Published date: 16 May 2018

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 1 June 2018

Contract summary

Industry

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

Location of contract

Any region

Value of contract

£40,000 to £50,000

Procurement reference

ORR/CT/18-12

Published date

16 May 2018

Closing date

1 June 2018

Contract start date

14 June 2018

Contract end date

19 July 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

ORR is currently undertaking a periodic review of HS1 Ltd (PR19), which determines the level of charges that the company can levy for operations, maintenance and renewals.
A key component of our determination requires us to set the quantum of funding required for future renewals expenditure (that is, how much should be deposited in the Escrow account). This requires us to take into account assumptions on many factors, including interest rates and the profile of the required renewal spend over the life of the concession.
While the mechanism for the funding of renewals is constrained by the contractual arrangements set out in the HS1 Concession Agreement, it is important to us that the process is as transparent as possible.
The Requirement:
We require a study to independently analyse the current arrangements around the Escrow account to:
- identify issues and possible improvements to the allocation of risk between those involved (including train operators, HS1 Ltd, NR(HS) (as current principal contractor) and DfT), including an assessment of whether the current arrangements reflect best practice;
- assess whether the governance of these arrangements is best practice; and
- analyse the transparency and clarity of these arrangements.
A Final Report is to be delivered to ORR by 19 July 2018.
Project Objectives & Scope:
Purpose:
The project is intended to deliver an independent analysis of the arrangements set out by the Concession Agreement between HS1 Ltd and Government for funding of renewals on the high speed network.
It should also assess how these arrangements are working in practice.
Scope:
The recommended proposals should align to the terms of the Concession Agreement. The project should seek comparators in rail and other industries, UK and globally, with a view to examining good practice that would work well for Government, Infrastructure Manager, and Train Operators.

More information

Attachments

Additional text

This tender closes on 01 Jun 18 at 1300hrs. All communications are to be submitted through Bravo.

About the buyer

Contact name

Gayle Webster

Address

1 Kemble Street
LONDON
WC2B4AN
England

Telephone

020 7282 3944

Email

gayle.webster@orr.gsi.gov.uk