Critical review of NS&I's forecasting processes
The value below is a framework or dynamic market ceiling: the maximum
that could be spent across all call-offs, not the value of a single contract.
Aggregate figures on this site exclude these to avoid double counting.
key details
| Status | complete |
|---|---|
| Category (CPV) | 79400000 |
| Region | London |
| Deadline | 14 Dec 2021 |
| Contract start | 5 Jan 2022 |
| Contract end | 28 Feb 2022 |
| Procedure | selective |
| SME suitable | Yes |
| OCID | ocds-b5fd17-23fb6d65-1558-4dc4-b90e-fa8fdc308c96 |
Awards (2)
This procurement was awarded to 2 suppliers. Values shown are per-award; the notice total is ·.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Deloitte LLP | £0 | 22 Dec 2021 | active |
| PricewaterhouseCoopers LLP | £0 | 23 May 2024 | active |
description
- NS&I requires a critical review to be conducted of NS&I's forecasting data sources, analytics, methodology and processes.
- The review will include:
| a. | an assessment of current Net Financing forecasting data sources, methods and models processes; |
| b. | A view of what best practice looks like in the financial services market place; |
| c. | Recommendations and/or advice on how the forecasting can be im-proved |
| d. | Advice and guidance of any additional steps to manage forecasting during a volatile economic period; |
| e. | A report to the Directors of Retail setting out findings, establishing and explaining the level of assurance and proposing, where relevant, any actions that should be taken to improve the reliability, accuracy or control environment of the Net Financing forecast; |
| f. | Video-based meeting to present these findings to appropriate senior members of NS&I. |
- The benefit of this review will be to provide more assurance to NS&I that it is achieving its Net Financing Service Delivery Measure.
Contract awarded via Lot 4 Finance, of Crown Commercial Services RM6187 Management Consultancy Framework Three.
notice history
2 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 26 Jan 2022 | Award (award) | · | 01970b4e-a59c-4c46-b552-a72c2ff526b0-504418 |
| 19 Aug 2024 | Award (award) | · | acefba9d-89f3-4b9f-a193-70ef1bc32b44-778622 |
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source
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