---
title: "Understanding the costs and benefits of Smart Data Schemes- Economic Modelling Research"
ocid: "ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR BUSINESS AND TRADE"
published: "2025-02-25"
---

# Understanding the costs and benefits of Smart Data Schemes- Economic Modelling Research

Buyer: DEPARTMENT FOR BUSINESS AND TRADE  
Current stage: Award  
OCID: ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa.json)

## Summary

The Department for Business and Trade has awarded a contract for economic modelling research to understand the costs and benefits of Smart Data schemes. This procurement falls under the industry category of research and development consultancy services and is expected to cover regions including British Overseas Territories, the Channel Islands, Europe, the Isle of Man, the Rest of the World, and the United Kingdom. The tender process commenced with the tender period concluding on 15th November 2024, followed by the contract period starting on 24th December 2024 and ending on 31st March 2025. The procurement method used was selective, specifically a call-off from a dynamic purchasing system, and the total value of the contract is £110,880. The awarded supplier is The PSC, a large-scale company based in London.

This tender represents an excellent opportunity for businesses involved in economic research, consultancy, and data analysis to engage with governmental projects that have extensive geographical implications. Small and Medium-sized Enterprises (SMEs) and Voluntary, Community, and Social Enterprises (VCSEs) are particularly encouraged to partake in such tenders due to suitability considerations. Companies with expertise in providing high-quality economic modelling and analysis can leverage this opportunity to expand their portfolio and gain valuable experience working with a central governmental department such as the Department for Business and Trade.

## Notice

The requirement is to procure research to help strengthen DBT's understanding of the costs and benefits of different Smart Data schemes.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ea8a47df-0fc7-45db-802e-278673159281 |
| 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, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Feb 2025 |
| Submission deadline | 15 Nov 2024 |
| Future notice date | Not specified |
| Award date | 24 Dec 2024 |
| Contract period | 24 Dec 2024 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £110,880 |
| Lots value | Not specified |
| Awards value | £110,880 |
| 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 | DEPARTMENT FOR BUSINESS AND TRADE |
| Additional buyers | DEPARTMENT FOR INTERNATIONAL TRADE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2BL |
| 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 | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE PSC |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73200000 - Research and development consultancy services

## Release History

- 25 Feb 2025 at 10:57 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ea8a47df-0fc7-45db-802e-278673159281
- 13 Jan 2025 at 11:36 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ea8a47df-0fc7-45db-802e-278673159281

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ea8a47df-0fc7-45db-802e-278673159281
  25th February 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/f8fd884f-f30b-485c-849e-708274f5b73c
  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-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1d3f3cec-2552-4a3b-a317-d1c61e1be6fa.json.