Cost Planning Services Provider 2021
Introduction
The Cost Planning Services Provider 2021 framework is administered by National Highways under the professional services category. This framework is specifically designed to assist organisations in managing their financial planning and cost management processes effectively. While the precise end date of the framework is not specified, it offers a structured approach to obtaining expert services in cost planning, ensuring that projects remain financially viable and within budgetary constraints. Unlike a Dynamic Purchasing System (DPS), this framework is not open for new suppliers to join at any point during its operation, which may impact the application strategy for potential suppliers.
Context & Use Case
The Cost Planning Services Provider 2021 framework offers essential services to public sector organisations, particularly those involved in infrastructure and highway projects. Contracting authorities utilise this framework to streamline their financial processes, ensuring efficient allocation and utilisation of resources. The framework supports comprehensive financial oversight, enabling the prediction and control of expenditure, which is crucial in large-scale public projects where financial mismanagement can lead to significant setbacks. The framework aids in aligning project costs with financial goals, making it a valuable tool for authorities aiming to deliver projects within predetermined financial limits.
Scope of Services
The framework encompasses a variety of services integral to effective cost management. The scope includes, but is not limited to, the following key areas: 1. Budgeting: Establishing robust budgets that reflect realistic financial expectations and project requirements. 2. Financial Forecasting: Predicting future financial trends to aid in proactive decision-making. 3. Cost Analysis: Assessing current expenditure patterns to identify areas for cost reduction and efficiency improvements. 4. Financial Reporting: Providing detailed reports on financial performance to inform stakeholders and guide strategic planning. 5. Risk Management: Evaluating financial risks and implementing strategies to mitigate them. These services are tailored to support organisations in maintaining control over project financials, thereby ensuring successful project delivery.
Who Can Apply
The framework is open to a range of suppliers that specialise in financial planning and cost management services. Suitable suppliers typically include financial consultancies, cost management firms, and experts in budgeting and financial forecasting. As this is not a DPS, the application process is closed to new entrants once the framework is established, which necessitates that prospective suppliers monitor framework opportunities closely to participate during the initial procurement phase.
Buyer Benefits
For public sector buyers, the Cost Planning Services Provider 2021 framework offers several advantages. It provides a compliant procurement route that facilitates quick access to specialised financial services, significantly reducing the time to market. The framework ensures a competitive environment among pre-approved suppliers, which can lead to cost efficiencies and better service delivery. By using this framework, buyers benefit from the assurance of working with vetted suppliers who meet stringent quality and performance standards, thus reducing the risk associated with financial management in large projects.
Lots
Not applicable
Next Steps
Suppliers interested in being part of future frameworks similar to Cost Planning Services Provider 2021 should review the specific requirements laid out by National Highways and maintain direct communication with the contracting authority. This proactive approach ensures that they are well-prepared to respond to similar opportunities as they arise.
How Biddable Can Help
Biddable provides invaluable support to suppliers navigating the complex landscape of public sector frameworks. By aiding in the discovery of relevant opportunities and assisting with preparation for application processes, Biddable ensures suppliers are well-positioned to secure places on critical frameworks. Additionally, Biddable offers insights into pipeline visibility, helping suppliers strategically plan their engagements and maximise their success in public procurement.