Assessing the Elasticity of Retail Investment to Tax Incentives

{
  "url": [
    "https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/tender-details/e7093cb3-420c-498d-bf98-9217c4b59026-CN"
  ],
  "lots": [
    "{\"procurementProjectLots\":[{\"tenderingTerms\":{\"tendererQualificationRequest\":{\"specificTendererRequirement\":{\"tendererRequirementTypeCode\":\"epo-procurement-document\",\"tendererRequirementTypeCodeListName\":\"selection-criteria-source\"}},\"tenderValidityPeriod\":{\"durationMeasureUnitCode\":\"MONTH\",\"durationMeasure\":\"6\"},\"languages\":[{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{},{}],\"callForTendersDocumentReference\":{\"documentType\":\"non-restricted-document\",\"attachmentExternalReferenceURI\":\"https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/tender-details/e\",\"documentStatusCode\":\"official\",\"languageID\":\"ENG\",\"documentStatusCodelistName\":\"document-status\",\"id\":\"default-text\"},\"fundingProgramCode\":\"eu-funds\",\"postAwardProcess\":{\"electronicOrderUsageIndicator\":\"true\",\"electronicPaymentUsageIndicator\":\"true\"},\"contractExecutionRequirement\":[{},{},{}],\"fundingProgramCodelistName\":\"eu-funded\",\"awardingTerms\":{\"awardingCriterion\":{\"subordinateAwardingCriterion\":[{\"awardingCriterionTypeCodeListName\":\"award-criterion-type\",\"descriptionLanguageID\":\"ENG\",\"description\":\"Please consult the procurement documents.\",\"awardCriterionParameter\":[{\"parameterNumeric\":\"70\",\"parameterCodeListName\":\"number-weight\",\"parameterCode\":\"per-exa\"}],\"awardingCriterionTypeCode\":\"quality\"},{\"awardingCriterionTypeCodeListName\":\"award-criterion-type\",\"descriptionLanguageID\":\"ENG\",\"description\":\"Please consult the procurement documents.\",\"awardCriterionParameter\":[{\"parameterNumeric\":\"30\",\"parameterCodeListName\":\"number-weight\",\"parameterCode\":\"per-exa\"}],\"awardingCriterionTypeCode\":\"price\"}]}},\"appealTerms\":{\"appealReceiverPartyID\":\"ORG-0002\"}},\"programmes\":[],\"procurementProject\":{\"procurementTypeCodeListName\":\"contract-nature\",\"procurementProjectID\":\"EC-FISMA/2026/OP/0010\",\"mainCommodityClassification\":{\"itemClassificationCode\":\"73000000\",\"itemClassificationCodeListName\":\"cpv\"},\"requestedTenderTotal\":{\"estimatedOverallContractAmountCurrencyId\":\"EUR\",\"estimatedOverallContractAmount\":300000},\"plannedPeriod\":{\"durationMeasureUnitCode\":\"MONTH\",\"durationMeasure\":12},\"procurementTypeCode\":\"services\",\"name\":\"Assessing the Elasticity of Retail Investment to Tax Incentives\",\"description\":\"The study should pursue two complementary objectives. First, it should estimate the elasticity of retail investment to tax incentives by analysing in order to determine how strongly tax advantages affect the likelihood to invest and the amounts invested.  Second, it should assess the potential budgetary implications of introducing an SIA under different design scenarios, taking into account varying forms of tax incentives participation rates and substitution effects with existing savings products. This second objectives should be possibly combined with an assessment of second round effect of greater retail participation to capital markets on consumption and investment.. Taken together, the study should allow policymakers to assess the cost effectiveness of SIAs as a tool to increase retail participation in capital markets under the Savings and Investments Union.\",\"contractExtension\":{\"renewal\":{\"period\":{}}},\"smeSuitableIndicator\":false,\"additionalCommodityClassifications\":[{\"itemClassificationCode\":\"79311400\",\"itemClassificationCodeListName\":\"cpv\"},{\"itemClassificationCode\":\"79300000\",\"itemClassificationCodeListName\":\"cpv\"}]},\"tenderingProcess\":{\"accessToolsURI\":\"https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/tender-details/e\",\"governmentAgreementConstraintIndicator\":true,\"eformsExtension\":{\"accessToolName\":\"Funding and Tenders Portal\"},\"submissionMethodCodeListName\":\"esubmission\",\"auctionTerms\":{\"auctionConstraintIndicator\":\"false\"},\"contractingSystems\":[{\"contractingSystemTypeCode\":\"none\",\"contractingSystemTypeCodeListName\":\"framework-agreement\"},{\"contractingSystemTypeCode\":\"none\",\"contractingSystemTypeCodeListName\":\"dps-usage\"}],\"openTenderEvent\":{\"occurrenceDate\":\"2026-11-23+01:00\",\"occurrenceTime\":\"10:00:00+01:00\"},\"tenderSubmissionDeadlinePeriod\":{\"endDate\":\"2026-11-20+01:00\",\"endTime\":\"16:00:59+01:00\"},\"submissionMethodCode\":\"required\",\"additionalInformationRequestPeriod\":{\"endDate\":\"2026-11-12+01:00\",\"endTime\":\"2026-11-12+01:00\"},\"participationRequestReceptionPeriod\":{}},\"procurementProjectLotID\":\"LOT-0001\",\"benefittingZones\":[]}]}"
