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Rail Network Investment Framework

Office of Rail and Road

Awarded
services
Framework agreement

This tender has closed

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Key details

Contracting authority
Office of Rail and Road
Public authority - central government
Region
London
Delivery: United Kingdom, United Kingdom
Contract value
£45,346ex VAT
Submissions closed
25 July 2025
Published
5 January 2026

Procurement

Contract period
5 January 2026 - 18 March 2026
2 months
Procedure type
Below threshold - open competition
CPV classifications
  • 66171000 Financial consultancy services

What happened

Office of Rail and Road awarded this contract to Government Actuary's Department worth £45,346 on 2 Jan 2026. The contract runs until 18 Mar 2026.

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.

Awarded supplier

Supplier
Government Actuary's Department
GB-PPON: PJVY-9952-JQGR
Award value
£45,346
Award date
2 January 2026

Contact

Address
25 Cabot Square, London, E14 4QZ

Identifiers

Notice ID
000146-2026
OCID
ocds-h6vhtk-05e106

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External ID: fts-ocds-h6vhtk-05e106 • Added 6 August 2026