--- title: "Study of HS1 Escrow Arrangements" ocid: "ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04.json" source: "Contracts Finder" current_stage: "Tender" buyer: "OFFICE OF RAIL AND ROAD" published: "2018-05-16" --- # Study of HS1 Escrow Arrangements Buyer: OFFICE OF RAIL AND ROAD Current stage: Tender OCID: ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b6aedccf-1734-4cc0-9ac9-f83e4d211f04.json) ## Summary The OFFICE OF RAIL AND ROAD is conducting a tender for a study on HS1 Escrow Arrangements, aimed at reviewing the funding mechanisms for renewals of the high-speed network. The tender, designated ORR/CT/18-12, was published on 16 May 2018, and the submission deadline is set for 1 June 2018 at 1300hrs. The procurement process follows an open method and falls under the financial consultancy services category. The contract period is expected to commence on 14 June 2018 and conclude on 19 July 2018. This tender presents significant opportunities for businesses specialising in financial consultancy, especially those with expertise in analysing risk allocation and governance structures. Companies that can demonstrate experience in similar assessments within the rail sector or related industries will be particularly well-suited to compete. This contract, valued between £40,000 and £50,000, not only allows for engagement with a key governmental body but also opens avenues for fostering partnerships within the infrastructure management landscape. ## Notice ORR is currently undertaking a periodic review of HS1 Ltd (PR19), which determines the level of charges that the company can levy for operations, maintenance and renewals. A key component of our determination requires us to set the quantum of funding required for future renewals expenditure (that is, how much should be deposited in the Escrow account). This requires us to take into account assumptions on many factors, including interest rates and the profile of the required renewal spend over the life of the concession. While the mechanism for the funding of renewals is constrained by the contractual arrangements set out in the HS1 Concession Agreement, it is important to us that the process is as transparent as possible. The Requirement: We require a study to independently analyse the current arrangements around the Escrow account to: - identify issues and possible improvements to the allocation of risk between those involved (including train operators, HS1 Ltd, NR(HS) (as current principal contractor) and DfT), including an assessment of whether the current arrangements reflect best practice; - assess whether the governance of these arrangements is best practice; and - analyse the transparency and clarity of these arrangements. A Final Report is to be delivered to ORR by 19 July 2018. Project Objectives & Scope: Purpose: The project is intended to deliver an independent analysis of the arrangements set out by the Concession Agreement between HS1 Ltd and Government for funding of renewals on the high speed network. It should also assess how these arrangements are working in practice. Scope: The recommended proposals should align to the terms of the Concession Agreement. The project should seek comparators in rail and other industries, UK and globally, with a view to examining good practice that would work well for Government, Infrastructure Manager, and Train Operators. Additional information: This tender closes on 01 Jun 18 at 1300hrs. All communications are to be submitted through Bravo. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/80f2a7f6-9222-4eaf-ab28-0e959821c29b | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 16 May 2018 | | Submission deadline | 1 Jun 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 13 Jun 2018 - 19 Jul 2018 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £50,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | OFFICE OF RAIL AND ROAD | | Locality | LONDON | | Post town | Central London | | Postcode | WC2B 4AN | | 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 | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66170000 - Financial consultancy, financial transaction processing and clearing-house services ## Release History - 16 May 2018 at 11:51 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/80f2a7f6-9222-4eaf-ab28-0e959821c29b ## Documents - https://www.contractsfinder.service.gov.uk/Notice/80f2a7f6-9222-4eaf-ab28-0e959821c29b 16th May 2018 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/4bc575ee-d86c-40e4-b973-d619f3606947 ORR/CT/18-12 Form of Tender - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d1294ddc-7361-4f15-b3df-e6b11f973325 ORR/CT/18-12 Disclaimer - https://www.contractsfinder.service.gov.uk/Notice/Attachment/c3038be3-11c8-4783-adba-5031e5eeff37 ORR/CT/18-12 Form of Agreement - https://www.contractsfinder.service.gov.uk/Notice/Attachment/91472af1-4fc7-4fd4-8a44-74f6a2933115 ORR/CT/18-12 ITT Study into HS1 Escrow Arrangements - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a5e18f2c-3981-4feb-93f9-5e6400409bcc Bravo Joining Instructions ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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