Published date: 18 June 2021

This notice was replaced on 1 September 2021

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 1 September 2021)

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.


Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

London

Value of contract

£120,000

Procurement reference

ORR/CT/21-12

Published date

18 June 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

Attachments

About the buyer

Address

25 Cabot Square
London
E14 4QZ
England

Email

procurementteam@orr.gov.uk