Source: https://tendernation.io/opportunities/01a13c1d-ade2-7122-871d-d5457db13e03/spats-prog-for-maintaining-a-robost-valuation-of-travel-time-services

awarded GB restricted procedure

# SPATS - Prog for Maintaining a Robost Valuation of Travel Time services

[The Department for Transport](https://tendernation.io/buyers/the-department-for-transport)

Estimated value

£73,700

Published

25 Jan 2018

Deadline

Closed

30 Aug 2017

## Who can bid

- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.

## About this tender

The recently finished Value of Time research (completed in 2015) was highly innovative in its field, applying world leading analytical techniques in order to robustly model the values of time based on stated preference survey evidence of willingness to pay for travel time savings. However, survey and modelling techniques relevant for assessing the value of time are constantly being developed in academia, industry and the public sector, so it is necessary to keep abreast of these developments if the DfT's value of time assumptions are to remain a robust and defensible basis for supporting decision making.

## CPV classification

Research and development services and related consultancy services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/19de899f-d370-4888-8a88-42a2b45db177)

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