Award

Research to understand the UK Hidden Economy

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

09 May 2025 at 09:12

Summary of the contracting process

The contracting process initiated by H M Revenue & Customs focuses on the procurement of research services to understand the Hidden Economy within the UK. This procurement, identified as CW100171, falls under the industry category of "Research and development services and related consultancy services" with the CPV code 73000000. The tender follows a selective procurement method through a call-off from a dynamic purchasing system, indicating a tailored selection process. The contract, valued at £370,000 and active as of 16 April 2025, will span from 14 April 2025 to 13 April 2028. Located in the United Kingdom, the tender period concluded on 3 March 2025, and the project's strategic duration suggests an in-depth investigative approach.

This tender presents a significant opportunity for businesses engaged in research and development services, particularly those capable of delivering comprehensive insights into economic activities. The selective procurement method and the project's focus on the UK's Hidden Economy suggest that businesses with specialised expertise and experience in economic research stand a better chance of success. Furthermore, the invitation to SMEs implies potential growth avenues for smaller enterprises capable of providing innovative methodologies or tools that can enhance the understanding of such economic areas. Large firms like the awarded supplier Verian Group UK Ltd also demonstrate that entities with robust infrastructures can successfully compete for governmental research contracts.

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Notice Title

Research to understand the UK Hidden Economy

Notice Description

Provision of research services to understand the Hidden Economy within the UK.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-71950368-1dcb-4f2b-8ac8-09399515f93c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3041bcc0-9263-4b75-821b-e69bfba18f74
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
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£370,000 £100K-£500K
Lots Value
Not specified
Awards Value
£370,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 May 20259 months ago
Submission Deadline
3 Mar 2025Expired
Future Notice Date
Not specified
Award Date
15 Apr 202510 months ago
Contract Period
13 Apr 2025 - 13 Apr 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
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
SW1A 2BQ
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

Supplier Information

Number of Suppliers
1
Supplier Name

VERIAN GROUP

Further Information

Notice Documents

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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