Scope
Description
The purpose of this project is to undertake an independent actuarial review of Network Rail's Industry Risk Fund (IRF) and Network Rail Risk Fee Fund (NRFF). Both funds are central mechanisms of the Rail Network Investment Framework (RNIF) and are designed to provide third-party promoters with protection against defined liabilities when delivering enhancement projects on the national rail network.
Contract 1
Supplier
Contract value
- £45,346 excluding VAT
- £54,415.20 including VAT
Below the relevant threshold
Date signed
2 January 2026
Contract dates
- 5 January 2026 to 18 March 2026
- 2 months, 14 days
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Below threshold - open competition
Supplier
Government Actuary's Department
- Public Procurement Organisation Number: PJVY-9952-JQGR
6th Floor, 10 South Colonnade
London
E14 4PU
United Kingdom
Email: GADCommercial@gad.gov.uk
Website: https://www.gov.uk/government/organisations/government-actuarys-department
Region: UKI42 - Tower Hamlets
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1
Contracting authority
Office of Rail and Road
- Public Procurement Organisation Number: PMPH-6471-MDYY
25 Cabot Square
London
E14 4QZ
United Kingdom
Email: procurementteam@orr.gov.uk
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - central government