Establishment of a Framework for the Provision of a Revenue Management System

Description

DFTO is issuing this notice to establish a framework agreement with two (2) suppliers for the provision of a Revenue Management System. The system must be capable of optimising rail fares through advanced forecasting, dynamic pricing, business rules, and inventory management. It should leverage artificial intelligence, machine learning, and both historical and real-time data to dynamically align pricing with demand and maximise revenue generation. The solution must be scalable and modular, and capable of supporting a range of business operating models through a flexible combination of forecast-driven and rules-based revenue management approaches. It is anticipated that the aggregate value of call-off contracts awarded under the Framework Agreement will not exceed £50 million (excluding VAT) over its duration.