---
title: "Developing Cost of Capital Estimate WACC"
ocid: "ocds-h6vhtk-06ecc1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06ecc1"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06ecc1.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06ecc1.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Civil Aviation Authority"
published: "2026-08-26"
---

# Developing Cost of Capital Estimate WACC

Buyer: Civil Aviation Authority  
Current stage: Award  
OCID: ocds-h6vhtk-06ecc1

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## Summary

The Civil Aviation Authority procured financial consultancy services to support development of a cost of capital estimate, using the weighted average cost of capital (WACC), for NERL’s NR28 requirements. The work covers services supporting the development of that estimate. NERL is the organisation for which the estimate is being prepared. Delivery is across the United Kingdom. This is a specialist financial advisory requirement rather than a purchase of goods, construction or general administrative support. It is relevant to firms providing regulated-utility, infrastructure or transport-sector financial consultancy, particularly those with experience assessing the cost of capital and advising on financial assumptions for regulatory or investment planning. The procurement was covered by the Government Procurement Agreement and relates to a Civil Aviation Authority requirement.

The procurement has been awarded and the resulting contract is active. Baringa Partners LLP was selected as supplier. The contract was signed on 29 June 2026. The procedure was a limited award without prior publication of a call for competition, conducted as a competition under the Civil Aviation Authority’s Economic Consultancy Service Framework (3634), in line with the framework rules and the Public Contracts Regulations 2015. The requirement was evaluated on price. One lot was used; its recorded status is cancelled, although an active award and active contract are recorded against it. The lot included options described as six months plus six months plus six months. Four bids were recorded, with valid bid values ranging from £0.01 to £1,000,000.

This award demonstrates demand from the Civil Aviation Authority for specialist financial consultancy supporting regulated aviation economics and cost-of-capital analysis. A competing supplier would need a credible track record in developing WACC or similar financial estimates, with the analytical capability to support regulatory planning for a major air-navigation or infrastructure organisation. Relevant firms are likely to combine corporate-finance expertise with knowledge of regulated sectors, evidence-based modelling and the ability to explain assumptions clearly to a public-sector client. The procurement route is also commercially significant: the work was competed through an established economic consultancy framework rather than an openly advertised standalone competition. Suppliers seeking comparable work with this buyer would therefore benefit from the relevant framework access, demonstrable technical expertise and capacity to deliver specialist advisory work at this scale.

## Notice

Support in developing a cost of capital estimate for NERL for NR28

### Lot Information

Lot 1

Services to support in developing a cost of capital estimate for NERL for NR28

Options: 6 months + 6 months + 6 months

### Procurement Information

This contract was awarded via a competition under a CAA established Economic Consultancy Service Framework (3634) Solutions and Associated Services within PCR regs 2015. A competition was entered into in line with the rules and procedures of the framework.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/081374-2026 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Aug 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 29 Jun 2026 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Civil Aviation Authority |
| Locality | CRAWLEY |
| Postcode area | Redhill |
| Postcode | RH6 0YR |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ2 Surrey, East and West Sussex |
| ITL 3 | TLJ28 West Sussex (North East) |
| Local authority | Crawley |
| Electoral ward | Langley Green & Tushmore |
| Westminster constituency | Crawley |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARINGA PARTNERS LLP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 26 Aug 2026 at 14:21 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/081374-2026

## Notice URLs

- https://www.caa.co.uk/

## 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-h6vhtk-06ecc1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06ecc1.json.