Expired contract

M0070 QRA Service

Details

Value
GBP 752,132.21
Duration
1 year
Topic
Project management consultancy services
Published
25 March 2024

Tender description

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).

Timeline

  1. Completed: Award date19 March 2024
  2. Completed: Award published25 March 2024
    Current notice
  3. Completed: Contract expiry date31 March 2025

About the buyer

National Highways Limited 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

  • 72224000 · Project management consultancy services

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