Source: https://tendernation.io/opportunities/01a13bd0-23e8-7301-8874-fb227a0dec05/rail-network-investment-framework

awarded GB open procedure Suitable for SMEs

# Rail Network Investment Framework

[Office of Rail and Road](https://tendernation.io/buyers/office-of-rail-and-road)

Estimated value

£49,500

Published

5 Jan 2026

Deadline

Closed

5 Dec 2025

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Below-threshold contract

    Buyers cannot shortlist bidders on suitability before tenders are in, so everyone gets to submit a bid (except some larger works contracts).

    [Procurement Act 2023, section 85](https://www.legislation.gov.uk/ukpga/2023/54/section/85)
- Sets up a framework

    Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

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.

## CPV classification

Financial consultancy services

Source

Find a Tender (UK) · Notice ocds-h6vhtk-05e106-2026-01-05T09:51:02Z

[View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-05e106-2026-01-05T09:51:02Z)

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