Award

NU1246-14 PARTICIPANT HUB: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

NEWCASTLE UNIVERSITY

This public procurement record has 1 release in its history.

Award

05 Feb 2019 at 09:15

Award Notice
Summary of the contracting process

The procurement process, initiated by Newcastle University, centres around the tender titled "NU1246-14 PARTICIPANT HUB". This project falls under the financial consultancy services sector and is located in Newcastle, North East England. It is currently at the Award stage, having been completed on 5th February 2019. The tender period concluded on 21st January 2019, with a contract valued at £25,000 running from 1st March to 30th September 2019. The procurement method utilised was an open procedure, allowing widespread participation.

This tender presents a unique opportunity for SMEs, particularly those providing consultancy services or expertise in academic research applications. Businesses that specialise in creating survey methods, data analysis, or customer insight would be particularly well-suited to compete in this process. The Participant Hub aims to innovate in the business fact-finding market, making this a prime chance for companies to showcase their skills in a rapidly growing sector valued at approximately £4.8 billion annually.

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Notice Information

Notice Title

NU1246-14 PARTICIPANT HUB: Commercialisation of university research through provision of management skills to assist in successful spin-out company creation

Notice Description

The Participant Hub Ltd (TPH) is a proposed Survey Platform spinout company from Durham's Department of Psychology. It intends to serve the need of businesses wishing to more precisely and rapidly understand customers' needs (Business Fact-Finding). This market is currently estimated to be worth about PS4.8b pa and employs 73,000 people . It is proposed that TPH will enter this market by first establishing itself in the smaller market for Academic Researchers. Academic research groups utilise on-line surveys to establish scientific facts for the purpose of publishing academic papers (Scientific Fact-Finding). By first operating in the Scientific Fact-Finding market, TPH will be able to develop the capacity and expertise to expand into the vast Business Fact-Finding market. TPH will create new survey methods, recruitment techniques, and business approaches that have the potential to serve customers more efficiently then the incumbent players in the Business Fact-Finding market.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ecbe5b34-a885-4624-906a-5236b286b4c3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c28a3494-df39-405a-9887-04f375c24766
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£25,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20197 years ago
Submission Deadline
21 Jan 2019Expired
Future Notice Date
Not specified
Award Date
5 Feb 20197 years ago
Contract Period
1 Mar 2019 - 30 Sep 2019 6-12 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
NEWCASTLE UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE
Postcode
NE1 7RU
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

HERMISTON CONSULTING

Further Information

Notice Documents

Notice URLs

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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