Expired contract

PR23 recalibration of the Network Rail passenger Schedule 8 regime

Details

Value
GBP 320,235
Duration
1 year
Topic
Financial consultancy services
Published
21 October 2022

Tender description

The Office of Rail and Road (ORR) is currently carrying out its 2023 Periodic Review of Network Rail (PR23). This will set the outputs and funding for Network Rail for Control Period 7 (CP7) which will run from 1st April 2024 to 31st March 2029. As part of this process, ORR is reviewing the Schedule 8 regime. Schedule 8 is the industry performance regime, which incentivises Network Rail and train operators for fluctuations in train performance from pre-determined benchmarks, and in so doing provides financial protection to operators against unplanned disruption. ORR's work on Schedule 8 is part of the 'charges and incentives' pillar of PR23 and is being led by ORR's Rail Economics team. This ITT for the recalibration of the passenger Schedule 8 regime and covers the following work: •Network Rail Benchmarks •Train Operator Benchmarks •Network Rail Payment Rates •Train Operator Payment Rates •Sustained Poor Performance thresholds

Timeline

  1. Completed: Award date17 October 2022
  2. Completed: Award published21 October 2022
    Current notice
  3. Completed: Contract expiry date27 November 2023

About the buyer

Office of Rail and Road is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66171000 · Financial consultancy services
  • 72221000 · Business analysis consultancy services

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