Published date: 18 August 2020
Awarded contract - This means that the contract has been awarded to a supplier.
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
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Closing: 16 June 2020, 5pm