Closed tender

Rail Network Investment Framework

Details

Value
£49,500
Topic
Financial consultancy services
Published
14 November 2025
Submission
5 December 2025

Tender 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.

Timeline

  1. Completed: Tender published14 November 2025
    Current notice
  2. Completed: Submission date5 December 2025

About the buyer

The Office of Rail and Road is a non-ministerial department that regulates Britain's railways, monitors the roads network, and buys through a central procurement team. Smaller purchases need one quote or three written quotes, depending on value. A published policy commits the department to encouraging and supporting small and medium-sized businesses.

Over the past 5 years, most of the Office of Rail and Road's contract awards have been in business services, architectural and engineering services and IT services.

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Decision makers

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