Establishment of a Framework for the Provision of a Revenue Management System
DfT Operator Limited · London
Key facts
- Estimated value
- £50,000,000
- Contract ends
- 07 Jan 2031
- Procedure
- Competitive flexible procedure (framework)
- Buyer type
- Other public body
- Source
- Find a Tender
Description
DFTO is issuing this notice to establish a framework agreement with two (2) suppliers for the provision of a Revenue Management System. The system must be capable of optimising rail fares through advanced forecasting, dynamic pricing, business rules, and inventory management. It should leverage artificial intelligence, machine learning, and both historical and real-time data to dynamically align pricing with demand and maximise revenue generation. The solution must be scalable and modular, and capable of supporting a range of business operating models through a flexible combination of forecast-driven and rules-based revenue management approaches. It is anticipated that the aggregate value of call-off contracts awarded under the Framework Agreement will not exceed £50 million (excluding VAT) over its duration.
Categories (CPV)
- 72000000 IT services: consulting, software development, Internet and support
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