DFT Operator seeks two revenue management suppliers for £50m rail fares framework
A framework agreement to establish dynamic pricing systems across rail operations will support advanced forecasting and real-time demand management.
Written with data automation, every figure verified against the official notice · · 1 min read
DFT Operator Limited is establishing a framework agreement with two suppliers to provide a revenue management system for rail fares optimisation. The system will use artificial intelligence and machine learning to align pricing with demand. The aggregate value of call-off contracts is not to exceed £50 million over the framework's duration.
DFT Operator Limited is opening the market for a revenue management platform capable of optimising rail fares through dynamic pricing, forecasting and inventory control.
The system must combine artificial intelligence and machine learning with historical and real-time data to align pricing with demand and maximise revenue. The buyer is seeking a scalable, modular solution that supports forecast-driven and rules-based revenue management approaches across a range of business operating models.
The procurement is structured as a framework agreement appointing two suppliers. Call-off contracts awarded under the framework will not exceed £50 million in aggregate value, excluding VAT. A framework agreement is an arrangement with named suppliers under which specific contracts can be called off during a set period without running a fresh tender each time.
Suppliers interested in competing should respond via Find a Tender. The framework will allow DFT Operator to draw down services from the appointed suppliers as operational needs arise.