Award

Study on using econometrics to calculate variable charges

OFFICE OF RAIL AND ROAD

This public procurement record has 2 releases in its history.

Award

31 Jul 2024 at 08:40

Award Notice
Tender

10 Jun 2024 at 10:19

Tender Notice
Summary of the contracting process

The Office of Rail and Road (ORR) has concluded the procurement process titled “Study on using econometrics to calculate variable charges” within the feasibility study industry category, located in the United Kingdom. The tender, identified as ORR/CT/24-17, aimed to explore the feasibility of using econometrics for calculating marginal costs and variable usage charges (VUCs) for individual vehicles. Published on 10th June 2024 and completed on 18th August 2024, this procurement employed an open procedure (below threshold). The project started on 1st August 2024 and is set to conclude on 31st October 2024. The total contract value is £68,500 with the contract awarded to CEPA LLP. The procurement method was designed to be inclusive of SMEs, though VCSEs were not considered for this project.

This tender presents a valuable opportunity for consultancies and analytical firms specialising in econometrics and feasibility studies within the rail industry. Small and medium-sized enterprises (SMEs) with expertise in data analysis, econometric modelling, and transport economics can particularly benefit from this project. By contributing to the application of econometric methods in calculating VUCs, businesses can establish a significant foothold in the niche sector of rail transport economics, enhancing their portfolio and leading to further governmental contracts. The study's findings and recommendations could set the precedence for future projects, making this tender an ideal prospect for firms focusing on innovation and data-driven solutions within the railway sector.

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Notice Information

Notice Title

Study on using econometrics to calculate variable charges

Notice Description

The scope of this project covers the calculation of VUCs and the specific objective of this work is to establish the feasibility of using econometrics to calculate VUCs. The first step of the project should apply the econometric approach to calculating marginal costs and then individual vehicles variable usage charges (VUCs). Following this the study should then undertake a comparison between its findings and the findings of the engineering approach as calculated in PR23 (as per the CP7 price list). This should also consider the data Network Rail used in this process. For example, we know that the robustness of econometrics heavily depends on the quality and quantity of the data available and Network Rail may not have this. Any recommendations should take such issues into account. Finally, the study should come up with recommendations on whether it is appropriate to use two different approaches and how to do so effectively, taking into account their respective weaknesses and strengths.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2dbe40b6-c6cf-47bc-8644-64aab530879d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a29cdd28-6e41-425e-a6a8-0d5428a31ebb
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 (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79314000 - Feasibility study

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£68,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
31 Jul 20241 years ago
Submission Deadline
9 Jul 2024Expired
Future Notice Date
Not specified
Award Date
30 Jul 20241 years ago
Contract Period
31 Jul 2024 - 31 Oct 2024 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
OFFICE OF RAIL AND ROAD
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
E14 4QA
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

CEPA

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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