Award

PR23 recalibration of the Network Rail passenger Schedule 8 regime

OFFICE OF RAIL AND ROAD

This public procurement record has 2 releases in its history.

Award

21 Oct 2022 at 09:27

Tender

09 Aug 2022 at 13:52

Summary of the contracting process

The Office of Rail and Road (ORR) has awarded a contract for the recalibration of the passenger Schedule 8 regime as part of its 2023 Periodic Review of Network Rail. The procurement process was open, with the contract value set at £320,235 GBP. The contract period is from 17th October 2022 to 27th November 2023. The Office of Rail and Road, a large buyer based in London, England, initiated this procurement, identifying the main procurement category as financial consultancy services.

This tender by the Office of Rail and Road presents business opportunities for firms specialising in financial consultancy services and business analysis consultancy services. Small and medium-sized enterprises (SMEs) are considered suitable for participation. The procurement method employed was an open procedure above the threshold, with the tender closing on 9th September 2022. Businesses looking to engage in the recalibration of industry performance regimes and financial planning within the rail sector are well-suited to compete for this contract.

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Notice Title

PR23 recalibration of the Network Rail passenger Schedule 8 regime

Notice Description

The Office of Rail and Road (ORR) is currently carrying out its 2023 Periodic Review of Network Rail (PR23). This will set the outputs and funding for Network Rail for Control Period 7 (CP7) which will run from 1st April 2024 to 31st March 2029. As part of this process, ORR is reviewing the Schedule 8 regime. Schedule 8 is the industry performance regime, which incentivises Network Rail and train operators for fluctuations in train performance from pre-determined benchmarks, and in so doing provides financial protection to operators against unplanned disruption. ORR's work on Schedule 8 is part of the 'charges and incentives' pillar of PR23 and is being led by ORR's Rail Economics team. This ITT for the recalibration of the passenger Schedule 8 regime and covers the following work: *Network Rail Benchmarks *Train Operator Benchmarks *Network Rail Payment Rates *Train Operator Payment Rates *Sustained Poor Performance thresholds

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-92164134-0817-4e47-9704-d67170ccc4b2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6188a03b-5313-4555-b742-b6d170603dca
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support


CPV Codes

66171000 - Financial consultancy services

72221000 - Business analysis consultancy services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
Not specified
Awards Value
£320,235 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20223 years ago
Submission Deadline
9 Sep 2022Expired
Future Notice Date
Not specified
Award Date
16 Oct 20223 years ago
Contract Period
16 Oct 2022 - 27 Nov 2023 1-2 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
OFFICE OF RAIL AND ROAD
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
E14 4QZ
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

OVE ARUP & PARTNERS

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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