Cost Assessment Support for RAPID Gate Two Assessment by Europe Economics
Awarded 08 Nov 2022
About
O F W A T awarded a contract to European Economic Research Limited t/a Europe Economics for cost assessment support for the RAPID gate two assessment.
The contract, valued at AUD 50,000, was awarded through further competition against the Ofwat Consultancy Framework, specifically Lot 1: Economics, Sub-Lot 1A: Regulatory Economics.
The work involved providing two cost assessment specialists at Analyst/Junior Consultant level to support the assessment of solutions from 17 October 2022 to 28 February 2023, with a minimum average commitment of three days per week per staff member.
The assessment primarily occurred between 14 November 2022 and 31 January 2023.
The specialists conducted desk-based assessments of submissions and appended documentation, working within a structured assessment team and reporting to RAPID staff.
The assessment used a proportionate and risk-based approach with a framework incorporating assessment criteria and tests, supported by a structured evaluation template.
The roles supported the development of RAPID's recommendations and Ofwat's final decisions.
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