Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Money and Pensions Service
Holborn Centre,120 Holborn
LONDON
EC1N2TD
UK
Contact person: Dahamia Stephenson
Telephone: +44 2081325276
E-mail: Commercial@maps.org.uk
NUTS: UKI31
Internet address(es)
Main address: https://maps.org.uk/
I.4) Type of the contracting authority
Other: Arm's Length Body sponsored by Department for Works 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.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
1 620 916.00
GBP
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
The Annuity comparison tool will allow 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
Quality criterion: Technical
/ Weighting: 80
Price
/ Weighting:
20
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
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
The Investment Pathways comparison tool will display investment pathway solutions for four defined investment pathway objectives for each provider featured on the service. It will also display 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
Quality criterion: Technical
/ Weighting: 80
Price
/ Weighting:
20
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
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.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2023/S 000-012408
IV.2.9) Information about termination of call for competition in the form of a prior information notice
The contracting authority will not award any further contracts based on the above prior information notice
Section V: Award of contract
Lot No: 1
Title: Annuities Comparison Tool
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
25/07/2023
V.2.2) Information about tenders
Number of tenders received: 2
Number of tenders received from SMEs: 2
Number of tenders received by electronic means: 2
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Defaqto Limited
02870220
2 Haddenham Business Park
Buckinghamshire
HP17 8LJ
UK
E-mail: support@defaqto.com
NUTS: UKJ
Internet address(es)
URL: https://www.defaqto.com/
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 569 700.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Title: Investment Pathway Comparison Tool
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
25/07/2023
V.2.2) Information about tenders
Number of tenders received: 1
Number of tenders received from SMEs: 1
Number of tenders received by electronic means: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Defaqto Limited
02870220
12 Haddenham Business Park
Buckinghamshire
HP17 8LJ
UK
E-mail: support@defaqto.com
NUTS: UKJ
Internet address(es)
URL: https://www.defaqto.com/
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 1 051 216.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The High Court
The Strand
London
WC2A 2LL
UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
The contracting authority operated a minimum 10 calendar day
standstill period at the point information on the award of the contract was communicated to tenderers to provide time for unsuccessful tenderers to challenge the award decision before the contract is entered into.
Unsuccessful tenderers were notified by the contracting authority as soon as possible after the decision is made as to the reasons why they were unsuccessful. The Public Contracts Regulations 2015 provide that aggrieved parties who have been harmed, or are at risk of harm, by breach of the rules are to take action in the High Court (England, Wales and Northern Ireland)."
VI.5) Date of dispatch of this notice
07/08/2023