Published date: 1 September 2021

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


Closing: 30 July 2021, 12pm

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

London

Value of contract

£120,000

Procurement reference

ORR/CT/21-12

Published date

1 September 2021

Closing date

30 July 2021

Closing time

12pm

Contract start date

30 August 2021

Contract end date

15 February 2022

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

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.

More information

Previous notice about this procurement

Preparing for Road Investment Strategy 3: Enhancements

  • Opportunity
  • Published 18 June 2021

Attachments

Award information

Awarded date

31 August 2021

Contract start date

31 August 2021

Contract end date

21 February 2022

Total value of contract

£119,481.25

This contract was awarded to 1 supplier.

THE NICHOLS GROUP LIMITED

Address

7-8 Stratford Place
LONDON
W1C 1AY
GB

Reference

Companies House number: 02930116

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Address

25 Cabot Square
London
E14 4QZ
England

Email

procurementteam@orr.gov.uk