---
title: "ecm_11487 - Reference Class Forecasting"
ocid: "ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR WORK AND PENSIONS"
published: "2023-10-13"
---

# ecm_11487 - Reference Class Forecasting

Buyer: DEPARTMENT FOR WORK AND PENSIONS  
Current stage: Award  
OCID: ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576

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## Summary

The Department for Work and Pensions has awarded a contract for the creation of a Reference Class Forecasting project, valued at £70,000. This initiative, undertaken by Oxford Global Projects UK Limited, aims to support the Synergy Programme by providing an external perspective on project outcomes. The contract involves developing a program reference class based on past projects and mapping individual components, with a contract period from September 14 to November 4, 2023.

This tender presents an opportunity for businesses in the IT services sector, particularly those specialised in consulting, software development, and Internet support. The procurement method used was a direct single tender action below the threshold. Small and medium enterprises are well-suited to compete for this contract, which was successfully awarded to Oxford Global Projects UK Limited. Businesses located in various regions, including the United Kingdom, Europe, and British Oversea Territories, can consider engaging with the Department for Work and Pensions on similar future projects.

## Notice

The creation of a Reference Class Forecast (RCF) by Oxford Global Projects (OGP) will provide the Synergy Programme with an outside view on the likely outcome of the programme, based on actual outcomes of similar projects. An RCF is recommended by the Infrastructure and Projects Authority (IPA) and in Treasury's Greenbook as it can reduce bias and support the development of a realistic business case to underpin major investment decisions. The proposed works consist of 2 work streams: 1. The creation of program reference class based on past similar programs. 2. The break-down of program and mapping of individual components.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/358541a8-59a7-4f0a-8e98-bae3746126d5 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Oct 2023 |
| Submission deadline | 4 Aug 2023 |
| Future notice date | Not specified |
| Award date | 5 Sep 2023 |
| Contract period | 13 Sep 2023 - 4 Nov 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £70,000 |
| Lots value | Not specified |
| Awards value | £70,000 |
| 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 | DEPARTMENT FOR WORK AND PENSIONS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1H 9NA |
| 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 | OXFORD GLOBAL PROJECTS |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 13 Oct 2023 at 14:16 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/358541a8-59a7-4f0a-8e98-bae3746126d5
- 13 Oct 2023 at 14:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/358541a8-59a7-4f0a-8e98-bae3746126d5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/358541a8-59a7-4f0a-8e98-bae3746126d5
  13th October 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b6315a33-9f12-4935-84b1-d129f9ec65b9
  Redacted contract

## 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-b5fd17-319a8570-6b86-4367-a891-f203e2703576. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-319a8570-6b86-4367-a891-f203e2703576.json.