Award

Delivery of the Late Payments Economic Impact Research

DEPARTMENT FOR INTERNATIONAL TRADE

This public procurement record has 1 release in its history.

Award

04 Dec 2024 at 13:39

Summary of the contracting process

The Department for Business & Trade has awarded a contract to London Economics Ltd for the delivery of the Late Payments Economic Impact Research. This project focuses on the impact of late payments on business outcomes and the UK economy, falling under the Economic and Social research services categories. The procurement method was selective, specifically a call-off from a dynamic purchasing system. The tender process is complete, with the contract running from 5th November 2024 to 30th June 2025. The project covers a broad geographic area including the British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The contract is valued at £99,990 GBP.

This tender offers significant opportunities for businesses specialising in economic and social research services, particularly those experienced in working on projects analysing business performance and economic impacts. It is particularly suited for SMEs and VCSEs, as the contract's suitability specifically highlights these business types. Companies looking to expand their portfolio in public sector research or seeking to demonstrate their capability in handling comprehensive research projects that impact national economic policy will find this opportunity beneficial for growth.

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Notice Title

Delivery of the Late Payments Economic Impact Research

Notice Description

The Department for Business & Trade has commissioned work to London Economics to conduct a research project, looking at the impact of late payments on business outcomes and the UK economy.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/95d8b400-75c4-43bf-9f86-e668f1d818f6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a dynamic purchasing system
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79311400 - Economic research services

79315000 - Social research services

Notice Value(s)

Tender Value
£99,990 Under £100K
Lots Value
Not specified
Awards Value
£99,990 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
3 Oct 2024Expired
Future Notice Date
Not specified
Award Date
3 Oct 20241 years ago
Contract Period
5 Nov 2024 - 30 Jun 2025 6-12 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
DEPARTMENT FOR INTERNATIONAL TRADE
Contact Name
Department for Business and Trade
Contact Email
commercialresearchandconsultancy@businessandtrade.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2DY
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

LONDON ECONOMICS

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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