Award

Understanding the costs and benefits of Smart Data Schemes- Economic Modelling Research

DEPARTMENT FOR BUSINESS AND TRADE

This public procurement record has 2 releases in its history.

AwardUpdate

25 Feb 2025 at 10:57

Award Notice
Award

13 Jan 2025 at 11:36

Award Notice
Summary of the contracting process

The Department for Business and Trade has awarded a contract for economic modelling research to understand the costs and benefits of Smart Data schemes. This procurement falls under the industry category of research and development consultancy services and is expected to cover regions including British Overseas Territories, the Channel Islands, Europe, the Isle of Man, the Rest of the World, and the United Kingdom. The tender process commenced with the tender period concluding on 15th November 2024, followed by the contract period starting on 24th December 2024 and ending on 31st March 2025. The procurement method used was selective, specifically a call-off from a dynamic purchasing system, and the total value of the contract is £110,880. The awarded supplier is The PSC, a large-scale company based in London.

This tender represents an excellent opportunity for businesses involved in economic research, consultancy, and data analysis to engage with governmental projects that have extensive geographical implications. Small and Medium-sized Enterprises (SMEs) and Voluntary, Community, and Social Enterprises (VCSEs) are particularly encouraged to partake in such tenders due to suitability considerations. Companies with expertise in providing high-quality economic modelling and analysis can leverage this opportunity to expand their portfolio and gain valuable experience working with a central governmental department such as the Department for Business and Trade.

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Notice Information

Notice Title

Understanding the costs and benefits of Smart Data Schemes- Economic Modelling Research

Notice Description

The requirement is to procure research to help strengthen DBT's understanding of the costs and benefits of different Smart Data schemes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ea8a47df-0fc7-45db-802e-278673159281
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, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
£110,880 £100K-£500K
Lots Value
Not specified
Awards Value
£110,880 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Feb 202512 months ago
Submission Deadline
15 Nov 2024Expired
Future Notice Date
Not specified
Award Date
24 Dec 20241 years ago
Contract Period
24 Dec 2024 - 31 Mar 2025 1-6 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
DEPARTMENT FOR BUSINESS AND TRADE
Additional Buyers

DEPARTMENT FOR INTERNATIONAL TRADE

Contact Name
Department for Business and Trade
Contact Email
commercialresearchandconsultancy@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2BL
Post Town
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
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE PSC

Further Information

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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