---
title: "Government Cost Estimation Practices"
ocid: "ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "INFRASTRUCTURE AND PROJECTS AUTHORITY : CABINET OFFICE"
published: "2020-10-02"
---

# Government Cost Estimation Practices

Buyer: INFRASTRUCTURE AND PROJECTS AUTHORITY : CABINET OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b.json)

## Summary

The Infrastructure and Projects Authority, part of the Cabinet Office, has recently completed a procurement process titled "Government Cost Estimation Practices" within the corporate finance and venture capital services industry. The contract, valued at GBP 249,500, was awarded through a selective procurement method, specifically a call-off from a framework agreement. The contract period is set to commence on 5th October 2020 and will conclude on 11th February 2021. The tender has already been processed, with the award notice published on 2nd October 2020.

This tender presents growth opportunities for businesses engaged in corporate finance and consultancy services, particularly those with experience in cost estimation and public sector projects. Firms that specialise in financial analysis, project management, and government consultancy could find this a valuable area for competition. The expertise demonstrated in the recommendations and practices evaluated in this contract could also lead to further tenders related to improving financial processes within government entities.

## Notice

The IPA undertook a short review of Cost estimating practices within the public sector. This identified a number of recommendations and opportunities to improve cost estimating practices for government projects. The output from this review will be shared

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/66cc3a60-4835-4dd8-9a61-6e0881ae6304 |
| 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 | 2 Oct 2020 |
| Submission deadline | 16 Aug 2020 |
| Future notice date | Not specified |
| Award date | 9 Sep 2020 |
| Contract period | 4 Oct 2020 - 11 Feb 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £249,500 |
| Lots value | Not specified |
| Awards value | £249,500 |
| 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 | INFRASTRUCTURE AND PROJECTS AUTHORITY : CABINET OFFICE |
| Locality | LIVERPOOL |
| Post town | Liverpool |
| Postcode | L3 9PP |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD7 Merseyside |
| ITL 3 | TLD72 Liverpool |
| Local authority | Liverpool |
| Electoral ward | City Centre North |
| Westminster constituency | Liverpool Riverside |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66122000 - Corporate finance and venture capital services

## Release History

- 2 Oct 2020 at 09:48 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/66cc3a60-4835-4dd8-9a61-6e0881ae6304
- 2 Oct 2020 at 09:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/66cc3a60-4835-4dd8-9a61-6e0881ae6304

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/66cc3a60-4835-4dd8-9a61-6e0881ae6304
  2nd October 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/dd5850e7-466f-465d-b84d-a4eab3522779
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/899bc534-aef2-4d24-8928-6981f795ed5a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0b17f51e-224c-48af-97d0-e27280eb61e3

## Notice URLs

- https://www.gov.uk/government/organisations/crown-commercial-service

## 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-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-96bc7c02-fdbe-441b-bfe8-468f0f68ab2b.json.