Published date: 18 August 2020

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


Closing: 16 June 2020, 5pm

Contract summary

Industry

  • Business services: law, marketing, consulting, recruitment, printing and security - 79000000

Location of contract

SW1h 0ET

Value of contract

£90,000 to £120,000

Procurement reference

TRN2449/06/2020

Published date

18 August 2020

Closing date

16 June 2020

Closing time

5pm

Contract start date

23 June 2020

Contract end date

10 July 2020

Contract type

Service contract

Procedure type

Call off from a Framework Agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No


Description

The supplier will conduct analyses and develop decision support tools for policymakers regarding the likely impact of the Covid-19 outbreak on business and industry. These tools will be used to inform policy decisions and prioritise funding to vulnerable businesses, sectors or geographies, and monitor business closures and impacts in near real-time.
Successful delivery of this research and tooling will require the following analytical capabilities:

1. Application of machine learning across alternative data sources to forecast and monitor the impact of Covid-19 across business and industry by sector and geography
2. Simulation to estimate likely future impact of Covid-19 across business and industry
3. Development of interactive applications/dashboards which summarise the above monitoring and forecasting activities into an easily consumable interface to inform policy-makers

At present a cross-functional team from within BEIS is being assembled from experts in the Economics and Data Science practices. Faculty is proposing to support the BEIS internal team with a high-performing group of data scientists, engineers and UI/UX designers to work directly alongside BEIS to deliver these capabilities.
The intention is for this to work as a single team, working in a highly agile and iterative way; potentially shifting towards clearer work streams or deliverables as the user requirements sharpen in focus. The team will work under direction of BEIS on a time-and-materials basis, with an estimated project duration of between 3 and 6 months


Award information

Awarded date

23 June 2020

Contract start date

23 June 2020

Contract end date

10 July 2020

Total value of contract

£120,000

This contract was awarded to 1 supplier.

Faculty Science LTD

Address

54 Welbeck Street, London, W1G 9XS

Reference

No reference - other

Value of contract

£120,000

Supplier is SME?

Yes

Supplier is VCSE?

No


About the buyer

Contact name

Graham Geddes

Address

1 Victoria Street
London
SW1H0ET
England

Telephone

0300 068 5274

Email

graham.geddes@beis.gov.uk