---
title: "Delivery of the Late Payments Economic Impact Research"
ocid: "ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR INTERNATIONAL TRADE"
published: "2024-12-04"
---

# Delivery of the Late Payments Economic Impact Research

Buyer: DEPARTMENT FOR INTERNATIONAL TRADE  
Current stage: Award  
OCID: ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26

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## Summary

The Department for Business & Trade has awarded a contract to London Economics Ltd for the delivery of the Late Payments Economic Impact Research. This project focuses on the impact of late payments on business outcomes and the UK economy, falling under the Economic and Social research services categories. The procurement method was selective, specifically a call-off from a dynamic purchasing system. The tender process is complete, with the contract running from 5th November 2024 to 30th June 2025. The project covers a broad geographic area including the British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The contract is valued at £99,990 GBP.

This tender offers significant opportunities for businesses specialising in economic and social research services, particularly those experienced in working on projects analysing business performance and economic impacts. It is particularly suited for SMEs and VCSEs, as the contract's suitability specifically highlights these business types. Companies looking to expand their portfolio in public sector research or seeking to demonstrate their capability in handling comprehensive research projects that impact national economic policy will find this opportunity beneficial for growth.

## Notice

The Department for Business & Trade has commissioned work to London Economics to conduct a research project, looking at the impact of late payments on business outcomes and the UK economy.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/95d8b400-75c4-43bf-9f86-e668f1d818f6 |
| 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 | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Dec 2024 |
| Submission deadline | 3 Oct 2024 |
| Future notice date | Not specified |
| Award date | 3 Oct 2024 |
| Contract period | 5 Nov 2024 - 30 Jun 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £99,990 |
| Lots value | Not specified |
| Awards value | £99,990 |
| 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 FOR INTERNATIONAL TRADE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2DY |
| 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 | St James's |
| 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

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

### Codes

- 79311400 - Economic research services
- 79315000 - Social research services

## Release History

- 4 Dec 2024 at 13:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/95d8b400-75c4-43bf-9f86-e668f1d818f6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/95d8b400-75c4-43bf-9f86-e668f1d818f6
  4th December 2024 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/06f3ba4c-a0d8-43cb-b3ce-1dc4c8fee47f
  n/a

## 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-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b3c067f0-81a6-448e-9aaa-7b67c1a3cd26.json.