Award

PR19 - Cost Benchmarking Models

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 1 release in its history.

Award

22 Dec 2017 at 16:37

Award Notice
Summary of the contracting process

The procurement process titled "PR19 - Cost Benchmarking Models" was conducted by the Water Services Regulation Authority, based in Birmingham, England. This important contract falls under the industry category of business and management consultancy services and was awarded through a selective procurement method by a call-off from a framework agreement. The tender was initiated for the purpose of developing econometric cost models to support the 2019 price controls, and the awarding of the contract took place on 18 August 2017, with the contract period spanning from 28 August 2017 to 8 December 2017.

This tender presents significant opportunities for businesses involved in consultancy, particularly those specialised in econometrics and cost analysis within the water sector. Firms that can demonstrate expertise in developing cost models and collaborating with regulatory bodies would be well-positioned to compete for similar contracts, as the authority seeks high-quality analysis and recommendations to inform cost assessment models. The lessons learned from previous models and ongoing collaboration with academic institutions like the University of Leeds further enhance the potential impact for qualified bidders in this area of public procurement.

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Notice Information

Notice Title

PR19 - Cost Benchmarking Models

Notice Description

The objective of this work is to develop a suite of econometric cost models for our 2019 price controls. The models will provide a strong basis for setting an efficient cost allowance for water companies across the different price controls. The work will take into consideration lessons learnt from our PR14 econometric modelling approach and the CMA final determination following the reference made by Bristol Water. In developing the models we expect close collaboration between the Contractor and Ofwat's cost assessment team as well as with our academic advisors of the University of Leeds. The Contractor will be required to deliver high quality analysis and recommendations to inform our decisions on cost assessment models for PR19. The Contractor will be required to deliver a report to support the Contractor's recommendations. We expect to publish key findings from this work alongside the final methodology in December 2017. Scope of work The project consists of three work packages which the Contractor should cost separately (see section 13): Work package 1 * Develop cost assessment models for the water resources and water network plus controls. * Review and critique models developed by the Customer for the bioresources, wastewater network plus and residential retail controls. Work package 2 * Develop cost assessment models as above, as well as for the bioresources and wastewater network plus controls. * Review and critique models developed by the Customer for the residential retail control. Work package 3 * Develop cost assessment models as above, as well as for the residential retail control. Our intention for PR19 is to have a suite of econometric cost models that benchmark costs at the aggregate (wholesale) level, as well as a set of more granular models. For example, models that benchmark and assess water treatment costs, treated water distribution costs, water resources costs etc.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f7633b84-e863-467f-9c76-df5ce1c1f4b3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ef09f490-e12e-4b37-822e-d28fa6fdef8e
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£189,905 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Dec 20178 years ago
Submission Deadline
11 Jul 2017Expired
Future Notice Date
Not specified
Award Date
17 Aug 20178 years ago
Contract Period
27 Aug 2017 - 8 Dec 2017 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
WATER SERVICES REGULATION AUTHORITY
Contact Name
Not specified
Contact Email
mailbox@ofwat.gsi.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BIRMINGHAM
Postcode
B5 4UA
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

CAMBRIDGE ECONOMIC POLICY ASSOCIATES

Further Information

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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