Award

Fares and Payment Strategy Consultancy

WEST MIDLANDS COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Award

28 Aug 2024 at 07:59

Award Notice
Summary of the contracting process

The West Midlands Combined Authority has awarded a contract for consultancy services to develop a Fares and Payments Strategy. This procurement falls under the industry category of financial consultancy services (CPV 66171000) and encompasses an extensive range of transport services in Birmingham, with delivery addresses located in B19 3TR. The procurement was executed through a selective method, specifically a call-off from a framework agreement, and has now reached the award stage. The consultancy, performed by The ALCO Group Ltd (T/A ALCO Consulting), commenced on 24th June 2024 and is set to conclude by 1st October 2024. The total contract value is £74,989.41 GBP.

The awarded contract presents growth opportunities for businesses with expertise in transport consultancy, particularly those adept in fares structures, pricing models, and payment technologies. Small and medium-sized enterprises (SMEs), as well as voluntary, community, and social enterprises (VCSEs), are well-suited to compete in similar opportunities, given the project’s emphasis on technical advice and stakeholder engagement. Engaging in such consultancy roles can aid businesses in gaining exposure to public sector projects, expanding their portfolio, and establishing a foothold in the transport sector within the West Midlands region.

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Notice Information

Notice Title

Fares and Payment Strategy Consultancy

Notice Description

Transport for West Midlands (TfWM) seeks consultancy services to develop a Fares and Payments Strategy informed by the consultant's technical advice and engagement with the public and local subject matter experts as outlined in the brief. The scope of the subject to be explored will be wide; it will cover fares structures and pricing, payment technologies/options, travel tokens and validation, and a broad range of transport services - rail, light rail/tram, bus, demand responsive services (including Ring and Ride, West Midlands Bus on Demand, other community transport provision, taxis and lift sharing), shared services (including bike/scooter hire and car clubs) and broader services at interchanges/destinations such as parking (including park and ride) and EV charging.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ae25f2c8-c745-4743-b92a-3cc6401ae458
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/66782d15-3122-4aae-8b31-80a8720d011d
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, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£74,989 Under £100K
Lots Value
Not specified
Awards Value
£74,989 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Aug 20241 years ago
Submission Deadline
29 Mar 2024Expired
Future Notice Date
Not specified
Award Date
27 Jun 20241 years ago
Contract Period
23 Jun 2024 - 1 Oct 2024 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
WEST MIDLANDS COMBINED AUTHORITY
Contact Name
Susannah Turton
Contact Email
susannah.turton@wmca.org.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B19 3SD
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
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

THE ALCO GROUP LTD (T/A ALCO CONSULTING

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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