(31 Dec 2023, 10:44 am)Storx wrote 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.
DC - de-minimis cost (directly awarded, Nexus keeps revenue)
DS - de-minimis subsidy (directly awarded, operator keeps revenue)
MC - minimum cost (tendered, Nexus keeps revenue)
MS - minimum subsidy (tendered, operator takes revenue risk and keeps revenue).
MW - Miscellaneous Works
In broad numbers (regardless of operator), the gross price of 1 PVR on an all-day tender is around £200k.
So, on the 317 (which is 5 PVR), Stagecoach will be assuming there is around £400k revenue in addition to the £600k net subsidy.
In revenue terms, it’s a meaty contract - but it won’t be the huge money spinner that you think it is.
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