Award

Interim Econometrician Support on Cost Assessment

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 2 releases in its history.

AwardUpdate

17 May 2018 at 13:24

Award Notice
Award

16 Apr 2018 at 10:43

Award Notice
Summary of the contracting process

The procurement process, initiated by the Water Services Regulation Authority, involves the tender titled "Interim Econometrician Support on Cost Assessment," aimed at consultancy services within the UK water sector. The tender period concluded on 22 January 2018, following a selective procurement method via a framework agreement. The awarded contract, valued at £23,100, was effective from 29 January 2018 to 29 March 2018, with services to be delivered in London, England.

This tender presents a valuable opportunity for consultancy firms that specialise in econometric modelling, particularly those with expertise in utility sectors and cost efficiency assessment. Small and medium enterprises (SMEs) with capabilities in developing analytical approaches to evaluate residential retail costs would be particularly well-suited to compete in this process, fostering business growth through targeted public sector contracts.

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Notice Information

Notice Title

Interim Econometrician Support on Cost Assessment

Notice Description

Purpose On 13 December 2017 we published our final methodology for the 2019 price review (PR19). This set out our approach to securing cost efficiency and outlined how we will assess company costs and set efficient cost baslines for water companies at PR19. We will use comparative assessment to form a view of comparative efficiency in the sector. This includes: * econometric models for cost benchmarking - these models will cover the majority of companies' costs; and * a separate assessment of cost items that are not covered by the main econometric models, such as components of enhancement expenditure. We are looking for one econometrician to help us refine our initial set of cost assessment models in the area of residential retail services. The successful candidate may also be asked to provide econometrician support on other areas of cost assessment. Residential retail expenditure covers costs associated with providing a customer service function, meter reading activity and doubtful debt (including expenditure to manage the recovery of customer debt), which is a material component of residential retail costs. Retail expenditure may be driven by a number of factors including type and number of customers, customer bill size and deprivation levels in the area served (relevant to the assessment of bad debt). Key responsibility and outputs The key output is the development of robust models and analytical approaches to assess cost efficiency in residential retail. The successful candidate may also be asked to provide econometric support support on other areas of cost assessment. We require one econometrician experienced in cost modelling and preferably with knowledge of retail funtions in utility sectors. The successful candidate will provide econometric modelling support, data analysis, advice and assurance to assist us in the development of econometric models to assess residential retail costs. The successful candidate will be required to work closely with the cost assessment team. The candidate will need to work collaboratively in a multi-disciplinary environment, with colleagues across the cost assessment team.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f9f0b789-ca0a-4832-b899-d278beb9af3b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£23,100 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20187 years ago
Submission Deadline
22 Jan 2018Expired
Future Notice Date
Not specified
Award Date
26 Jan 20188 years ago
Contract Period
29 Jan 2018 - 29 Mar 2018 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
WATER SERVICES REGULATION AUTHORITY
Contact Name
Not specified
Contact Email
mailbox@ofwat.gsi.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B5 4UA
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
TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

EUROPE ECONOMICS

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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