Award

UK SBS FWRECR17118BEIS - The Impacts of Commercial Property

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 1 release in its history.

Award

07 Nov 2017 at 11:54

Summary of the contracting process

The procurement process, titled "UK SBS FWRECR17118BEIS - The Impacts of Commercial Property," is conducted by UK Shared Business Services Limited, aiming to address an evidence gap on the impact of commercial property investments on local labour markets and productivity. The contract, classified under Research and Development Consultancy Services, was awarded on 2nd November 2017, with a total value of £89,435. The contract period runs from 3rd November 2017 to 30th March 2018, with delivery expected in London, United Kingdom. The tender process followed an "Other - Research and Evaluation Framework" methodology and is currently in the Award stage.

This tender presents significant opportunities for businesses engaged in economic research and consultancy services, particularly those with expertise in evaluating the impact of commercial properties on local economies. Suitable competitors may include small and medium-sized enterprises that specialise in market analysis, economic assessments, or geographical studies. By engaging in this contract, businesses stand to contribute to insights that could guide future policy decisions and projects aimed at enhancing local economic growth across the UK.

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Notice Title

UK SBS FWRECR17118BEIS - The Impacts of Commercial Property

Notice Description

To address an evidence gap on the impact of commercial property investments on local labour markets in general, and productivity more specifically. This research will provide evidence on whether there are any impacts on local labour markets and productivity, as well as further positive external benefits as a result of new developments. The outputs of this research will support the work of BEIS and the Unit. The outputs will be used to improve economic appraisals involving commercial property. Estimates on the impacts of commercial property interventions will be used in the building and appraising of business cases for spatial interventions for the Unit. These estimates can also be used to support the appraisal of future BEIS policies where site development is a main element of the intervention. The evidence generated will feed into any policies with a site development element, contributing to a wide range of work streams. These include, for example, supporting the building of new manufacturing plants and (potentially) the geographical placement of new innovation hubs. This study also complements the current work on the impact of incubators and accelerators in the UK, contributing by taking a different (micro-level) perspective. Work is required to provide estimates on the impact of new commercial property on labour markets for use within economic appraisals. This is of particular interest for the Unit's work on devolution, Enterprise Zones and Growth Hubs, as well as the Department's on-going work in assessing the impact of incubators and accelerators. These programmes aim to promote local economic growth as a way of raising prosperity in all parts of the UK, and clearly can have an effect on local labour markets. The area is also clearly of significant importance for BEIS considering the current work aimed at improving the Department's appraisal guidance, and the on-going discussions with Her Majesty's Treasury and DCLG about employment assumptions around new property developments. Objectives 1. To produce estimates on the impact on firm turnover and employee wages from new commercial properties. 2. To explore the role of new commercial property for driving local economic growth, local labour markets, and productivity more generally, by testing over different spatial units. 3. To support on-going work on the impact of accelerators and incubators in UK economy. The study should primarily test for any impacts at the firm level, by different types of development if possible, and then for impacts over varying distances / geographical units to identify any issues such as displacement.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-860e525b-f9e9-44db-8a34-2f60b89e510e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3c12f4f8-ba2f-4c91-96c1-028adfd81be6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Research and Evaluation Framework
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

73200000 - Research and development consultancy services

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£95,000 Under £100K
Lots Value
Not specified
Awards Value
£89,435 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Nov 20178 years ago
Submission Deadline
13 Oct 2017Expired
Future Notice Date
Not specified
Award Date
2 Nov 20178 years ago
Contract Period
3 Nov 2017 - 30 Mar 2018 1-6 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
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN2 1ET
Post Town
Swindon
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
TLI London

Local Authority
Swindon
Electoral Ward
Rodbourne Cheney
Westminster Constituency
Swindon North

Supplier Information

Number of Suppliers
1
Supplier Name

CAMBRIDGE ECONOMETRICS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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