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Study on using econometrics to calculate variable charges​

OFFICE OF RAIL AND ROAD Published 10 Jun 2024 Contracts Finder

key details

Value£70,000
Statuscomplete
Category (CPV) 79314000
Deadline9 Jul 2024
Contract start18 Jul 2024
Contract end31 Oct 2024
Procedureopen
SME suitableYes
OCIDocds-b5fd17-2dbe40b6-c6cf-47bc-8644-64aab530879d

Award

SupplierValueDateStatus
CEPA LLP £68,500 30 Jul 2024 active

description

The scope of this project covers the calculation of VUCs and the specific objective of this work is to establish the feasibility of using econometrics to calculate VUCs.

The first step of the project should apply the econometric approach to calculating marginal costs and then individual vehicles variable usage charges (VUCs). Following this the study should then undertake a comparison between its findings and the findings of the engineering approach as calculated in PR23 (as per the CP7 price list). This should also consider the data Network Rail used in this process. For example, we know that the robustness of econometrics heavily depends on the quality and quantity of the data available and Network Rail may not have this. Any recommendations should take such issues into account.

Finally, the study should come up with recommendations on whether it is appropriate to use two different approaches and how to do so effectively, taking into account their respective weaknesses and strengths.

documents

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notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
10 Jun 2024 Tender (tender) · a749b524-70ce-443d-b217-c3d898009137-752838
31 Jul 2024 Award (award) · a29cdd28-6e41-425e-a6a8-0d5428a31ebb-772621

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