Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Money Advice Service
120 Holborn
London
EC1N 2TD
UK
E-mail: Molly.Roast@moneyadviceservice.org.uk
NUTS: UK
Internet address(es)
Main address: www.moneyadviceservice.org.uk
Address of the buyer profile: https://mas.bravosolution.co.uk
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 was looking for one 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.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
780 000.00
GBP
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 MAS was looking for one 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 needs 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.
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 needs 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.
II.2.5) Award criteria
Quality criterion: Experience
/ Weighting: 5 %
Quality criterion: Methodology and approach
/ Weighting: 20 %
Quality criterion: Resources
/ Weighting: 5 %
Quality criterion: Technical capability
/ Weighting: 20 %
Price
/ Weighting:
50
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 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:
2018/S 105-239769
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
Contract No: RMP 18-05
Title: Provision of Guaranteed Income and Income Drawdown Tools
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
11/10/2018
V.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Defaqto Ltd
Aylesbury
HP17 8LJ
UK
NUTS: UKJ1
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 780 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The Money Advice Service
London
UK
VI.5) Date of dispatch of this notice
23/10/2018