Published date: 11 May 2018

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


Closing: 29 March 2018

Contract summary

Industry

  • Research and development services and related consultancy services - 73000000

  • Economic research services - 79311400

Location of contract

Any region

Value of contract

£33,000 to £44,000

Procurement reference

TRN 1444/03/2018

Published date

11 May 2018

Closing date

29 March 2018

Contract start date

23 April 2018

Contract end date

30 June 2018

Contract type

Service contract

Procedure type

Open procedure (below threshold)

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

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Notice summary: Update of BEIS' estimates and evidence base regarding the cost of capital for investments in renewable and non-renewable electricity generation technologies

Description: The purpose of this work is to update the BEIS evidence base and estimates for the cost of capital in relation to investment in renewable and non-renewable generation technologies. The work is divided into two discrete Lots;
• Lot 1 (Core Analysis) will require the provision of specialist advice and analysis to provide BEIS with appropriate estimates of the cost of capital across a range of generation technologies, together with a report detailing assumptions and methodology. The work under Lot 1 will also entail discussion with BEIS officials and be open to peer review by an independent reviewer appointed under Lot 2.
• Lot 2 (Peer Review) will involve the independent peer review of the outputs under Lot 1, to provide constructive methodological or technical challenge of the work and to provide suggestions as to improvement or qualification of the estimates.
Lots 1 and 2 will be let independently. Interested parties may tender for both Lots but cannot be awarded both Lots. If tendering for both Lots, tenderers are requested to state their preference in case of their proposals being ranked first for both Lots.
The key part of the work is anticipated to take place primarily from late April through to early June, with interim results from Lot 1 (Core Analysis) to be available by mid-May and presentation of final results by the end of May 2018. The work under Lot 2 (Peer Review) will be partly in parallel, following the presentation of interim and final results under Lot 1.

Please Note:
We expect both Lots to last up to the end of June 2018 (as indicated in the outline timetable shown in Item 8 of Section 2 of the ITT), which allows for possible iteration of the final results. There is a possibility of further extension of either or both Lot(s) of up to two months, in case further iterations are required in light of new market information/events or if the business needs imply further revenue models need to be addressed within the framework (e.g. new models of storage, etc.).

More information

Previous notice about this procurement

Cost of Capital Update for Electricity Generation Technologies

  • Opportunity
  • Published 9 March 2018

Attachments

Additional text

If you wish to take part in this procurement please see the attached Tender documents attached to this Notice and send your completed Proposal to John Hunter by email at john.hunter@beis.gov.uk ensuring that you include "TENDER for Cost of Capital Update for Electricity Generation" in the email subject header
Any late submissions may not be considered. BEIS reserves the right to halt the procurement process and to not award a contract. BEIS will not be held liable for recovery of costs from unsuccessful bids if a contract is not awarded. All costs will be borne by the bidding organisations. If a contract is created it will be upon BEIS Standard Terms and Conditions [amended as per the information in the ITT], which are available on Contracts Finder with this notice. Completed tender submission must be returned as stated above by 11.00am on 29th March 2018. After reviewing and evaluating the proposals, BEIS may decide to hold bid clarification meetings with suppliers. If successful and upon contract signature, the supplier for each Lot is expected to attend a kick-off meeting taking place on or around 23rd April 2018 Project completion is required by 30th June 2018

Award information

Awarded date

19 April 2018

Contract start date

23 April 2018

Contract end date

30 June 2018

Total value of contract

£43,519

This contract was awarded to 2 suppliers.

Europe Economic Research LTD

Address

Chancery House, 53-64 Chancery Lane, London, WC2A 1QU

Reference

None

Value of contract

£31,319

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

This was awarded in lots:

Lot 1:Europe Economic Research LTD- £31,319
Chancery House, 53-64 Chancery Lane, London, WC2A 1QU

Cambridge Economic Policy Associates (CEPA)

Address

Queens House, 55-56 Lincoln's Inn Fields, London WC2A 3LJ

Reference

None

Value of contract

£12,200

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

This was awarded in lots;

lot 2 Cambridge Economic Policy Associates (CEPA)

About the buyer

Contact name

John Hunter

Address

1 Victoria Street
London
SW1H0ET
England

Email

john.hunter@beis.gov.uk