---
title: "Forecasting Model"
ocid: "ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "WEST MIDLANDS COMBINED AUTHORITY"
published: "2021-03-09"
---

# Forecasting Model

Buyer: WEST MIDLANDS COMBINED AUTHORITY  
Current stage: Tender  
OCID: ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9

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## Summary

The West Midlands Combined Authority is currently engaged in the procurement process for a project titled "Forecasting Model," aimed at enhancing regional data capabilities through improved economic forecasting. This tender falls under the goods category, specifically related to mathematical or forecasting software, with a total value of £150,000. The procurement method is an open procedure, and interested parties must submit their bids by 24 March 2021. The contract is expected to commence on 12 April 2021 and will last until 12 April 2024, with delivery addresses based in Birmingham, West Midlands.

This opportunity presents significant growth potential for businesses dealing in analytical, scientific, or mathematical software development services. Small and medium-sized enterprises (SMEs) that possess expertise in forecasting tools or methodologies will find this tender particularly aligned with their capabilities. By participating in this procurement, businesses can contribute to the development of strategic investment cases and enhance their presence within the public sector, ultimately fostering long-term partnerships with regional authorities.

## Notice

The Office for Data analytics carried out a review of regional data requirements as part of scoping the needs of the region. The application and use of economic forecasts is a clear gap in capacity, alongside inconsistent use of forecasts, due to time periods, assumptions, methodology and interpretation. Therefore, this procurement seeks to bring partners together, build capacity to utilise and apply forecasts in strategy development and project assessments. This model will support the development of a stronger evidence base for coherent strategic cases for investment and understanding of the potential change and should inform and guide the development of businesses cases (as per the New Green Book HMT 2020). Additional information: This opportunity must be accessed via WMCA's BravoSolution e-tendering system (https://WMCA.bravosolution.co.uk)

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9e17e073-6ef0-43da-8cbd-467e517f2619 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Mar 2021 |
| Submission deadline | 24 Mar 2021 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 11 Apr 2021 - 12 Apr 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £150,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WEST MIDLANDS COMBINED AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B19 3SD |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Newtown |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## CPV Codes

### Divisions

- 48 - Software package and information systems
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 48462000 - Mathematical or forecasting software package
- 72212460 - Analytical, scientific, mathematical or forecasting software development services
- 72212462 - Mathematical or forecasting software development services

## Release History

- 9 Mar 2021 at 15:07 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9e17e073-6ef0-43da-8cbd-467e517f2619

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9e17e073-6ef0-43da-8cbd-467e517f2619
  9th March 2021 - Opportunity notice on Contracts Finder

## Notice URLs

- https://WMCA.bravosolution.co.uk

## 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-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0d181182-b60b-4402-89ce-36207b8855e9.json.