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.
Total value (estimated)
- £49,500 excluding VAT
- £59,400 including VAT
Below the relevant threshold
Contract dates (estimated)
- 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
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Tender submission deadline
5 December 2025, 11:59pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Award criteria
Quality 80%
Price 20%
Procedure
Procedure type
Below threshold - open competition
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