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Econometric modelling support

Construction Industry Training Board

This public procurement record has 2 releases in its history.

Award

01 May 2024 at 12:05

Award Notice
Tender

20 Nov 2023 at 10:05

Tender Notice
Summary of the contracting process

The Construction Industry Training Board (CITB) is seeking econometric modelling support through a restricted procedure. The tender relates to economic research services in the UK and specifically focuses on econometric modelling support. The awarded contract, valued at £198,800, was signed on 16th April 2024 with Oxford Economics Limited. The procurement stage is in the award phase, and the buying organization is the Construction Industry Training Board based in Peterborough, UK.

This procurement process for econometric modelling support by CITB presents business growth opportunities in the services industry. Businesses specialising in economic research services, particularly in econometric modelling, are well-suited to compete. The contract, currently active, involves providing forecasting and econometric modelling services for the UK construction industry. Interested parties should take note of the £800,000 contract value and the tender deadline of 29th December 2023. The open procedure allows for written submissions, and there is potential for a 4-year extension beyond the initial 2-year contract period.

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Notice Information

Notice Title

Econometric modelling support

Notice Description

econometric modelling support

Lot Information

Lot 1

econometric modelling support

Renewal: initial 2 year contract with option to extend for 2x 12 months. (total 4 years) Approx PS200,000 per year.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-041b1f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014030-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender 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

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

CPV Codes

79311400 - Economic research services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£198,800 £100K-£500K

Notice Dates

Publication Date
1 May 20242 years ago
Submission Deadline
29 Dec 2023Expired
Future Notice Date
Not specified
Award Date
16 Apr 20242 years ago
Contract Period
1 Apr 2024 - 31 Mar 2028 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Construction Industry Training Board
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PETERBOROUGH
Postcode
PE2 8TY
Postcode Area
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH41 Peterborough
Delivery Location
Not specified
Local Authority
Peterborough
Electoral Ward
Fletton and Stanground
Westminster Constituency
North West Cambridgeshire

Supplier Information

Number of Suppliers
1
Supplier Name

Oxford Economics Limited

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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