Award

Stacking of nature market credits

DEFRA NETWORK ETENDERING PORTAL

This public procurement record has 3 releases in its history.

Award

18 Oct 2023 at 10:37

TenderUpdate

24 Aug 2023 at 10:28

Tender

15 Aug 2023 at 11:05

Summary of the contracting process

The public procurement process for the project titled "Stacking of nature market credits" is being conducted by the Defra Network eTendering Portal, a Ministry or national authority in the UK dedicated to environmental protection. The project falls under the economic research services category. The procurement stage is currently active, with a contract period starting on October 16, 2023, and ending on March 31, 2024. The tender deadline for submission is September 18, 2023. The project aims to facilitate research to inform Defra's decision-making regarding stacking credits in nature markets, providing opportunities for businesses in the economic research and consultancy services sector.

This tender presents an opportunity for businesses specializing in economic research services, research consultancy, and environmental issues consultancy to compete and support Defra's objectives. The procurement method is an open procedure, allowing fair competition among suitable suppliers. Interested businesses must adhere to the submission terms and bid validity period, ensuring compliance with the outlined requirements for participation. The project offers a chance for qualified companies to contribute to environmental integrity and private finance ambitions while addressing critical research gaps within compliance markets. Businesses with expertise in research services and sustainability practices are well-suited to collaborate on this procurement opportunity.

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Notice Title

Stacking of nature market credits

Notice Description

The Nature Markets Framework, published in March 2023, sets out the principles required<br/>to ensure environmental integrity while combining multiple ecosystem service revenue<br/>streams from a single intervention r (stacking), but Defra is yet to make a decision on<br/>whether to increase the number of circumstances where stacking is allowed in nature<br/>markets. There lacks a sound evidence base to inform this decision, and it is unclear what<br/>stacking model would be most effective at delivering Defra's environmental and private<br/>finance ambitions as well as the effect on costs to developers within our compliance markets<br/>(biodiversity net gain and nutrient neutrality). This research is a critical enabler to deliver on<br/>Defra's commitment to provide clarity to landowners on the ability to stack credits on their<br/>land that was set out in the Nature Markets Framework.

Lot Information

Lot 1

The Nature Markets Framework, published in March 2023, sets out the principles required
to ensure environmental integrity while combining multiple ecosystem service revenue
streams from a single intervention r (stacking), but Defra is yet to make a decision on
whether to increase the number of circumstances where stacking is allowed in nature
markets. There lacks a sound evidence base to inform this decision, and it is unclear what
stacking model would be most effective at delivering Defra's environmental and private
finance ambitions as well as the effect on costs to developers within our compliance markets
(biodiversity net gain and nutrient neutrality). This research is a critical enabler to deliver on
Defra's commitment to provide clarity to landowners on the ability to stack credits on their
land that was set out in the Nature Markets Framework.

Options: Option to extend for a maximum of 12 months.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03efe0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030723-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services

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

90 - Sewage, refuse, cleaning and environmental services


CPV Codes

66152000 - Financial market regulatory services

73000000 - Research and development services and related consultancy services

73110000 - Research services

73210000 - Research consultancy services

79310000 - Market research services

79311400 - Economic research services

90713000 - Environmental issues consultancy services

Notice Value(s)

Tender Value
£1
Lots Value
£1
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Oct 20232 years ago
Submission Deadline
18 Sep 2023Expired
Future Notice Date
Not specified
Award Date
30 Mar 20232 years ago
Contract Period
15 Oct 2023 - 31 Mar 2024 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
DEFRA NETWORK ETENDERING PORTAL
Contact Name
Jemma Godleman
Contact Email
jemma.godleman@defra.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1P 3JR
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

OVE ARUP AND PARTNERS

Open Contracting Data Standard (OCDS)

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