Award

Inflation Advisory Services

HS2

This public procurement record has 1 release in its history.

Award

16 Dec 2020 at 11:10

Summary of the contracting process

The procurement process for Inflation Advisory Services was initiated by High Speed Two (HS2), based in Birmingham, England. The contract, worth £370,000, was awarded to NERA Consulting Ltd on 7th April 2020. The industry category is classified under financial consultancy services, and the procurement method used was a single tender action below the threshold. The service contract is set to last for three years, beginning on 8th April 2020 and concluding on 7th April 2023. The tender was officially published on 16th December 2020.

This advisory service contract presents significant opportunities for businesses involved in financial consultancy, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that can provide specialised inflation advisory services. Firms with expertise in financial transaction processing and clearing-house services are well-suited to compete for similar tenders in the future, leveraging the experience gained from such contracts to expand their service offerings and client base.

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Notice Title

Inflation Advisory Services

Notice Description

A contract has been awarded to NERA Consulting Ltd for the provision of inflation Advisory Services for a period of 3 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77bed9d5-3b8e-43a8-929e-e98e026643c7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5bee9be-57ad-4903-852f-b95284394b52
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£370,000 £100K-£500K
Lots Value
Not specified
Awards Value
£309,770 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Dec 20205 years ago
Submission Deadline
7 Apr 2020Expired
Future Notice Date
Not specified
Award Date
6 Apr 20205 years ago
Contract Period
7 Apr 2020 - 7 Apr 2023 2-3 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
HS2
Contact Name
Not specified
Contact Email
james.patterson@hs2.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

NERA CONSULTING

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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