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LTC Co Economic and Regulatory Regime (ERR) Review and Assurance

National Highways

This public procurement record has 3 releases in its history.

Award

04 Sep 2026 at 08:36

UK7 - Contract Details Notice
Award

24 Aug 2026 at 14:35

UK6 - Contract Award Notice
Award

17 Aug 2026 at 16:30

UK5 - Transparency Notice
Summary of the contracting process

National Highways Limited procured business and management consultancy services for the LTC Co Economic and Regulatory Regime (ERR) Review and Assurance. The requirement is for experience-based consulting that provides insight, guidance and critical review of plans for a Regulated Asset Base (RAB) approach to project finance. The work supports review and assurance of the project’s economic and regulatory regime, including consideration of regulatory arrangements, project risks and stakeholder expectations. It is a single consultancy requirement and is classified under CPV 79410000, business and management consultancy services. The buying organisation is National Highways Limited, a central government public authority. The selected service concerns advisory and assurance work rather than construction, supply of equipment or operational delivery.

The procurement is complete and was awarded through a direct award. Oxera Consulting LLP was selected on 17 August 2026. The stated legal basis is an absence of competition for technical reasons, with no reasonable alternatives, because retaining the existing regulatory advisers provides continuity, avoids duplicated work and protects programme milestones. The single lot was suitable for SMEs. The award and contract value is £295,000 excluding VAT and £354,000 including VAT. The contract was signed on 28 August 2026. The contract period runs from 1 September 2026 to 31 July 2028, while the award period runs from 3 September 2026 to 31 July 2028. Performance is measured against time and quality requirements for deliverables linked to contract milestones.

This requirement indicates demand for specialist advisers able to combine economic consulting with regulatory expertise and project-finance knowledge. Credible competitors would need experience of Regulated Asset Base approaches, complex infrastructure or similarly regulated projects, and the ability to review plans critically rather than simply produce analysis. They would also need to understand regulatory frameworks, project risks and stakeholder expectations well enough to provide practical guidance and assurance. The incumbent’s advantage was detailed knowledge of the project and its regulatory context, so future competitors would need a clear method for demonstrating relevant experience, rapidly building client and programme understanding, and maintaining consistency across successive deliverables. Strong programme management and reliable delivery against milestone-based time and quality requirements would also be important.

How relevant is this notice?

Notice Information

Notice Title

LTC Co Economic and Regulatory Regime (ERR) Review and Assurance

Notice Description

Experience-based consulting to provide insight, guidance and critical review of plans for the Regulated Asset Base (RAB) approach to project finance.

Procurement Information

Clause 6 of Schedule 5 of PA2023 is applicable as the following conditions are met in relation to the public contract: (a) due to an absence of competition for technical reasons, only a particular supplier can supply the goods, services or works required, and (b) there are no reasonable alternatives to those goods, services or works. Retaining the existing regulatory advisors, on the project provides clear commercial, programme, and risk management benefits: The current advisors have developed a detailed understanding of the project's regulatory framework, key risks, and stakeholder expectations. Replacing them would result in a loss of knowledge, requiring significant time and cost to onboard new advisors. Introducing new advisors at this stage would create avoidable delays while they familiarise themselves with the project, potentially impacting critical milestones. Maintaining the existing team supports continuity and protects the programme timeline. Transitioning to new advisors would incur duplication of work, additional onboarding costs, and inefficiencies during the handover period. Retention avoids these unnecessary expenditures. Changing advisors risks inconsistency in outputs and could undermine prior work or require revalidation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e5f2
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/083697-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£295,000 £100K-£500K
Contracts Value
£295,000 £100K-£500K

Notice Dates

Publication Date
4 Sep 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Aug 20262 months ago
Contract Period
1 Sep 2026 - 31 Jul 2028 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Highways
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Postcode Area
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
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

Oxera Consulting LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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