Award

Preparing for Road Investment Strategy 3: Enhancements

OFFICE OF RAIL AND ROAD

This public procurement record has 2 releases in its history.

Award

01 Sep 2021 at 15:42

Award Notice
Tender

18 Jun 2021 at 13:29

Tender Notice
Summary of the contracting process

The OFFICE OF RAIL AND ROAD has completed the tender process for a project titled "Preparing for Road Investment Strategy 3: Enhancements," involving financial consultancy services. This procurement, conducted through an open procedure, was initiated on 18 June 2021, with a tender period that ended on 30 July 2021. The awarded contract is valued at approximately £119,481.25 and covers a contract period from 31 August 2021 to 21 February 2022. The procurement's geographical focus is London, England.

This tender offers significant opportunities for businesses in the financial consultancy sector, particularly small and medium-sized enterprises (SMEs), to establish a foothold in public sector projects. Companies capable of providing analysis and benchmarking for cost estimates in transportation projects would be well-suited to compete, as the outcomes of this study will shape assessment approaches for future Highways England plans.

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Notice Information

Notice Title

Preparing for Road Investment Strategy 3: Enhancements

Notice Description

The purposes of this study are two-fold. Firstly, it is intended to provide understanding to the ORR of the independently audited unit rates and assumptions underlying Highways England's internal scheme cost estimates, and that these are comparable with appropriate external benchmarks. Secondly, the study should provide the ORR with a better understanding of the way in which rates are updated over time. In doing so, the study should assess the extent to which improvements in efficiency are reflected in the forecast costs of future projects. We expect the outcomes of the study to shape the approach we take to assessing Highways England's plans for RP3. For example, if we have a high level of confidence in the assumptions underlying Highways England's forecasts, this will allow us to devote less resources to challenging the cost estimates for individual projects.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/545cbc46-3c2d-486a-a08d-c0f2f10478e2
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
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
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£119,481 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Sep 20214 years ago
Submission Deadline
30 Jul 2021Expired
Future Notice Date
Not specified
Award Date
30 Aug 20214 years ago
Contract Period
30 Aug 2021 - 21 Feb 2022 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
OFFICE OF RAIL AND ROAD
Contact Name
Not specified
Contact Email
procurementteam@orr.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4QZ
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

THE NICHOLS GROUP

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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