Her Majesty’s Treasury require an external supplier to play an operational and coordinating role in the delivery of the pilot prize-linked savings scheme announced at Autumn Budget 2018: a new prize-linked savings account offered by credit unions.
The Potential Provider will be required to collect data about participating members’ entries into the draws and to run the draws each month in a fair manner.
The Contract will be for a two (2) year term commencing upon Contract Award.
The Contract will include a two (2) month extension option for an extension up to but not exceeding 31st March 2021; this option will be taken up at the discretion of the Authority.
HM Treasury may be referred to as “the Authority” or “HMT” throughout the documentation.