---
title: "Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values"
ocid: "ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DFTC - DEPARTMENT FOR TRANSPORT"
published: "2026-07-24"
---

# Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values

Buyer: DFTC - DEPARTMENT FOR TRANSPORT  
Current stage: Award  
OCID: ocds-b5fd17-61d07c31-3df0-4cc6-b381-c5ac0dc39a8f

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## Summary

This procurement process involved the Department for Transport (DfTc) in London, focusing on the "Provision of Value of a Life Year Research (VOLY): Lot 2 Advice on the maintenance and application of the values". Categorised under research and development consultancy services, this contract serves various locations including the United Kingdom and the British Overseas Territories. Originating from a selective procurement approach via a dynamic purchasing system, the tender commenced its contract period on 1st August 2026, completing on 31st July 2028. The procurement, which was valued at £90,190 GBP, concluded at the award stage with London Economics Limited being the awarded supplier, as of 20th July 2026.

Opportunities for business growth are significant through this tender, particularly for businesses within the consultancy and advisory sectors. Small to medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would find themselves well-suited to compete in this arena due to the project's focus on consultancy services and its provision for diverse geographic applicability. The contract's structure as a call-off from a dynamic purchasing system facilitates ongoing engagement for capable businesses seeking to expand within public sector consultancy, harnessing economic appraisal and policy decision services for government entities. Such settings provide an enriching environment for entities aiming to broaden their scope in government contract sectors.

## Notice

This research will provide an up-to-date, robust, evidence-based values for a VOLY, WTP-QALY and VPF, with the aim of ensuring that Government economic appraisals continue to stand up to external scrutiny and provide a robust basis for informing policy decisions that will be used by UK Government Departments and Agencies.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/83407e9d-e70f-4f70-a872-97994548ea9d |
| 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 | 24 Jul 2026 |
| Submission deadline | 1 May 2026 |
| Future notice date | Not specified |
| Award date | 19 Jul 2026 |
| Contract period | 31 Jul 2026 - 31 Jul 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £90,190 |
| Lots value | Not specified |
| Awards value | £90,190 |
| 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 | DFTC - DEPARTMENT FOR TRANSPORT |
| Locality | LONDON |
| Post town | 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 | LONDON ECONOMICS |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73200000 - Research and development consultancy services

## Release History

- 24 Jul 2026 at 10:22 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/83407e9d-e70f-4f70-a872-97994548ea9d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/83407e9d-e70f-4f70-a872-97994548ea9d
  24th July 2026 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/92e1e1a3-0344-43e1-9014-af47ada126f8
  n/a

## Provenance

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