---
title: "Portfolio risk - reference class forecasting study"
ocid: "ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HIGHWAYS ENGLAND"
published: "2021-01-07"
---

# Portfolio risk - reference class forecasting study

Buyer: HIGHWAYS ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1.json)

## Summary

The procurement process involves Highways England, which has issued a tender titled "Portfolio risk - reference class forecasting study" within the research and development services industry, located in London, United Kingdom. The procurement method used was selective, specifically a call-off from a framework agreement. The tender period ended on 16 December 2020, and the contract is set to run from 7 January 2021 to 30 June 2021, with a total contract value of £90,979.80.

This tender presents substantial opportunities for businesses, particularly those in the research and consultancy sector, as it focuses on developing a robust dataset for forecasting. Companies with expertise in high-level analysis, data handling, and consultancy services would be well-suited to compete, especially those capable of delivering comprehensive insights into cost estimation within strategic road infrastructure projects. The involvement of a large joint venture as a supplier indicates the potential for collaboration in fulfilling complex contract requirements.

## Notice

The purpose of this study is to provide an up-to-date and robust Highways England specific dataset to develop a reference class forecast. It will seek to understand the extent and nature to which UK strategic road infrastructure projects may underestimate costs at various points in the development of projects

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0f230191-9d09-464c-a326-a311f4414f2b |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Jan 2021 |
| Submission deadline | 16 Dec 2020 |
| Future notice date | Not specified |
| Award date | 7 Jan 2021 |
| Contract period | 7 Jan 2021 - 30 Jun 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £90,979 |
| Lots value | Not specified |
| Awards value | £90,979 |
| 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 | HIGHWAYS ENGLAND |
| 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 | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AKINS JV |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 7 Jan 2021 at 12:39 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0f230191-9d09-464c-a326-a311f4414f2b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0f230191-9d09-464c-a326-a311f4414f2b
  7th January 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/45cbb3f8-e145-45a7-bb52-645966e53a50
  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-b4917423-9dbd-42c0-be53-6486981d89b1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b4917423-9dbd-42c0-be53-6486981d89b1.json.