ICH - Cost Management services
Imperial College Healthcare NHS TrustEstimated Value
Up to £209,786
Deadline
5 June 2026
Published
16 June 2026
Type
services
Full Description
Cost Management and Contract
Administration Services
AI Analysis
Powered by AI — always verify against official documents
This is a contract for Cost Management and Contract Administration Services, likely for a government department or public sector body. The buyer needs an external service provider to manage project costs and administer contracts on their behalf.
Requirements
- No specific requirements listed in the notice — check the full tender documents.
- Likely to require: experience in cost management for public sector or similar large organizations
- Likely to require: contract administration expertise and relevant certifications (such as PRINCE2, APM, or equivalent)
- Likely to require: proven track record managing budgets and contracts of significant value
Key Tasks & Deliverables
- Monitor and control project costs throughout contract lifecycle
- Prepare cost forecasts and budget reports
- Administer contract terms, conditions, and variations
- Process invoices and payments
- Manage contract documentation and records
- Identify and manage financial and contractual risks
- Provide cost and contract administration advice to the client
How to Read This Tender
- 1Look for the 'Specification' or 'Statement of Requirements' section in the full tender documents — this will spell out exactly what cost management and contract administration duties are expected.
- 2Check the 'Evaluation Criteria' section to understand how the buyer will score bids — they typically weight experience, team qualifications, methodology, and price heavily for this type of service.
- 3Find the contract term and value (budget) — these affect your pricing strategy and resource planning.
- 4Search for 'Key Performance Indicators' or 'Service Levels' — the buyer will measure your performance against these metrics.
- 5Watch for 'Insurance' and 'Indemnity' clauses — professional indemnity insurance is usually mandatory for cost and contract management services.
Tips for Small Businesses
- Consider partnering with a larger firm or specialist accountancy/project management business if you lack direct cost management experience — subcontracting is common and the buyer often welcomes this approach.
- Emphasize any experience managing contracts in your sector (e.g., construction, IT, facilities) — sector knowledge is valued alongside generic cost management skills.
- Build your response around the buyer's pain points: poor budget visibility, cost overruns, and contract disputes — show how your approach will prevent these.
Award Details
AVISON YOUNG (UK) LIMITED
£209,786
Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
AVISON YOUNG (UK) LIMITED
1 contract wonlatest 1 Jun 2026ends 31 Mar 2027£355,608
total awarded
AVISON YOUNG (UK) LIMITED is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
Actions
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Buyer Profile
Imperial College Healthcare NHS TrustKey Dates
Published
16 June 2026
Submission deadline
5 June 2026
Renewal expected40% confident
May 2028
Predicted using median duration of UK contracts in the same CPV division (23 months from contract start date → renewal expected by May 2028).
Notice type
Contract
Source
contracts finder
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