Study on using econometrics to calculate variable charges
Reference ocds-b5fd17-2dbe40b6-c6cf-47bc-8644-64aab530879d · OFFICE OF RAIL AND ROAD
Awarded to CEPA LLP for £68,500.
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Amounts and figures
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.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| CEPA LLP | £68,500 | 31 July 2024 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | a29cdd28-6e41-425e-a6a8-0d5428a31ebb-772621 | 31 July 2024 |
| Contracts Finder | a29cdd28-6e41-425e-a6a8-0d5428a31ebb-772621 | 31 July 2024 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 9 July 2024, 12:00. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £70,000.
- Who is the buyer of this tender?
- The contracting authority is OFFICE OF RAIL AND ROAD (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
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