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Valuing Risk in Appraisal

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

14 Oct 2026 at 09:45

Award Notice
Summary of the contracting process

The Department for Transport commissioned economic research and analysis on valuing risk in appraisal. The work is a specialist analytical service, rather than a supply of goods or construction. Delivery is described as covering the United Kingdom and a range of international locations, including Europe, the Channel Islands, the Isle of Man and British Overseas Territories. The Department for Transport is the buyer. The stated requirement is focused on assessing how risk is valued in appraisal; no further breakdown of the research tasks or outputs is set out. The work therefore suits organisations with expertise in economic research, appraisal and the analysis of risk for transport or public-sector decisions.

The procurement is complete and the contract was awarded to CEPA LLP. The award date was 13 October 2026, and the contract period runs from 14 October 2026 to 18 April 2027. The awarded contract value is £60,000. The Department for Transport used a selective mini-competition through the Government Commercial Agency’s Research & Insights dynamic purchasing system, rather than an unrestricted open tender. The submission deadline was 17 September 2026 at 4pm. The process was evaluated as a competition, but the published information does not state the scoring criteria or their weighting. The requirement was identified as suitable for small and medium-sized enterprises, and one supplier is recorded as the awardee.

This award demonstrates demand from the Department for Transport for focused research into how risk is valued in appraisal. CEPA LLP, an SME, secured the work through a mini-competition under the Research & Insights dynamic purchasing system, showing that a specialist research supplier can compete for this type of assignment through that route. A credible future competitor would need to demonstrate strong economic research and appraisal capability, with the analytical expertise to examine risk valuation in a public-sector decision-making context. Suppliers should be able to deliver a focused study across a UK and international scope. The award provides a concrete indication of the buyer’s requirement and the scale of supplier capability involved; it is relevant to research consultancies with proven experience in economic analysis rather than general research providers.

How relevant is this notice?

Notice Information

Notice Title

Valuing Risk in Appraisal

Notice Description

Award of a contract for the provision of valuing risk in appraisal analysis services. Mini competition run via GCA RM6126 Research & Insights DPS

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/16540681-50ee-444b-9bcb-d9f5385f0cf9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79311400 - Economic research services

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Oct 20261 weeks ago
Contract Period
14 Oct 2026 - 18 Apr 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE DEPARTMENT FOR TRANSPORT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 4DR
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CEPA LLP

Further Information

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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