Award

Mayor Fares - Economist

WEST YORKSHIRE COMBINED AUTHORITY

This public procurement record has 1 release in its history.

Award

05 Dec 2023 at 10:37

Award Notice
Summary of the contracting process

The West Yorkshire Combined Authority has successfully awarded a contract for the provision of economic consulting services related to Mayor Fares. The contract was awarded to Deloitte LLP for a value of £21,000. The procurement method used was a selective procedure under the main procurement category of services. The contract period is from September 1, 2023, to February 29, 2024. The tender period ended on July 26, 2023, with the contract period starting on July 27, 2023, and ending on July 28, 2023. The project is located in Leeds, LS1 2DE, United Kingdom, and falls under the industry category of Corporate finance and venture capital services.

This contract presents an opportunity for consulting firms specialising in corporate finance and venture capital services to grow their business. The procurement process reached the award stage on August 29, 2023, paving the way for Deloitte LLP to provide economic consulting services to support the reimbursement of bus operators for Mayor Fares. External support is required to define, develop, and implement economic principles for reimbursement rates in accordance with the legal agreement. Businesses with expertise in economic consulting, financial modelling, and engagement with transportation authorities would be well-suited to compete for similar contracts in the future.

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Notice Information

Notice Title

Mayor Fares - Economist

Notice Description

The Combined Authority is seeking external support to assist in defining, developing and implementing economic principles for reimbursement of bus operators for the capped bus fare. This is required as part of the legal agreement for Mayor's Fares where it was stated that external support would be sought. As part of the legal agreement in Year 1 of Mayor's Fares, it was agreed that we would seek professional economic advice to help with the reimbursement rates and model for year 2. The work required will look at trends seen during the first year, involve engagement with the Department for Transport and provide supporting evidence for meetings with bus operators on reimbursement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f9ca7bb3-15de-4336-ba0e-0891edbf4c9c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6e914688-be72-4649-a0e5-56f83ce7cb9f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£21,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20232 years ago
Submission Deadline
26 Jul 2023Expired
Future Notice Date
Not specified
Award Date
28 Aug 20232 years ago
Contract Period
31 Aug 2023 - 29 Feb 2024 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
WEST YORKSHIRE COMBINED AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 2DE
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Little London & Woodhouse
Westminster Constituency
Leeds Central and Headingley

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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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