Award

Updating Agglomeration Elasticities

DEPARTMENT OF TRANSPORT

This public procurement record has 1 release in its history.

Award

16 Jan 2019 at 14:18

Award Notice
Summary of the contracting process

The procurement process was conducted by the Department of Transport for the project titled "Updating Agglomeration Elasticities," which falls under the industry category of financial consultancy services. This project aims to develop forecasting and appraisal methods to enhance the economic evidence base related to transport schemes. The tender process was completed with a total value of £78,920, having been awarded on 10 January 2019. The contract commenced on 11 January 2019 and concluded on 2 August 2019. The procurement method used was selective, specifically a call-off from a framework agreement.

This tender presents significant business growth opportunities, particularly for companies specialising in financial consultancy and economic analysis within the transport sector. Firms that can leverage their expertise in developing robust forecasting methods and economic impact assessments would be well-positioned to compete in similar future tenders. Such businesses can capitalise on the ongoing need for high-quality analytical services as governmental bodies strive to make informed investment decisions in transport infrastructure.

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Notice Information

Notice Title

Updating Agglomeration Elasticities

Notice Description

Developing forecasting and appraisal methods is one of the directorate's key priorities as set out in the its evidence and research strategy. This project will support the development of a high quality evidence base on the wider economic impacts of transport schemes. It also fits with TASM's theme of transformational investments and housing as part of the Analytical and Modelling Strategy being developed in 2018.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8f749f3-e200-4eaa-a27e-76ae5cf567b0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£78,920 Under £100K
Lots Value
Not specified
Awards Value
£78,920 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jan 20197 years ago
Submission Deadline
10 Jan 2019Expired
Future Notice Date
Not specified
Award Date
10 Jan 20197 years ago
Contract Period
11 Jan 2019 - 2 Aug 2019 6-12 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
DEPARTMENT OF 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

CAMBRIDGE ECONOMETRICS

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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