  ],
  "type": [
    "0"
  ],
  "cftId": [
    "e7093cb3-420c-498d-bf98-9217c4b59026-CN"
  ],
  "title": [
    "Assessing the Elasticity of Retail Investment to Tax Incentives"
  ],
  "caName": [
    "Assessing the Elasticity of Retail Investment to Tax Incentives"
  ],
  "status": [
    "31094502"
  ],
  "mainCpv": [
    "79311400",
    "79300000",
    "73000000"
  ],
  "esST_URL": [
    "https://ec.europa.eu/info/funding-tenders/opportunities/portal/screen/opportunities/tender-details/e7093cb3-420c-498d-bf98-9217c4b59026-CN"
  ],
  "language": [
    "en"
  ],
  "REFERENCE": [
    "e7093cb3-420c-498d-bf98-9217c4b59026-CN"
  ],
  "startDate": [
    "2026-10-12T00:00:00.000+0000"
  ],
  "DATASOURCE": [
    "SEDIA"
  ],
  "es_Combine": [
    "1"
  ],
  "identifier": [
    "e7093cb3-420c-498d-bf98-9217c4b59026-CN"
  ],
  "sortStatus": [
    "1"
  ],
  "updateDate": [
    "2026-11-23T10:00:00.000+0000"
  ],
  "awardMethod": [],
  "cftTimezone": [
    "Europe/Brussels"
  ],
  "closingDate": [
    "2026-11-20T16:00:59Z"
  ],
  "description": [
    "The study should pursue two complementary objectives. First, it should estimate the elasticity of retail investment to tax incentives by analysing in order to determine how strongly tax advantages affect the likelihood to invest and the amounts invested.  Second, it should assess the potential budgetary implications of introducing an SIA under different design scenarios, taking into account varying forms of tax incentives participation rates and substitution effects with existing savings products. This second objectives should be possibly combined with an assessment of second round effect of greater retail participation to capital markets on consumption and investment.. Taken together, the study should allow policymakers to assess the cost effectiveness of SIAs as a tool to increase retail participation in capital markets under the Savings and Investments Union."
  ],
  "es_SortDate": [
    "2026-10-12T00:00:00.000+0000"
  ],
  "mainCpvCode": [
    "{\"mainCode\":\"73000000\"}"
  ],
  "cftDocuments": [
    "{\"cftDocuments\":[{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e534baf831\",\"sortKey\":\"00001\",\"documentType\":\"Invitation letter\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Invitation to tender EC-FISMA-2026-OP-0010 - Elasticity of Retail Investment_V1.pdf\",\"publicationFormat\":\"PDF\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e534baf831\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Invitation to tender EC-FISMA-2026-OP-0010 - Elasticity of Retail Investment\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a413c\",\"sortKey\":\"00005\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 3 - Power of Attorney_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a413c\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 3 - Power of Attorney\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a413a\",\"sortKey\":\"00002\",\"documentType\":\"Technical specifications\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Tender Specifications - Retail Investors_V1.pdf\",\"publicationFormat\":\"PDF\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a413a\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Tender Specifications - Retail Investors\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a413b\",\"sortKey\":\"00004\",\"documentType\":\"Declaration on honour (tender)\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 2 - Declaration of honour_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a413b\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 2 - Declaration of honour\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a458e\",\"sortKey\":\"00013\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 10 - Selection grid_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a458e\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 10 - Selection grid\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349b4e76\",\"sortKey\":\"00003\",\"documentType\":\"Draft contract\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Direct Service Contract - EC-FISMA-2026-OP-0010_V1.pdf\",\"publicationFormat\":\"PDF\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349b4e76\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Direct Service Contract - EC-FISMA-2026-OP-0010\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a413d\",\"sortKey\":\"00006\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 4 - List of identified