AwardedAwarded 2 January 2026
Rail Network Investment Framework
Office of Rail and Road · Central government
In brief
Office of Rail and Road awarded financial services work to Government Actuary's Department on 2 January 2026.
It is a framework worth up to £49,500 excluding VAT: the most the buyer expects to spend across all suppliers, not one contract.
The contract runs for 2 months, starting 5 January 2026.
The buyer says it is suitable for small and medium-sized businesses.
Built from the notice's own fields. Always check the official notice before you bid.
What the notice says
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.
Who won
| Winner | Value | Dates |
|---|---|---|
| Government Actuary's Department | £45,346 | 5 January 2026 to 18 March 2026 |
Values as the award notice gives them, excluding VAT where stated.
Timeline
- Tender notice · UK4, notice 073799-2025
- Contract details notice · UK7, notice 000146-2026
About the buyer
Office of Rail and RoadLast 12 months
Procurements
36Awards
13Suppliers it has used most for financial services
- Government Actuary's Department1 contract
Similar open tenders
All open financial services tenders- £11.2mestimated
- £130mframework ceiling
- £13.6mestimated
- £3mframework ceiling
- £400kestimated
From notice 073799-2025 on Find a Tender, first published 14 November 2025, last updated 5 January 2026. We last checked for changes on 28 September 2026.