How to win: Survey of Household Finances

About this contract

The Bank of England is commissioning a new Survey of Household Finances to commence in H2 2027 or H1 2028. As part of the tender process, the Bank is undertaking a soft market test to understand supplier capability and feasible delivery models for a household survey that can be linked to bank transaction data for the same respondents. The core requirements are: 1) The ability to run an online household survey of approximately 15 minutes, designed by the Bank of England. 2) The supplier would provide a nationally representative UK sample, with the survey conducted twice per calendar year. 3) The ability to link survey responses to transaction-level financial data (e.g. current account data) capturing income and expenditure flows for the same respondents, at the individual or account level, using arrangements that are fully compliant with applicable data protection legislation and ethical standards. This should include clear, informed and revocable respondent consent; appropriate governance, security and data minimisation practices; and, where relevant, use of regulated access frameworks (e.g. Open Banking). Feasible delivery approaches could include, for example: use of exi

How to win contracts like this

• ✓Answer against the marking scheme, not the question text — BANK OF ENGLAND scores each response, so map your evidence to the published criteria and weightings.
• ✓At £300,000, expect quality and social value to carry a large share of the score — price alone rarely wins services work.
• ✓Show recent, comparable delivery: name similar services contracts you've delivered for public bodies, with measurable outcomes.
• ✓Start early: deadlines are tight and a strong bid takes iteration.

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