Award

Independent Inflation Expert Services to HS2 Ltd

HS2

This public procurement record has 1 release in its history.

Award

20 Apr 2023 at 16:20

Summary of the contracting process

The buying organisation HS2 has awarded a contract for Independent Inflation Expert Services to Oliver Wyman Limited. The contract has a total value of GBP 2,000,000 and a minimum value of GBP 1,712,955. The procurement method used was selective with the procurement stage completed. The contract period starts from 1st February 2023 and ends on 31st January 2026. This opportunity falls under the services category and is suitable for SMEs.

This tender by HS2 offers business growth opportunities for companies providing financial consultancy services. Businesses in the consulting industry, especially those with expertise in inflation analysis, would be well-positioned to compete effectively. The contract entails providing services to the high-speed rail project, creating a niche market for specialised financial consultancy firms. The contract period provides a stable revenue stream for the winning supplier over three years, enhancing business growth prospects.

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Notice Title

Independent Inflation Expert Services to HS2 Ltd

Notice Description

Independent Inflation Expert Services provided to HS2 Ltd. Call-Off from CCS RM6187 Management Consultancy Three (MCF3) Lot 4

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-90908244-417b-4d46-86ff-9a8be48239da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6991e7c-7941-4a70-b811-daeef34c7a7b
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
SME
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
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,712,955 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
20 Apr 20232 years ago
Submission Deadline
1 Nov 2022Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
1 Feb 2023 - 31 Jan 2026 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
HS2
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

OLIVER WYMAN

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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