Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Money Advice Service (MAS)
120 Holborn
London
EC1N 2TD
UK
Contact person: Carol Hilaire
Telephone: +44 2079430030
E-mail: carol.hilaire@moneyadviceservice.org.uk
NUTS: UK
Internet address(es)
Main address: https://moneyadviceservice.sharepoint.com/?wa=wsignin1.0
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://mas.bravosolution.co.uk/web/login.html?_ncp=1524576036756.824-1
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://mas.bravosolution.co.uk/web/login.html?_ncp=1524576036756.824-1
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Guaranteed Income and Income Drawdown Tools
Reference number: RMP - 18 -05
II.1.2) Main CPV code
48000000
II.1.3) Type of contract
Services
II.1.4) Short description
The Money Advice Service is looking for 1 service provider to reproduce and enhance 2 of its existing online tools: the Guaranteed Income Products (Annuities) Comparison Table and The Income Drawdown Comparison Tool. This service must include the data provision.
Please see the Additional information Section V1.3 of this Notice; for an overview of the services.
II.1.5) Estimated total value
Value excluding VAT:
1 600 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
72311100
72314000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
The Money Advice Service is looking for 1 service provider to reproduce and enhance 2 of its existing online tools: the Guaranteed Income Products (Annuities) Comparison Table and The Income Drawdown Comparison Tool. This service must include the data provision.
Please see the Additional information Section V1.3 of this Notice; for an overview of the services.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 48
This contract is subject to renewal: Yes
Description of renewals:
Ongoing provision.
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:
No
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 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:
09/07/2018
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Tender must be valid until:
31/12/2018
IV.2.7) Conditions for opening of tenders
Date:
09/07/2018
Local time: 12:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.3) Additional information
Overview:
The MAS is looking for 1 service provider to reproduce and enhance 2 of its existing online tools: the Guaranteed Income Products (Annuities) Comparison Table and The Income Drawdown Comparison Tool (with data).
Guaranteed Income Products Comparison Table:
Also known as the Annuities Comparison Table. The chosen provider will need to:
a) exactly replicate the existing tool’s customer journey and provide indicative quotations in real time to customers from all open market annuity providers.
See link to existing tool:
https://comparison.moneyadviceservice.org.uk/en/tools/annuities
and;
b) build an additional journey which allows customers to input detailed medical information (based on the common quotation form) and receive more precise quotations in real time from all open market enhanced annuity providers.
Income Drawdown Comparison Tool:
The chosen provider will need to:
a) build a customer journey which comprises educational content, an interactive income estimator and an interactive comparison table,
b) supply information on product features, investment options and costs and charges via a real-time data feed for all products classified as income drawdown products and available in the open market either direct or via intermediaries.
VI.4) Procedures for review
VI.4.1) Review body
The Money Advice Service
120 Holborn
London
EC1N 2TD
UK
VI.5) Date of dispatch of this notice
01/06/2018