(31 Dec 2023, 10:24 am)logidoodah wrote How do you know this? I was under the impression that it was a normal contract and Stagecoach were the lowest bidder just like any other...
https://www.whatdotheyknow.com/request/s...ng-2383925 - It's on there.
The codes will have specific words, I believe, these are the meaning of them - not 100% sure on the M but assume it means that:
First Letter
D - De minimis - Directly awarded
M - MEAT (Most Economically Advantageous Tender)? - Awarded through tender
Second Letter
W - Works service - Assume a resource tender
S - (Minimum) Subsidy - The difference between fare revenue and making a profit, they keep fares.
C - (Minimum) Cost - Fixed cost, Nexus gets fares
Just noted it's slightly less than a million but £600k+ a year, give or take plus fares it's quite a lucrative contract.
https://app.croneri.co.uk/topics/tendering/indepth-0 - There's an article explaining all those better.