Published date: 17 January 2020
Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.
Contract summary
Industry
Social work and related services - 85300000
Location of contract
Any region
Value of contract
£323,000
Procurement reference
tender_223778/829483
Published date
17 January 2020
Approach to market date
23 January 2020
Contract start date
1 April 2020
Contract end date
31 March 2021
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
Yes
Description
The DfE will be inviting tenders for a contractor to manage the Junior ISA (JISA) scheme, and Child Trust Funds (CTFs) for children in care (CiC) and care leavers. The JISA scheme has existed since 2011, when the Coalition Government ceased funding CTFs for all children, but established a new scheme funded and organised by the DfE, to provide children who had been looked after for 12 months with a JISA, through an initial contribution from the Government of £200.
The appointed contractor will ensure eligible children and young people receive the payments due to them through this scheme: by acquiring the necessary data from LAs, opening JISAs for those children, making payments into these JISAs, and providing information about the JISAs opened and payments made to LAs, CiC and their carers. The appointed contractor will be managing the existing 25,800 JISAs; and also responsible for administering 13,700 CTFs of looked after children.
The contract may be extended for a maximum of 2 further 1 year terms.
More information
Additional text
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Organisations interested in this contract are invited to attend a call on Thursday 23rd January 2020.
Please use the contact details provided to request joining details.
About the buyer
Address
Sanctuary Buildings
London
SW1P 3BT
England
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Approach to market date: 23 January 2020
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