---
title: "M0070 QRA Service"
ocid: "ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL HIGHWAYS"
published: "2024-03-25"
---

# M0070 QRA Service

Buyer: NATIONAL HIGHWAYS  
Current stage: Award  
OCID: ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433

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## Summary

The National Highways organisation has awarded a contract for the provision of a Quantitative Risk Analysis (QRA) Service, valued at GBP 752,132.21, for effective risk and issue management across Major Projects Directorate (MPD). The contract is set to start on March 19, 2024, and end on March 31, 2025. The procurement method used was selective, involving a call-off from a framework agreement. The tender period ended on November 2, 2023.

This tender provides an opportunity for businesses in the project management consultancy services sector to compete for the provision of QRA services. Companies with expertise in quantitative cost risk analysis (QCRA) and quantitative schedule risk analysis (QSRA) are particularly well-suited to bid for this contract. The contract is expected to support the client in making more informed decisions, setting realistic budgets, and proactively managing risks in project and programme delivery.

## Notice

Effective risk and issue management is crucial to enable Major Projects Directorate (MPD) to make more informed decisions, to set realistic budgets and baselines for risk and uncertainty, to proactively manage risks and ultimately to improve the level of confidence in project and programme's delivery. The Client is looking to set up a contract for provision of a Quantitative Risk Analysis (QRA) Service across MPD. QRA is a process for estimating or calculating the potential risk impact of an event or series of events based on statistical sampling and modelling techniques. It identifies a probabilistic range of outcomes as opposed to a deterministic (single point) estimate for the overall risk impact on a project. QRA encompasses analysis of cost impacts ('quantitative cost risk analysis' or QCRA) and schedule impacts ('quantitative schedule risk analysis', or QSRA).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c86087c0-0cd5-433b-a547-cc02d6541325 |
| 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 | 25 Mar 2024 |
| Submission deadline | 2 Nov 2023 |
| Future notice date | Not specified |
| Award date | 19 Mar 2024 |
| Contract period | 19 Mar 2024 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £752,132 |
| Lots value | Not specified |
| Awards value | £752,132 |
| 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 | NATIONAL HIGHWAYS |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B1 1RN |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ATKINSRÉALIS |

## CPV Codes

### Divisions

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

### Codes

- 72224000 - Project management consultancy services

## Release History

- 25 Mar 2024 at 13:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c86087c0-0cd5-433b-a547-cc02d6541325

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c86087c0-0cd5-433b-a547-cc02d6541325
  25th March 2024 - Awarded contract notice on Contracts Finder

## 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-a5ecc5f6-3402-4e19-aa58-b7734c55a433. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433.json.