Award

Rail Network Investment Framework

OFFICE OF RAIL AND ROAD

This public procurement record has 2 releases in its history.

Award

05 Jan 2026 at 09:51

UK7 - Contract Details Notice
Tender

14 Nov 2025 at 09:38

UK4 - Tender Notice
Summary of the contracting process

The procurement process for the Rail Network Investment Framework was initiated by the Office of Rail and Road, a central government public authority based in London, United Kingdom. This process involves an independent actuarial review of Network Rail's Industry Risk Fund and Network Rail Risk Fee Fund. The tender, identified as "ocds-h6vhtk-05e106," falls under the services category and aims to provide financial consultancy services. It was conducted using an open competition method, marked below threshold, with a procurement focusing on quality and price as criteria. Key dates include the award of the contract on 5th January 2026, with a contract period ending on 18th March 2026. The award of the contract for this project involves the Government Actuary's Department as the supplier, demonstrating active collaboration between government entities.

This tender represents a significant opportunity for businesses specialising in financial consultancy and actuarial services. The open competition procurement method suggests it is approachable for a range of entities, particularly those adept at dealing with complex financial structures and industry risk assessments. Small and medium enterprises (SMEs) are encouraged to engage due to the suitability criteria, which fosters inclusivity in competition for the review of substantial industry funds. The competitive tender can facilitate business growth by allowing successful bidders to collaborate on enhancing national rail network projects, potentially expanding their portfolios within the public sector.

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Notice Information

Notice Title

Rail Network Investment Framework

Notice Description

The purpose of this project is to undertake an independent actuarial review of Network Rail's Industry Risk Fund (IRF) and Network Rail Risk Fee Fund (NRFF). Both funds are central mechanisms of the Rail Network Investment Framework (RNIF) and are designed to provide third-party promoters with protection against defined liabilities when delivering enhancement projects on the national rail network.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e106
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000146-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£49,500 Under £100K
Lots Value
£49,500 Under £100K
Awards Value
Not specified
Contracts Value
£45,346 Under £100K

Notice Dates

Publication Date
5 Jan 20261 months ago
Submission Deadline
5 Dec 2025Expired
Future Notice Date
Not specified
Award Date
2 Jan 20261 months ago
Contract Period
5 Jan 2026 - 18 Mar 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFFICE OF RAIL AND ROAD
Contact Name
Not specified
Contact Email
procurementteam@orr.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
E14 4QZ
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

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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