Award

Portfolio risk - reference class forecasting study

HIGHWAYS ENGLAND

This public procurement record has 1 release in its history.

Award

07 Jan 2021 at 12:39

Summary of the contracting process

The procurement process involves Highways England, which has issued a tender titled "Portfolio risk - reference class forecasting study" within the research and development services industry, located in London, United Kingdom. The procurement method used was selective, specifically a call-off from a framework agreement. The tender period ended on 16 December 2020, and the contract is set to run from 7 January 2021 to 30 June 2021, with a total contract value of £90,979.80.

This tender presents substantial opportunities for businesses, particularly those in the research and consultancy sector, as it focuses on developing a robust dataset for forecasting. Companies with expertise in high-level analysis, data handling, and consultancy services would be well-suited to compete, especially those capable of delivering comprehensive insights into cost estimation within strategic road infrastructure projects. The involvement of a large joint venture as a supplier indicates the potential for collaboration in fulfilling complex contract requirements.

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Notice Title

Portfolio risk - reference class forecasting study

Notice Description

The purpose of this study is to provide an up-to-date and robust Highways England specific dataset to develop a reference class forecast. It will seek to understand the extent and nature to which UK strategic road infrastructure projects may underestimate costs at various points in the development of projects

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0f230191-9d09-464c-a326-a311f4414f2b
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
VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£90,979 Under £100K
Lots Value
Not specified
Awards Value
£90,979 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jan 20215 years ago
Submission Deadline
16 Dec 2020Expired
Future Notice Date
Not specified
Award Date
7 Jan 20215 years ago
Contract Period
7 Jan 2021 - 30 Jun 2021 1-6 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
HIGHWAYS ENGLAND
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
B1 1RN
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
TLI London

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

AKINS JV

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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