Specialist model assurance support

Descriptions

The National Audit Office (NAO) the UK's independent public spending watchdog is seeking a supplier who can provide Specialist model assurance support. The selected supplier will be expected to oversee and lead the testing of a subset of models with the NAO model assurance portfolio by • validation, verification and testing models and reconciling the model design back to the intended methodology. • overseeing a small portfolio of model assurance work to ensure that outputs are successfully delivered across the NAO modelling portfolio. • supporting the NAO to continuously improve our approach to implementing testing procedures The contract is expected to commence on Tuesday 1st April 2025 and run for an initial period of 12 months until Tuesday 31st March 2026. The contract may be extended by 2, 12 months until Friday 31st March 2028 at the NAO's discretion. The estimated contract value will be £120,000 inclusive of VAT (£40,000 per annum) over the 3 years duration. No guarantee is given as to the actual value of the contract