Tender

Cost Modelling STEP

UNITED KINGDOM ATOMIC ENERGY AUTHORITY

This public procurement record has 1 release in its history.

Tender

12 Mar 2021 at 19:31

Tender Notice
Summary of the contracting process

The United Kingdom Atomic Energy Authority (UKAEA) is currently engaged in an open procurement process titled "Cost Modelling STEP". This tender falls within the goods category, specifically targeting financial analysis and accounting software packages, with the procurement located in the South East region of the United Kingdom. Key dates include the tender period closing on 12 April 2021 and the contract period commencing on 13 April 2021, with a total estimated contract value of £230,000. The contract is structured for an initial period of three years, with possible extensions extending it to five years.

This tender represents a significant opportunity for software companies and financial service providers that specialise in cost modelling and accounting solutions, particularly those with experience providing analytical tools for complex projects such as fusion reactor development. Businesses equipped to deliver both top-down and detailed bottom-up costing solutions would find themselves well-positioned to compete. With the UKAEA transitioning from a basic costing framework to a more comprehensive model, firms able to offer innovative, scalable software solutions will be highly sought after.

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Notice Information

Notice Title

Cost Modelling STEP

Notice Description

The UKAEA cost management team currently consists of 4 cost engineers. The function is responsible for costing the STEP prototype and commercial fusion reactors. Costing to date has been at top-down level and the aim is to transition to detailed bottom-up costing on sub-systems where the design reaches sufficient level of maturity. Therefore, in the next 2 years, the fusion reactor costing will consist of both top-down and bottom-up costing. Also, on suitable sub-systems and components, value engineering activities are planned. A bespoke in-house solution is being used for the top-down model and a commercial external solution is being sought for the next steps of cost modelling that need to scale from the existing top-down to a full bottom-up cost model of the STEP prototype reactor as well as extrapolate to commercial fusion reactors. The contract will be in place for 3 +1+ 1 Years - Total of 5 years

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5f2c5015-8cf0-4751-8d14-ed0a118fbdf1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4ac0c749-f042-4857-bff5-9dc0a47c1027
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48440000 - Financial analysis and accounting software package

48441000 - Financial analysis software package

48461000 - Analytical or scientific software package

Notice Value(s)

Tender Value
£230,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20214 years ago
Submission Deadline
12 Apr 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 Apr 2021 - 14 Apr 2021 30 days
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
UNITED KINGDOM ATOMIC ENERGY AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ABINGDON
Postcode
OX14 3DB
Post Town
Oxford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
TLJ South East (England)
Local Authority
South Oxfordshire
Electoral Ward
Sandford & the Wittenhams
Westminster Constituency
Didcot and Wantage

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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