Award

RSSB2490 Ensuring Financial Sustainability in RSSB's Member Funded Business Model

RAIL SAFETY AND STANDARDS BOARD LIMITED

This public procurement record has 3 releases in its history.

Award

18 Apr 2017 at 11:13

Award Notice
TenderAmendment

02 Mar 2017 at 16:18

Tender Notice
Tender

01 Mar 2017 at 19:32

Tender Notice
Summary of the contracting process

The Rail Safety and Standards Board Limited (RSSB) has awarded a contract titled "RSSB2490 Ensuring Financial Sustainability in RSSB's Member Funded Business Model" to Economic Insight Limited. This procurement falls under the financial consultancy services category and took place in London, United Kingdom. The contract, resulting from an open procurement method, commenced on 27 March 2017 and concludes on 21 April 2017. The initial tender period ended on 20 March 2017, with a minimum contract value of £20,000 and a total value of £50,000.

This contract presents an opportunity for businesses specialising in financial consultancy services to engage with a significant public sector client. Firms focusing on organisational reviews and financial sustainability strategies would be particularly well-suited to compete in similar future tenders. The emphasis on sustainable financial models suggests a demand for expertise in balancing short-term and long-term financial planning, which aligns well with the services provided by small and medium-sized enterprises (SMEs) active in this industry.

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Notice Information

Notice Title

RSSB2490 Ensuring Financial Sustainability in RSSB's Member Funded Business Model

Notice Description

RSSB has awarded a contract to Economic Insight Limited to carry out an organisational review to ensure the RSSB "member-funded" business operates on a sustainable financial business model, both in terms of the short to medium term but also with regards to the long-term future.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-28d9d33d-b9d2-4a71-9285-8f62e7953bd7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/84d85bb6-4435-457e-b76a-4391b7d4ce1b
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Apr 20178 years ago
Submission Deadline
20 Mar 2017Expired
Future Notice Date
Not specified
Award Date
26 Mar 20178 years ago
Contract Period
27 Mar 2017 - 4 May 2017 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
RAIL SAFETY AND STANDARDS BOARD LIMITED
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
EC2M 2RB
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

ECONOMIC INSIGHT

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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