---
title: "Updating Agglomeration Elasticities"
ocid: "ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT OF TRANSPORT"
published: "2019-01-16"
---

# Updating Agglomeration Elasticities

Buyer: DEPARTMENT OF TRANSPORT  
Current stage: Award  
OCID: ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e)  
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## Summary

The procurement process was conducted by the Department of Transport for the project titled "Updating Agglomeration Elasticities," which falls under the industry category of financial consultancy services. This project aims to develop forecasting and appraisal methods to enhance the economic evidence base related to transport schemes. The tender process was completed with a total value of £78,920, having been awarded on 10 January 2019. The contract commenced on 11 January 2019 and concluded on 2 August 2019. The procurement method used was selective, specifically a call-off from a framework agreement.

This tender presents significant business growth opportunities, particularly for companies specialising in financial consultancy and economic analysis within the transport sector. Firms that can leverage their expertise in developing robust forecasting methods and economic impact assessments would be well-positioned to compete in similar future tenders. Such businesses can capitalise on the ongoing need for high-quality analytical services as governmental bodies strive to make informed investment decisions in transport infrastructure.

## Notice

Developing forecasting and appraisal methods is one of the directorate's key priorities as set out in the its evidence and research strategy. This project will support the development of a high quality evidence base on the wider economic impacts of transport schemes. It also fits with TASM's theme of transformational investments and housing as part of the Analytical and Modelling Strategy being developed in 2018.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a8f749f3-e200-4eaa-a27e-76ae5cf567b0 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Jan 2019 |
| Submission deadline | 10 Jan 2019 |
| Future notice date | Not specified |
| Award date | 10 Jan 2019 |
| Contract period | 11 Jan 2019 - 2 Aug 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £78,920 |
| Lots value | Not specified |
| Awards value | £78,920 |
| 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 OF 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 | CAMBRIDGE ECONOMETRICS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 16 Jan 2019 at 14:18 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a8f749f3-e200-4eaa-a27e-76ae5cf567b0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a8f749f3-e200-4eaa-a27e-76ae5cf567b0
  16th January 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d2f145a5-4819-4b1d-9391-8d4ee0d36819
  Award Letter

## 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-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-76f6fa61-f160-44f2-b465-02e54b96d67e.json.