# SPATS - Prog for Maintaining a Robost Valuation of Travel Time services

> A sourced UK public sector contract award published by THE DEPARTMENT FOR TRANSPORT.

## Key facts

- Buyer: [THE DEPARTMENT FOR TRANSPORT](/buyers/department-for-transport/contract-awards)
- Supplier: [Ove Arup &amp; Partners International Ltd](/suppliers/ove-arup-partners-international/public-sector-contract-awards)
- Award value: £73,700
- Tender value: £73,700
- Award date: 31 August 2017
- Published: 25 January 2018
- Contract start: 1 September 2017
- Contract end: 19 January 2018
- Stage: awarded
- Procurement category: services
- Notice ID: b15ba97d-c493-40b9-8908-28035d04b220-193850
- OCID: ocds-b5fd17-19de899f-d370-4888-8a88-42a2b45db177

## Description

The recently finished Value of Time research \(completed in 2015\) was highly innovative in its field, applying world leading analytical techniques in order to robustly model the values of time based on stated preference survey evidence of willingness to pay for travel time savings\. However, survey and modelling techniques relevant for assessing the value of time are constantly being developed in academia, industry and the public sector, so it is necessary to keep abreast of these developments if the DfT's value of time assumptions are to remain a robust and defensible basis for supporting decision making\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/b15ba97d-c493-40b9-8908-28035d04b220-193850)
