Tender

Study of HS1 Escrow Arrangements

OFFICE OF RAIL AND ROAD

This public procurement record has 1 release in its history.

Tender

16 May 2018 at 11:51

Tender Notice
Summary of the contracting process

The OFFICE OF RAIL AND ROAD is conducting a tender for a study on HS1 Escrow Arrangements, aimed at reviewing the funding mechanisms for renewals of the high-speed network. The tender, designated ORR/CT/18-12, was published on 16 May 2018, and the submission deadline is set for 1 June 2018 at 1300hrs. The procurement process follows an open method and falls under the financial consultancy services category. The contract period is expected to commence on 14 June 2018 and conclude on 19 July 2018.

This tender presents significant opportunities for businesses specialising in financial consultancy, especially those with expertise in analysing risk allocation and governance structures. Companies that can demonstrate experience in similar assessments within the rail sector or related industries will be particularly well-suited to compete. This contract, valued between £40,000 and £50,000, not only allows for engagement with a key governmental body but also opens avenues for fostering partnerships within the infrastructure management landscape.

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Notice Information

Notice Title

Study of HS1 Escrow Arrangements

Notice Description

ORR is currently undertaking a periodic review of HS1 Ltd (PR19), which determines the level of charges that the company can levy for operations, maintenance and renewals. A key component of our determination requires us to set the quantum of funding required for future renewals expenditure (that is, how much should be deposited in the Escrow account). This requires us to take into account assumptions on many factors, including interest rates and the profile of the required renewal spend over the life of the concession. While the mechanism for the funding of renewals is constrained by the contractual arrangements set out in the HS1 Concession Agreement, it is important to us that the process is as transparent as possible. The Requirement: We require a study to independently analyse the current arrangements around the Escrow account to: - identify issues and possible improvements to the allocation of risk between those involved (including train operators, HS1 Ltd, NR(HS) (as current principal contractor) and DfT), including an assessment of whether the current arrangements reflect best practice; - assess whether the governance of these arrangements is best practice; and - analyse the transparency and clarity of these arrangements. A Final Report is to be delivered to ORR by 19 July 2018. Project Objectives & Scope: Purpose: The project is intended to deliver an independent analysis of the arrangements set out by the Concession Agreement between HS1 Ltd and Government for funding of renewals on the high speed network. It should also assess how these arrangements are working in practice. Scope: The recommended proposals should align to the terms of the Concession Agreement. The project should seek comparators in rail and other industries, UK and globally, with a view to examining good practice that would work well for Government, Infrastructure Manager, and Train Operators. Additional information: This tender closes on 01 Jun 18 at 1300hrs. All communications are to be submitted through Bravo.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/80f2a7f6-9222-4eaf-ab28-0e959821c29b
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 May 20187 years ago
Submission Deadline
1 Jun 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
13 Jun 2018 - 19 Jul 2018 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

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
WC2B 4AN
Post Town
Central 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

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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