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| Source: | Contracts Finder |
| Notice Type: | Award notice |
| Buyer: | National Highways |
| Main Category: | Services |
| Procurement Method: | Call-off from a framework agreement |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | £752,132.21 |
| Release Date: | 25 March 2024 |
| Application Deadline: | 2 November 2023 |
| Contract Start Date: | 19 March 2024 |
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Awarded to
| Award value: | £752,132.21 |
| Award decision date: | 19 March 2024 |
| Award status: | Active |
Effective risk and issue management is crucial to enable Major Projects Directorate (MPD) to make more informed decisions, to set realistic budgets and baselines for risk and uncertainty, to proactively manage risks and ultimately to improve the level of confidence in project and programme's delivery. The Client is looking to set up a contract for provision of a Quantitative Risk Analysis (QRA) Service across MPD. QRA is a process for estimating or calculating the potential risk impact of an event or series of events based on statistical sampling and modelling techniques. It identifies a probabilistic range of outcomes as opposed to a deterministic (single point) estimate for the overall risk impact on a project. QRA encompasses analysis of cost impacts ('quantitative cost risk analysis' or QCRA) and schedule impacts ('quantitative schedule risk analysis', or QSRA).
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Pipeline status
Not addedImports the contract into your BidWriter pipeline · Qualify before you commit to bid
Application Deadline
2 November 2023
Closed
Estimated Value
£752,132.21
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Book a free consultation →| Contract End Date: |
| 31 March 2025 |
| Contract Duration: | 1.1 years |
| Procurement ID (OCID): | ocds-b5fd17-a5ecc5f6-3402-4e19-aa58-b7734c55a433 |
| Notice Reference: | c86087c0-0cd5-433b-a547-cc02d6541325-735033 |