---
title: "Valuing Risk in Appraisal"
ocid: "ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE DEPARTMENT FOR TRANSPORT"
published: "2026-10-14"
---

# Valuing Risk in Appraisal

Buyer: THE DEPARTMENT FOR TRANSPORT  
Current stage: Award  
OCID: ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5)  
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## Summary

The Department for Transport commissioned economic research and analysis on valuing risk in appraisal. The work is a specialist analytical service, rather than a supply of goods or construction. Delivery is described as covering the United Kingdom and a range of international locations, including Europe, the Channel Islands, the Isle of Man and British Overseas Territories. The Department for Transport is the buyer. The stated requirement is focused on assessing how risk is valued in appraisal; no further breakdown of the research tasks or outputs is set out. The work therefore suits organisations with expertise in economic research, appraisal and the analysis of risk for transport or public-sector decisions.

The procurement is complete and the contract was awarded to CEPA LLP. The award date was 13 October 2026, and the contract period runs from 14 October 2026 to 18 April 2027. The awarded contract value is £60,000. The Department for Transport used a selective mini-competition through the Government Commercial Agency’s Research & Insights dynamic purchasing system, rather than an unrestricted open tender. The submission deadline was 17 September 2026 at 4pm. The process was evaluated as a competition, but the published information does not state the scoring criteria or their weighting. The requirement was identified as suitable for small and medium-sized enterprises, and one supplier is recorded as the awardee.

This award demonstrates demand from the Department for Transport for focused research into how risk is valued in appraisal. CEPA LLP, an SME, secured the work through a mini-competition under the Research & Insights dynamic purchasing system, showing that a specialist research supplier can compete for this type of assignment through that route. A credible future competitor would need to demonstrate strong economic research and appraisal capability, with the analytical expertise to examine risk valuation in a public-sector decision-making context. Suppliers should be able to deliver a focused study across a UK and international scope. The award provides a concrete indication of the buyer’s requirement and the scale of supplier capability involved; it is relevant to research consultancies with proven experience in economic analysis rather than general research providers.

## Notice

Award of a contract for the provision of valuing risk in appraisal analysis services. Mini competition run via GCA RM6126 Research & Insights DPS

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/16540681-50ee-444b-9bcb-d9f5385f0cf9 |
| Notice type | Award Notice |
| Procurement type | Dynamic |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a dynamic purchasing system |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 13 Oct 2026 |
| Contract period | 14 Oct 2026 - 18 Apr 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £60,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE DEPARTMENT FOR TRANSPORT |
| Locality | LONDON |
| Postcode area | South West London |
| Postcode | SW1P 4DR |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | Vincent Square |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CEPA LLP |

## CPV Codes

### Divisions

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

### Codes

- 79311400 - Economic research services

## Release History

- 14 Oct 2026 at 09:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/16540681-50ee-444b-9bcb-d9f5385f0cf9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/16540681-50ee-444b-9bcb-d9f5385f0cf9
  14th October 2026 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2a6e408c-61de-4176-8ab6-e4583dbc7719
  n/a

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0216bbfd-c129-4244-89d4-f76722ec72b5.json.