:
1. Annuities comparison tool
2. Investment Pathways comparison tool
II.1.5) Estimated total value
Value excluding VAT:
1 616 480.09
GBP
II.1.6) Information about lots
This contract is divided into lots:
Yes
Tenders may be submitted for all lots
II.2) Description
Lot No: 1
II.2.1) Title
Annuities Comparison Tool
II.2.2) Additional CPV code(s)
66520000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
MaPS provides an Annuity comparison tool for consumers to use on its consumer facing website MoneyHelper. The existing Annuities Comparison Tool was launched in 2014 and attracts around 100,000 visits a year. The contract for the existing tool ends 10th October 2023, and MaPS require a new annuity comparison tool for consumers to access.
The tool allows users to compare the income they might get from a lifetime or fixed-term annuity from the whole of the open market. Users can select from all the annuity options available and input detailed medical information. Annuity providers are required by the Financial Conduct Authority (FCA) to signpost to the tool within the quotes they issue to consumers so that they can check if they could get a better deal by shopping around. Consumers can use the tool to obtain quotes for a lifetime annuity or a fixed term annuity. It is not a transactional tool i.e., an annuity cannot be directly purchased through it.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
461 259.43
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
An extension of up to one (1) further year at the absolute discretion of MaPS.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
An extension of up to one (1) further year at the absolute discretion of MaPS.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
HOW TO BID
1. Interested organisations must be registered as a 'Supplier' on the MaPS eSourcing portal' Jaggaer' to participate.
If you have not already done so, please use the following link:
https://maps.app.jaggaer.com/web/login.html
2. Once registered on the Jaggaer portal the tender can be viewed via OPEN TENDERS by clicking on 'Published Opportunities'.
3. If you experience issues with any aspect of the portal, please contact the Helpdesk on 0800 069 8630.
4. Please note all further communications including the submission of your online bid must be via the Jaggaer portal.
Lot No: 2
II.2.1) Title
Investment Pathways Comparison Tool
II.2.2) Additional CPV code(s)
66520000
II.2.3) Place of performance
NUTS code:
UK
II.2.4) Description of the procurement
MaPS provide an Investment Pathways comparison tool, which since 1st February 2021 has been available for consumers to use on its MoneyHelper website. The contract for the existing tool ends 10th October 2023, and MaPS requires a new annuity comparison tool for consumers to access. The tool displays investment pathway solutions for four defined investment pathway objectives for each provider featured on the service. It also displays the first-year charge in monetary terms (illustrated in pounds and pence), comprised of the different charges and rates which each provider may apply. Only products available on the open market direct to consumers are displayed on the tool.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
1 155 220.66
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
An extension of up to one (1) further year at the absolute discretion of MaPS.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
An extension of up to one (1) further year at the absolute discretion of MaPS.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
HOW TO BID
1. Interested organisations must be registered as a 'Supplier' on the MaPS eSourcing portal' Jaggaer' to participate.
If you have not already done so, please use the following link:
https://maps.app.jaggaer.com/web/login.html
2. Once registered on the Jaggaer portal the tender can be viewed via OPEN TENDERS by clicking on 'Published Opportunities'.
3. If you experience issues with any aspect of the portal, please contact the Helpdesk on 0800 069 8630.
4. Please note all further communications including the submission of your online bid must be via the Jaggaer portal.
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
30/05/2023
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.7) Conditions for opening of tenders
Date:
30/05/2023
Local time: 13:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
The High Court
The Strand
London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
28/04/2023