New Benchmarks for ASTI Cost Assessment
Reference ocds-b5fd17-799bf5d2-010c-4f28-bc94-51fb37bc6e14 · Ofgem
Awarded to Turner & Townsend Cost Management Limited for £100,000.
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Amounts and figures
Description
Ofgem require support to develop new benchmarked ranges for employee and employer indirect construction costs and risk to inform future Accelerated Strategic Transmission Investment (ASTI) cost assessment. ASTI involves the assessment of 100m+ complex onshore transmission schemes that are deemed essential to achieving the Government's target of connecting an additional 50GW of wind by 2030. There are c. 26 projects to be reviewed over the next two to three years. Implementing ASTI therefore necessitates completing project cost assessments much more quickly than under current processes which can take between 9 and 12 months. ASTI reviews will need to be completed within 4 months. To achieve this, Ofgem's tools and methodologies need to become more mechanistic and top-down; assessing estimates against relevant and up to date benchmarks to identify any costs that are outside recognised normal ranges and require further investigation. The past 18 months have seen dramatic changes to the infrastructure project environment, with soaring demand, significant cost increases, elongated programmes and supply chain constraints. The appetite and ability to manage risk has also changed dramati…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Turner & Townsend Cost Management Limited | £100,000 | 13 November 2023 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | b3c54814-547f-4f2a-a117-7a39436389c9-701767 | 24 November 2023 |
| Contracts Finder | b3c54814-547f-4f2a-a117-7a39436389c9-701767 | 24 November 2023 |
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Frequently asked questions
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- The submission deadline is 18 October 2023, 12:00. Check the official source, as dates can be modified.
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- The estimated value published by the buyer is £102,720.
- Who is the buyer of this tender?
- The contracting authority is Ofgem (United Kingdom).
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