Award

Government Cost Estimation Practices

INFRASTRUCTURE AND PROJECTS AUTHORITY : CABINET OFFICE

This public procurement record has 2 releases in its history.

AwardUpdate

02 Oct 2020 at 09:48

Award Notice
Award

02 Oct 2020 at 09:42

Award Notice
Summary of the contracting process

The Infrastructure and Projects Authority, part of the Cabinet Office, has recently completed a procurement process titled "Government Cost Estimation Practices" within the corporate finance and venture capital services industry. The contract, valued at GBP 249,500, was awarded through a selective procurement method, specifically a call-off from a framework agreement. The contract period is set to commence on 5th October 2020 and will conclude on 11th February 2021. The tender has already been processed, with the award notice published on 2nd October 2020.

This tender presents growth opportunities for businesses engaged in corporate finance and consultancy services, particularly those with experience in cost estimation and public sector projects. Firms that specialise in financial analysis, project management, and government consultancy could find this a valuable area for competition. The expertise demonstrated in the recommendations and practices evaluated in this contract could also lead to further tenders related to improving financial processes within government entities.

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Notice Information

Notice Title

Government Cost Estimation Practices

Notice Description

The IPA undertook a short review of Cost estimating practices within the public sector. This identified a number of recommendations and opportunities to improve cost estimating practices for government projects. The output from this review will be shared

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/66cc3a60-4835-4dd8-9a61-6e0881ae6304
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£249,500 £100K-£500K
Lots Value
Not specified
Awards Value
£249,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Oct 20205 years ago
Submission Deadline
16 Aug 2020Expired
Future Notice Date
Not specified
Award Date
9 Sep 20205 years ago
Contract Period
4 Oct 2020 - 11 Feb 2021 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
INFRASTRUCTURE AND PROJECTS AUTHORITY : CABINET OFFICE
Contact Name
Crown Commercial Service on behalf of Infrastructure and Projects Authority : Cabinet Office
Contact Email
supplier@crowncommercial.gov.uk
Contact Phone
3450103503

Buyer Location

Locality
LIVERPOOL
Postcode
L3 9PP
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
Not specified
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

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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