---
title: "Interim Econometrician Support on Cost Assessment"
ocid: "ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2018-05-17"
---

# Interim Econometrician Support on Cost Assessment

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-52f15042-eb4f-4ebe-841e-a5bad219e9c0

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## Summary

The procurement process, initiated by the Water Services Regulation Authority, involves the tender titled "Interim Econometrician Support on Cost Assessment," aimed at consultancy services within the UK water sector. The tender period concluded on 22 January 2018, following a selective procurement method via a framework agreement. The awarded contract, valued at £23,100, was effective from 29 January 2018 to 29 March 2018, with services to be delivered in London, England.

This tender presents a valuable opportunity for consultancy firms that specialise in econometric modelling, particularly those with expertise in utility sectors and cost efficiency assessment. Small and medium enterprises (SMEs) with capabilities in developing analytical approaches to evaluate residential retail costs would be particularly well-suited to compete in this process, fostering business growth through targeted public sector contracts.

## Notice

Purpose On 13 December 2017 we published our final methodology for the 2019 price review (PR19). This set out our approach to securing cost efficiency and outlined how we will assess company costs and set efficient cost baslines for water companies at PR19. We will use comparative assessment to form a view of comparative efficiency in the sector. This includes: * econometric models for cost benchmarking - these models will cover the majority of companies' costs; and * a separate assessment of cost items that are not covered by the main econometric models, such as components of enhancement expenditure. We are looking for one econometrician to help us refine our initial set of cost assessment models in the area of residential retail services. The successful candidate may also be asked to provide econometrician support on other areas of cost assessment. Residential retail expenditure covers costs associated with providing a customer service function, meter reading activity and doubtful debt (including expenditure to manage the recovery of customer debt), which is a material component of residential retail costs. Retail expenditure may be driven by a number of factors including type and number of customers, customer bill size and deprivation levels in the area served (relevant to the assessment of bad debt). Key responsibility and outputs The key output is the development of robust models and analytical approaches to assess cost efficiency in residential retail. The successful candidate may also be asked to provide econometric support support on other areas of cost assessment. We require one econometrician experienced in cost modelling and preferably with knowledge of retail funtions in utility sectors. The successful candidate will provide econometric modelling support, data analysis, advice and assurance to assist us in the development of econometric models to assess residential retail costs. The successful candidate will be required to work closely with the cost assessment team. The candidate will need to work collaboratively in a multi-disciplinary environment, with colleagues across the cost assessment team.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f9f0b789-ca0a-4832-b899-d278beb9af3b |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 May 2018 |
| Submission deadline | 22 Jan 2018 |
| Future notice date | Not specified |
| Award date | 26 Jan 2018 |
| Contract period | 29 Jan 2018 - 29 Mar 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £23,100 |
| 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 | WATER SERVICES REGULATION AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EUROPE ECONOMICS |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 17 May 2018 at 13:24 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f9f0b789-ca0a-4832-b899-d278beb9af3b
- 16 Apr 2018 at 10:43 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f9f0b789-ca0a-4832-b899-d278beb9af3b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f9f0b789-ca0a-4832-b899-d278beb9af3b
  17th May 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/2f89cc65-c5a1-44e6-b8b2-d4b80211c45e
  Contract

## Provenance

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