Award

Optimism Bias - Developing the Evidence Base

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

22 Mar 2019 at 11:35

Award Notice
Summary of the contracting process

The procurement process titled "Optimism Bias - Developing the Evidence Base" was conducted by The Department for Transport in the industry category of transport systems consultancy services. This project aimed to update outdated evidence for optimism guidance in WebTAG, addressing current cost datasets. The procurement method used was a direct single tender action, and the contract period commenced on 20 March 2019, lasting until 28 June 2019. The awarded contract, valued at £64,000, was announced on 22 March 2019.

This tender presents a significant opportunity for consultancy firms specialising in transport systems analysis and evidence-based research. Businesses well-suited to compete include those with proven experience in data collection and analysis, particularly regarding economic forecasting and cost assessment for transportation projects. Engaging in such contracts can facilitate growth and bolster reputations in the public sector, especially for companies capable of demonstrating innovative solutions to enhance transport systems.

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Notice Information

Notice Title

Optimism Bias - Developing the Evidence Base

Notice Description

The aim of this research is to update the evidence base for the Optimism Guidance in WebTAG. The current guidance has come under scrutiny for being outdated as it fails to capture specific characteristics, complexities, and risk profiles of schemes as well as depending on datasets from 2002. This research project will acquire current cost datasets from various departments and organisations in order to update Optimism Bias uplift values.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5a0d5280-30e3-4a6b-9bcd-a9f91139d430
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22911e09-f4b3-494e-be13-41c49aec88d1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

CPV Codes

71311200 - Transport systems consultancy services

Notice Value(s)

Tender Value
£64,000 Under £100K
Lots Value
Not specified
Awards Value
£64,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Mar 20196 years ago
Submission Deadline
20 Mar 2018Expired
Future Notice Date
Not specified
Award Date
20 Mar 20187 years ago
Contract Period
20 Mar 2019 - 28 Jun 2019 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
THE DEPARTMENT FOR TRANSPORT
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
SW1P 4DR
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
Vincent Square
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

OXFORD GLOBAL PROJECTS

Further Information

Open Contracting Data Standard (OCDS)

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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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