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Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values

DFTC - DEPARTMENT FOR TRANSPORT

This public procurement record has 1 release in its history.

Award

24 Jul 2026 at 10:22

Award Notice
Summary of the contracting process

This procurement process involved the Department for Transport (DfTc) in London, focusing on the "Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values". Categorised under research and development consultancy services, this contract serves various locations including the United Kingdom and the British Overseas Territories. Originating from a selective procurement approach via a dynamic purchasing system, the tender commenced its contract period on 1st August 2026, completing on 31st July 2028. The procurement, which was valued at £90,190 GBP, concluded at the award stage with London Economics Limited being the awarded supplier, as of 20th July 2026.

Opportunities for business growth are significant through this tender, particularly for businesses within the consultancy and advisory sectors. Small to medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would find themselves well-suited to compete in this arena due to the project's focus on consultancy services and its provision for diverse geographic applicability. The contract's structure as a call-off from a dynamic purchasing system facilitates ongoing engagement for capable businesses seeking to expand within public sector consultancy, harnessing economic appraisal and policy decision services for government entities. Such settings provide an enriching environment for entities aiming to broaden their scope in government contract sectors.

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Notice Information

Notice Title

Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values

Notice Description

This research will provide an up-to-date, robust, evidence-based values for a VOLY, WTP-QALY and VPF, with the aim of ensuring that Government economic appraisals continue to stand up to external scrutiny and provide a robust basis for informing policy decisions that will be used by UK Government Departments and Agencies.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/83407e9d-e70f-4f70-a872-97994548ea9d
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73200000 - Research and development consultancy services

Notice Value(s)

Tender Value
£90,190 Under £100K
Lots Value
Not specified
Awards Value
£90,190 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20261 weeks ago
Submission Deadline
1 May 2026Expired
Future Notice Date
Not specified
Award Date
19 Jul 20262 weeks ago
Contract Period
31 Jul 2026 - 31 Jul 2028 2-3 years
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
DFTC - 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

LONDON ECONOMICS

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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