Published date: 27 February 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 9 January 2018

Contract summary

Industry

  • Research services - 73110000

Location of contract

Any region

Value of contract

£270,000

Procurement reference

tender_160009/654283

Published date

27 February 2018

Closing date

9 January 2018

Contract start date

12 February 2018

Contract end date

30 March 2019

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The overarching aim of this project is to provide an update on the natural capital approach and how it can be applied to marine. Natural capital is the 'stock' of assets provided by nature which have the capacity to generate goods and services. Natural capital can be regarded as the source of all other types of capital: whether manufactured, financial, human or social.

In the marine environment understanding the 'stock' of resources and flow of ecosystem services and benefits is complex. The Natural Capital approach has been mostly developed in the terrestrial environment and to some extent to the marine one. However, there is little evidence on how trade-offs are taken into consideration to support expensive monitoring or protection policies (e.g. environmental externalities threatening the marine environment due to both human activities and natural processes).

This project is divided into two main steps. The first one aims at synthesising the 'status quo' of the natural capital approach applied to the marine and analysing the key lessons learned. It will propose new areas of application to the marine environment. The second step will carry out a primary valuation study able to fill in the key evidence gaps as suggested by the first part of the proposal.

More information

Additional text

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Award information

Awarded date

30 January 2018

Contract start date

12 February 2018

Contract end date

30 March 2019

Total value of contract

£270,000

This contract was awarded to 1 supplier.

Plymouth Marin Laboratory

Address

Prospect Place, Plymouth, Devon, PL1 3DH, United Kingdom

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

DEFRA
London
SW1P 3JR
England

Telephone

00

Email

Network.Procurement@defra.gsi.gov.uk