PS.

UKRI-5190 IUK Interim Review of the Faraday Institutions Operation

UK Research and InnovationcontractFind a Tender ↗Ref ocds-h6vhtk-05e0c4Procurement Act 2023SME suitableVCSE suitablepending

Estimated value

—

Awarded value

£124k

Awarded 08 Jan 2026

Suppliers

1

Lots

1

1 awarded

Published

08 Jan 2026

Description

The purpose of this contract is for an in-depth review and assessment of the Faraday Institution.

Scope

Reference
C0562
Commercial tool
Standalone contract
Contract dates
12 Jan 2026 to 30 Sept 2026
Possible extension to 31 Jan 2027

There are 2 possible extensions of 2 month periods.

CPV classifications
79419000
Contract locations
UK, United Kingdom
Particular suitability
Small and medium-sized enterprises (SME)Voluntary, community and social enterprises (VCSE)

Award criteria

Criteria the buyer will use to evaluate bids.

NameDescriptionTypeWeighting
Price—price20.00%
Quality—quality70.00%
Social Value—quality10.00%

Submission & procedure

Procedure
Open procedure

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£124k

Award date

08 Jan 2026

Contract start

22 Jan 2026

Contract end

31 Oct 2026

Awarded to
FE
Frontier Economics Ltd