subcontractors_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a413d\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 4 - List of identified subcontractors\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a4588\",\"sortKey\":\"00007\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 5.1 - Commitment letter by an identified subcontractor_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a4588\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 5.1 - Commitment letter by an identified subcontractor\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a4589\",\"sortKey\":\"00008\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 5.2 - Commitment letter by an entity with relied on capacity_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a4589\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 5.2 - Commitment letter by an entity with relied on capacity\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a458a\",\"sortKey\":\"00009\",\"documentType\":\"Financial offer form\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 6 - Financial offer form_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a458a\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 6 - Financial offer form\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a458b\",\"sortKey\":\"00010\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 7 - Statement of annual turnover_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a458b\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 7 - Statement of annual turnover\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a458c\",\"sortKey\":\"00011\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 8 - Standard submission form_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a458c\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 8 - Standard submission form\",\"languageCode\":\"EN\"},{\"considerChangedUntilDate\":\"2026-10-26T00:00:00\",\"documentPublicationID\":\"090166e5349a458d\",\"sortKey\":\"00012\",\"documentType\":\"Other invitation to tender document\",\"changedNotificationText\":\"New \",\"obsolete\":false,\"hermesDocumentReferences\":[{\"documentFileName\":\"Annex 9 - Project references_V1.docx\",\"publicationFormat\":\"NATIVE\",\"isCurrentVersion\":\"Y\",\"documentID\":\"080166e5349a457e\",\"attachmentID\":\"090166e5349a458d\",\"publicationDate\":\"2026-10-12T00:00:00\",\"versionNR\":\"1\"}],\"applicableProcurementProjectLots\":[{\"procurementProjectLotID\":\"LOT-0001\"}],\"documentChangeCode\":\"NEW\",\"documentTitle\":\"Annex 9 - Project references\",\"languageCode\":\"EN\"}]}"
  ],
  "cftRepublish": [
    "true"
  ],
  "contractType": [
    "31095498"
  ],
  "deadlineDate": [
    "2026-11-20T16:00:59.000+0000"
  ],
  "esST_FileName": [
    "file.txt"
  ],
  "esST_checksum": [
    "2BB45A9B04B249FBAD435E3CF244105253DC8EC85FFE33A2F0146D2BC7BD669B"
  ],
  "procedureType": [
    "47396220"
  ],
  "callIdentifier": [
    "EC-FISMA/2026/OP/0010"
  ],
  "cftPlannedDate": [],
  "esDA_QueueDate": [
    "2026-10-12T05:01:54.733+0200"
  ],
  "es_ContentType": [
    "text/plain"
  ],
  "esDA_IngestDate": [
    "2026-10-12T05:01:54.739+0200"
  ],
  "programmePeriod": [
    "2014 - 2020",
    "2021 - 2027"
  ],
  "geographicalZone": [],
  "indicativeLaunch": [],
  "cftCorrigendaList": [],
  "geographicalZones": [],
  "cftBuyerProfileUrl": [],
  "cftMaxNumberOfLots": [],
  "cftProcurementType": [
    "31095498"
  ],
  "frameworkProgramme": [],
  "esDA_FirstIngestDate": [
    "2026-10-12T05:01:54.739+0200"
  ],
  "cftContractNoticeLink": [
    "[\"700915-2026\",\"197/2026\",\"2026-10-12T00:00:00\"]"
  ],
  "cftContractingSystems": [],
  "cftInterinstitutional": [],
  "cftPartyLegalEntityId": [
    "47352502"
  ],
  "cftSubmissionsAllowed": [
    "true"
  ],
  "cftPublicationDateEForm": [
    "2026-10-12T00:00:00"
  ],
  "cftSubmissionMethodCode": [
    "ESUBMISSION"
  ],
  "cftSubscriptionsAllowed": [
    "true"
  ],
  "cftPublishedPinReference": [],
  "cftTendersMayBeSubmitted": [],
  "conditionOfParticipation": [],
  "programmeDivisionProspect": [],
  "cftEXARegistrationDeadline": [],
  "cftQuestionsAnswersAllowed": [
    "true"
  ],
  "cftPublicationDisplayStatus": [],
  "cftEstimatedTotalProcedureValue": [
    "300000 EUR"
  ],
  "cftLeadContractingAuthorityCode": [
    "[{\"name\":\"European Commission, DG FISMA - Financial Stability, Financial Services and Capital Markets Union\",\"link\":\"https://ec.europa.eu/info/departments/financial-stability-financial-services-and-capital-markets-uni\",\"isLeadAuthority\":true}]"
  ],
  "cftEstimatedOverallContractAmount": [
    "300000"
  ],
  "cftEstimatedOverallContractCurrency": [
    "EUR"
  ]
}