Tender

Stacking of nature market credits

DEFRA

This public procurement record has 2 releases in its history.

Tender

16 Aug 2023 at 10:39

Tender Notice
Tender

15 Aug 2023 at 10:51

Tender Notice
Summary of the contracting process

The Department for Environment, Food & Rural Affairs (DEFRA) is inviting tenders for the project "Stacking of nature market credits." This procurement falls under the category of research and development consultancy services. The tender aims to provide an evidence-based understanding of different stacking models in UK nature markets with specific focus on economic, environmental, and social outcomes. The tender deadline for submissions is 18th September 2023, with the contract period running from 16th October 2023 to 31st March 2024.

This opportunity is well-suited for businesses offering economic research, research consultancy, market research, financial market regulatory, and environmental issues consultancy services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are particularly encouraged to apply. The procurement method is an open procedure above threshold, providing equal chances for a diverse range of service providers to contribute to Defra's environmental and financial ambitions through this research project.

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Notice Information

Notice Title

Stacking of nature market credits

Notice Description

The Nature Markets Framework, published in March 2023, sets out the principles required to ensure environmental integrity while combining multiple ecosystem service revenue streams from a single intervention (stacking). Defra is yet to develop policy on whether to increase the number of circumstances where stacking is allowed in UK nature markets. There lacks a sound evidence base, and it is unclear what stacking model would be most effective at delivering Defra's environmental and private finance ambitions as well as the effect on costs to developers within our compliance markets (biodiversity net gain and nutrient neutrality). This research will seek to provide Defra with an understanding of the empirical theory and evidence on stacking and is expected to provide insight into the impact of different stacking models on economic, environmental, and wider social outcomes. The research should provide specific consideration to ecosystem service measurement challenges, additionality issues, the interaction between voluntary and compliance market schemes, and variations in nature market rules.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5a691b29-f6fb-4c98-b787-18a5e45de0ff
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ee12743-03b3-4206-b226-d054a0989eac
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

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

90 - Sewage, refuse, cleaning and environmental services

CPV Codes

66152000 - Financial market regulatory services

73200000 - Research and development consultancy services

73210000 - Research consultancy services

79310000 - Market research services

79311400 - Economic research services

90713000 - Environmental issues consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Aug 20232 years ago
Submission Deadline
18 Sep 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
15 Oct 2023 - 31 Mar 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEFRA
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 3JR
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

Further Information

Notice Documents

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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