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Developing Cost of Capital Estimate WACC

Civil Aviation Authority

This public procurement record has 1 release in its history.

Award

26 Aug 2026 at 14:21

Award Notice
Summary of the contracting process

The Civil Aviation Authority procured financial consultancy services to support development of a cost of capital estimate, using the weighted average cost of capital (WACC), for NERL’s NR28 requirements. The work covers services supporting the development of that estimate. NERL is the organisation for which the estimate is being prepared. Delivery is across the United Kingdom. This is a specialist financial advisory requirement rather than a purchase of goods, construction or general administrative support. It is relevant to firms providing regulated-utility, infrastructure or transport-sector financial consultancy, particularly those with experience assessing the cost of capital and advising on financial assumptions for regulatory or investment planning. The procurement was covered by the Government Procurement Agreement and relates to a Civil Aviation Authority requirement.

The procurement has been awarded and the resulting contract is active. Baringa Partners LLP was selected as supplier. The contract was signed on 29 June 2026. The procedure was a limited award without prior publication of a call for competition, conducted as a competition under the Civil Aviation Authority’s Economic Consultancy Service Framework (3634), in line with the framework rules and the Public Contracts Regulations 2015. The requirement was evaluated on price. One lot was used; its recorded status is cancelled, although an active award and active contract are recorded against it. The lot included options described as six months plus six months plus six months. Four bids were recorded, with valid bid values ranging from £0.01 to £1,000,000.

This award demonstrates demand from the Civil Aviation Authority for specialist financial consultancy supporting regulated aviation economics and cost-of-capital analysis. A competing supplier would need a credible track record in developing WACC or similar financial estimates, with the analytical capability to support regulatory planning for a major air-navigation or infrastructure organisation. Relevant firms are likely to combine corporate-finance expertise with knowledge of regulated sectors, evidence-based modelling and the ability to explain assumptions clearly to a public-sector client. The procurement route is also commercially significant: the work was competed through an established economic consultancy framework rather than an openly advertised standalone competition. Suppliers seeking comparable work with this buyer would therefore benefit from the relevant framework access, demonstrable technical expertise and capacity to deliver specialist advisory work at this scale.

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Notice Information

Notice Title

Developing Cost of Capital Estimate WACC

Notice Description

Support in developing a cost of capital estimate for NERL for NR28

Lot Information

Lot 1

Services to support in developing a cost of capital estimate for NERL for NR28

Options: 6 months + 6 months + 6 months

Procurement Information

This contract was awarded via a competition under a CAA established Economic Consultancy Service Framework (3634) Solutions and Associated Services within PCR regs 2015. A competition was entered into in line with the rules and procedures of the framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ecc1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/081374-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Aug 2026Today
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
29 Jun 20261 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Civil Aviation 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
CRAWLEY
Postcode
RH6 0YR
Postcode Area
Redhill
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ28 West Sussex (North East)
Delivery Location
Not specified
Local Authority
Crawley
Electoral Ward
Langley Green & Tushmore
Westminster Constituency
Crawley

Supplier Information

Number of Suppliers
1
Supplier Name

BARINGA PARTNERS LLP

Further Information

Open Contracting Data Standard (OCDS)

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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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