Tender

Forecasting Model

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Tender

09 Mar 2021 at 15:07

Tender Notice
Summary of the contracting process

The West Midlands Combined Authority is currently engaged in the procurement process for a project titled "Forecasting Model," aimed at enhancing regional data capabilities through improved economic forecasting. This tender falls under the goods category, specifically related to mathematical or forecasting software, with a total value of £150,000. The procurement method is an open procedure, and interested parties must submit their bids by 24 March 2021. The contract is expected to commence on 12 April 2021 and will last until 12 April 2024, with delivery addresses based in Birmingham, West Midlands.

This opportunity presents significant growth potential for businesses dealing in analytical, scientific, or mathematical software development services. Small and medium-sized enterprises (SMEs) that possess expertise in forecasting tools or methodologies will find this tender particularly aligned with their capabilities. By participating in this procurement, businesses can contribute to the development of strategic investment cases and enhance their presence within the public sector, ultimately fostering long-term partnerships with regional authorities.

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Notice Information

Notice Title

Forecasting Model

Notice Description

The Office for Data analytics carried out a review of regional data requirements as part of scoping the needs of the region. The application and use of economic forecasts is a clear gap in capacity, alongside inconsistent use of forecasts, due to time periods, assumptions, methodology and interpretation. Therefore, this procurement seeks to bring partners together, build capacity to utilise and apply forecasts in strategy development and project assessments. This model will support the development of a stronger evidence base for coherent strategic cases for investment and understanding of the potential change and should inform and guide the development of businesses cases (as per the New Green Book HMT 2020). Additional information: This opportunity must be accessed via WMCA's BravoSolution e-tendering system (https://WMCA.bravosolution.co.uk)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9e17e073-6ef0-43da-8cbd-467e517f2619
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

72 - IT services: consulting, software development, Internet and support

CPV Codes

48462000 - Mathematical or forecasting software package

72212460 - Analytical, scientific, mathematical or forecasting software development services

72212462 - Mathematical or forecasting software development services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20214 years ago
Submission Deadline
24 Mar 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
11 Apr 2021 - 12 Apr 2024 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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