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OFFICE OF RAIL AND ROAD has floated a tender for Study on Using Econometrics to Calculate Variable Charges. The project location is United Kingdom and the tender is closing on 09 Jul 2024. The tender notice number is ORR/CT/24-17, while the TOT Ref Number is 102431243. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : United Kingdom
Summary : Study on Using Econometrics to Calculate Variable Charges
Deadline : 09 Jul 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 102431243
Document Ref. No. : ORR/CT/24-17
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : GBP 70000
Purchaser's Detail
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Login to see detailsTender Details
The scope of this project covers the calculation of VUCs and the specific objective of this work is to establish the feasibility of using econometrics to calculate VUCs.
The first step of the project should apply the econometric approach to calculating marginal costs and then individual vehicles variable usage charges (VUCs). Following this the study should then undertake a comparison between its findings and the findings of the engineering approach as calculated in PR23 (as per the CP7 price list). This should also consider the data Network Rail used in this process. For example, we know that the robustness of econometrics heavily depends on the quality and quantity of the data available and Network Rail may not have this. Any recommendations should take such issues into account.
Finally, the study should come up with recommendations on whether it is appropriate to use two different approaches and how to do so effectively, taking into account their respective weaknesses and strengths.
Location Of Contract : United Kingdom
Industry : Feasibility study - 79314000
Value Of Contract : £70, 000
Published Date : 10 June 2024
Closing Date : 9 July 2024
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