PR23 recalibration of the Network Rail passenger Schedule 8 regime

Concepts

• office of rail and road
• business analysis
• office of rail
• periodic review of network rail
• network rail
• industry performance regime
• recalibration of the passenger schedule
• orr's rail economics team
• pr23 recalibration of the network rail passenger schedule
• network rail payment rates

Location

United Kingdom:

Description

The Office of Rail and Road (ORR) is currently carrying out its 2023 Periodic Review of Network Rail (PR23). This will set the outputs and funding for Network Rail for Control Period 7 (CP7) which will run from 1st April 2024 to 31st March 2029. As part of this process, ORR is reviewing the Schedule 8 regime. Schedule 8 is the industry performance regime, which incentivises Network Rail and train operators for fluctuations in train performance from pre-determined benchmarks, and in so doing provides financial protection to operators against unplanned disruption. ORR's work on Schedule 8 is part of the 'charges and incentives' pillar of PR23 and is being led by ORR's Rail Economics team. This ITT for the recalibration of the passenger Schedule 8 regime and covers the following work: •Network Rail Benchmarks •Train Operator Benchmarks •Network Rail Payment Rates •Train Operator Payment Rates •Sustained Poor Performance thresholds

Total Quantity or Scope

See II.1.4. Short description

CPV Codes

• 72221000 - Business analysis consultancy services
• 66171000 - Financial consultancy services

Indicators

• Variant bids may be considered.
• This is a one-off contract (no recurrence)
• Renewals are not available.

Other Information

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