---
title: "TEUL3007 - Transport investment and economic growth elasticities"
ocid: "ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DFTC - DEPARTMENT FOR TRANSPORT"
published: "2025-07-21"
---

# TEUL3007 - Transport investment and economic growth elasticities

Buyer: DFTC - DEPARTMENT FOR TRANSPORT  
Current stage: Award  
OCID: ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b

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## Summary

The Department for Transport (DfTc), located in Great Minster House, London, has completed a procurement process under the title "TEUL3007 - Transport investment and economic growth elasticities." This initiative falls within the industry category of Research and Experimental Development Services, specifically under CPV codes 73100000 and 73200000. The procurement process was planned via a call-off from a dynamic purchasing system and is valued at £58,200. The service contract commenced on 18 July 2025 and is set to conclude on 18 January 2026. The project seeks to enhance the understanding of the economic impact of transport investments, with implications reaching as far as the British Overseas Territories and Europe. The tender stage is complete, and the award was made active on 18 July 2025 to CEPA LLP, a large-scale supplier based in Lincoln's Inn Fields, London.

This tender offers attractive opportunities for businesses specialising in research and development consultancy, particularly those with capabilities in assessing the economic impacts of infrastructure investments. Small to medium enterprises (SMEs) could find significant growth potential within the evolving evidence base for transport investments, while aligning their services with government objectives for increased economic returns. Given the selective procurement method, businesses that can demonstrate a proven track record in similar projects and navigate dynamic purchasing systems will be well-placed to compete in future opportunities presented by the Department for Transport or similar governmental entities.

## Notice

This project will build upon and review existing academic literature which evaluates the impact of transport interventions on GDP. The current evidence in this space is varied, with Melo, et. al. (2013) estimating a mean elasticity of 0.060 and a median elasticity of 0.016. However, only 31% of the interventions in this sample took place in Europe, raising questions around the study's application of the elasticity to the UK context. Whilst this study states that there is likely to be even greater returns to investment in economic infrastructure including transport (up to a third greater impact), there is limited evidence supporting this assertion. This research will update the existing evidence base and provide elasticity estimates more rel

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6ff43982-b619-4b02-892d-781dcd9e46b8 |
| 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 |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Jul 2025 |
| Submission deadline | 4 Jun 2025 |
| Future notice date | Not specified |
| Award date | 17 Jul 2025 |
| Contract period | 17 Jul 2025 - 18 Jan 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £58,200 |
| Lots value | Not specified |
| Awards value | £58,200 |
| 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 | DFTC - DEPARTMENT FOR TRANSPORT |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 4DR |
| 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 | Vincent Square |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

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

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73100000 - Research and experimental development services
- 73200000 - Research and development consultancy services

## Release History

- 21 Jul 2025 at 08:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6ff43982-b619-4b02-892d-781dcd9e46b8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/6ff43982-b619-4b02-892d-781dcd9e46b8
  21st July 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/204a622a-38dc-428e-b26a-1c2c741c15f1
  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-e868490d-3751-4245-9be5-6e31265a0b4b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e868490d-3751-4245-9be5-6e31265a0b4b.json.