---
title: "Preparing for Road Investment Strategy 3: Enhancements"
ocid: "ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFFICE OF RAIL AND ROAD"
published: "2021-09-01"
---

# Preparing for Road Investment Strategy 3: Enhancements

Buyer: OFFICE OF RAIL AND ROAD  
Current stage: Award  
OCID: ocds-b5fd17-d7f47722-c3be-4fcf-91f6-bacd54e87099

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## Summary

The OFFICE OF RAIL AND ROAD has completed the tender process for a project titled "Preparing for Road Investment Strategy 3: Enhancements," involving financial consultancy services. This procurement, conducted through an open procedure, was initiated on 18 June 2021, with a tender period that ended on 30 July 2021. The awarded contract is valued at approximately £119,481.25 and covers a contract period from 31 August 2021 to 21 February 2022. The procurement's geographical focus is London, England.

This tender offers significant opportunities for businesses in the financial consultancy sector, particularly small and medium-sized enterprises (SMEs), to establish a foothold in public sector projects. Companies capable of providing analysis and benchmarking for cost estimates in transportation projects would be well-suited to compete, as the outcomes of this study will shape assessment approaches for future Highways England plans.

## Notice

The purposes of this study are two-fold. Firstly, it is intended to provide understanding to the ORR of the independently audited unit rates and assumptions underlying Highways England's internal scheme cost estimates, and that these are comparable with appropriate external benchmarks. Secondly, the study should provide the ORR with a better understanding of the way in which rates are updated over time. In doing so, the study should assess the extent to which improvements in efficiency are reflected in the forecast costs of future projects. We expect the outcomes of the study to shape the approach we take to assessing Highways England's plans for RP3. For example, if we have a high level of confidence in the assumptions underlying Highways England's forecasts, this will allow us to devote less resources to challenging the cost estimates for individual projects.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/545cbc46-3c2d-486a-a08d-c0f2f10478e2 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Sep 2021 |
| Submission deadline | 30 Jul 2021 |
| Future notice date | Not specified |
| Award date | 30 Aug 2021 |
| Contract period | 30 Aug 2021 - 21 Feb 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £120,000 |
| Lots value | Not specified |
| Awards value | £119,481 |
| 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 | OFFICE OF RAIL AND ROAD |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4QZ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE NICHOLS GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 1 Sep 2021 at 15:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/545cbc46-3c2d-486a-a08d-c0f2f10478e2
- 18 Jun 2021 at 13:29 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/b24dc0fc-1e5d-4317-a773-35459f653776

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/545cbc46-3c2d-486a-a08d-c0f2f10478e2
  1st September 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/b24dc0fc-1e5d-4317-a773-35459f653776
  18th June 2021 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/efa3e0fd-619b-4f39-9f21-332b5383a913
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/01016927-ec6d-421c-8d9d-c00813a54268
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/741b916a-238c-4e72-9f4a-a6601c9fc41c
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c1e0f0f4-68b2-4ed6-8ede-dbe283d6e90a
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1515d3a4-c482-4244-84b6-4ada05fd5f92

## Provenance

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