Award

Cross Rail 2 Affodability Review 2018

THE DEPARTMENT FOR TRANSPORT

This public procurement record has 2 releases in its history.

AwardUpdate

29 May 2018 at 15:27

Award

22 May 2018 at 14:41

Summary of the contracting process

The Department for Transport has recently completed the tender process for the "Cross Rail 2 Affordability Review 2018," a crucial undertaking in the financial and insurance services sector. The procurement method used was a single tender action, which targeted a contract value of £505,750. The contract period commenced on 30 April 2018 and is set to conclude on 31 December 2018. The tender, which had its end date for submissions on 30 March 2018, is located in London, ensuring opportunities are accessible across the United Kingdom and beyond.

This tender provides significant opportunities for growth, particularly for businesses specialising in financial and insurance services, as well as consultancy and risk management. Suitable candidates may include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations. Competitors are encouraged to apply their expertise in the assessment and management of large infrastructure schemes, especially those with experience in delivering comprehensive reports and co-ordinating multi-faceted reviews to meet the Department's stringent requirements.

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Notice Title

Cross Rail 2 Affodability Review 2018

Notice Description

"The Department received from TfL the SOBC for the proposed Crossrail 2 scheme in March this year. This was not accepted by BICC, primarily due to deficiencies in the Financial Case. The SoS and Mayor of London have agreed that an independent review should be carried out to assess the work done to date and examine options. Appointment panel members who will have overall responsibility for the delivery of the review. They will be responsible for: "* Strong and capable leadership and management of the Review being ultimately accountable for the conduct and conclusions of the Review. * Deliver a coherent and unified interim and end report that delivers against Minister's and Mayor's requirements * Work with both SROs to ensure that the review is delivering the required work to an appropriate standard and by the timelines instructed. * Coordination of the work across the 3 subject areas of cost and risk, funding and financing. Integrating the different strands into a coherent and unified whole that is compelling in its conclusions and credible in the work undertaken. * Management of the sub-panel chairs and other panel members to ensure effective and coherent delivery on their part. * Support the IPT Managing Director in managing workloads and requests from sub-panels and panel members. This includes to the advisors contracted to the IPT * Support the DfT in managing request to the independent advisors, ensuring that the scope and breadth of requests is reasonable balancing the need for independent advice, and value for money and contract limits. * Providing insight and guidance on the effective specification and delivery of multi-billion pound infrastructure schemes based on own relevant experience, skills, qualifications and knowledge. * Support the delivery of the report by the instructed timeline, including the specified checkpoints for Ministerial involvement. * Have responsibility for providing input and driving subject areas and workstreams to the highest standard possible. * Have collective reasonability for the quality, validity and robustness of the options (and any recommendations) of the Report * Ensure that the interim report deliver the necessary levels of assurance to allow Ministers to decide on next steps as part of Budget 2018 considerations. * Ensure that a full range of options are looked at in appropriate detail without prejudice and ensuring that the range are presented to Ministers to allow them to see a range of possible ways to proceed with the scheme. * Challenge existing assumptions, methods and conclusions of the previous SOBC and further work conducted in the summer of 2017. * Re-examine options previously discounted to ensure that they were not done so prematurely. * Work with other panel members to conceive; develop, refine and analyse; and reach conclusions around innovative options, possibilities and elements of the work. * Commission the IPT to deliver work and analysis as required to fulfil other responsibilities." Additional information: A total of 9 panel members have been appointed. 7 panel members are being paid by Department for Transport under contract reference A, D E, F ,G ,H and I. The other 2 x panel members under reference Contract B and C are being paid by Transport for London.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7c6f156b-40be-46df-a40f-cb38e911e20c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0a127a19-8b8b-4519-90a4-011189908d0a
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

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£505,750 £500K-£1M
Lots Value
Not specified
Awards Value
£505,750 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
29 May 20187 years ago
Submission Deadline
30 Mar 2018Expired
Future Notice Date
Not specified
Award Date
26 Apr 20187 years ago
Contract Period
29 Apr 2018 - 31 Dec 2018 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE 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
9
Supplier Names

ANDREW SENTENCE

CHRIS HOUSTON

INFRABOARD

LIZ PEACE

REDBOURNE MANAGEMENT SOLUTIONS

SAFEGUARD FINANCE

STEER DAVIES & GLEAVE

WALKER SMITH CONTRACTING

WATLING FOSSE

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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