Award

Reference Class Forecasting Pathfinder CONTRACT VARIATION

DEPARTMENT FOR LEVELLING UP, HOUSING AND COMMUNITIES

This public procurement record has 1 release in its history.

Award

06 Dec 2022 at 09:36

Summary of the contracting process

The Department for Levelling Up, Housing and Communities (DLUHC) has completed a contract variation for financial consultancy services with Oxford Global Projects Limited. The contract aimed to improve financial forecasting accuracy to prevent programme underspends. The contract value was increased due to a VAT calculation error correction, with a total value of £2562.5. The procurement method used was a direct single tender action below the threshold. The contract period was from 16th May 2022 to 30th June 2022.

The procurement process led by the Department for Levelling Up, Housing and Communities presents an opportunity for businesses, particularly SMEs, to compete for service contracts in financial consultancy. Businesses providing expert advice and support in financial forecasting are well-suited for this tender. The tender was awarded on 13th May 2022 and represents a significant opportunity for growth and collaboration with the public sector in the United Kingdom.

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Notice Title

Reference Class Forecasting Pathfinder CONTRACT VARIATION

Notice Description

This contract variation has already been awarded and is published for transparency purposes. The Department for Levelling Up, Housing and Communities (DLUHC) awarded a contract for the provision of expert advice and support from an industry expert to improve financial forecasting accuracy, to prevent consistent programme underspends by increasing accuracy of forecasting profiles taking into consideration required contingency and by removing optimism bias. This variation corrects a VAT calculation error, uplifting the contract value to reflect the correction.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c4d2b140-376f-4e79-99d3-78fb9157194a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5de91305-8beb-4ed2-abe4-9abfe211c5b3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£2,562 Under £100K
Lots Value
Not specified
Awards Value
£64,062 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Dec 20223 years ago
Submission Deadline
13 May 2022Expired
Future Notice Date
Not specified
Award Date
12 May 20223 years ago
Contract Period
15 May 2022 - 30 Jun 2022 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
DEPARTMENT FOR LEVELLING UP, HOUSING AND COMMUNITIES
Contact Name
Not specified
Contact Email
commercialtenders@levellingup.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 4DF
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

OXFORD GLOBAL PROJECTS

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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