AWARD OUTCOME
What happened
British Council has announced Human Economics Limited as the awardee for research into the strategic and economic return of international artist-led innovation. The notice records an award value of £52,000 excluding VAT (£62,400 including VAT), but a future signature date means the supplied data does not confirm a signed contract.
Published outcomeAward announced to HUMAN ECONOMICS LIMITED for lot 1.
Market significanceA below-threshold, open-competition research-services opportunity covering mixed-methods analysis of economic returns in the international art and technology sector.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
HUMAN ECONOMICS LIMITED
99% confidenceAward 1 · Lots 1 · 52000 excluding VAT; 62400 including VAT GBP · Award announced; signing not confirmed
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Verified supplier identity is HUMAN ECONOMICS LIMITED (company number 11836325). Award 1 lists Human Economics Limited as supplier and states amount £52,000 and amountGross £62,400.
LIFECYCLE
Award or contract stage
Procurement status
93% confidenceComplete procurement; award record marked active
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Tender status is "complete"; award status is "active".
Award publication
99% confidenceContract award notice published 13 October 2026
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Award-notice document 096336-2026 has datePublished 2026-10-13.
Signature status
98% confidenceNot confirmed as signed; signature was scheduled for 26 October 2026
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Award milestone type "futureSignatureDate" is scheduled for 2026-10-26T23:59:59Z.
Planned service period
99% confidence2 November 2026 to 31 October 2027
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Award contractPeriod gives startDate 2026-11-02 and endDate 2027-10-31.
VALUES
Published values explained
Award value excluding VAT
99% confidence£52,000
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Award 1 value.amount is 52000 GBP.
Award value including VAT
99% confidence£62,400
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Award 1 value.amountGross is 62400 GBP.
Published opportunity value maximum
91% confidence£78,000 gross
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Process-level value_max is 78000 GBP with value_basis "gross".
TIMELINE
Procurement timeline
Tender notice published
99% confidence3 August 2026
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Release history records tender notice 073086-2026 on 2026-08-03.
Submission deadline
99% confidence10 September 2026, 15:00 UTC
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Process submission_deadline is 2026-09-10T15:00:00Z.
Award date
99% confidence8 October 2026
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Award 1 date is 2026-10-08.
Award notice published
99% confidence13 October 2026
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Award-notice document datePublished is 2026-10-13.
Scheduled signature date
98% confidence26 October 2026
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Scheduled futureSignatureDate milestone is 2026-10-26.
Planned contract start
99% confidence2 November 2026
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Award contractPeriod startDate is 2026-11-02.
Planned initial end
99% confidence31 October 2027
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Award contractPeriod endDate is 2027-10-31.
SCOPE
What was awarded
Requirement
98% confidenceMixed-methods analysis of the multi-dimensional economic returns of the international art and technology sector to the UK.
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Process description states that British Council sought an economist or strategic researcher, or team, for this analysis.
Service classification
99% confidenceResearch services (CPV 73110000)
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Award item additional classification is CPV 73110000, Research services.
Delivery geography
96% confidenceUnited Kingdom
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Award item delivery address is region UK, country GB.
Lot coverage
99% confidenceLot 1
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Award 1 is related to lot 1; no published lot title or description is supplied.
PROCEDURE
Procedure and competition
Procedure
99% confidenceOpen competition, below threshold
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Tender procurementMethod is "open" and procurementMethodDetails is "Below threshold - open competition".
Procurement category
99% confidenceServices
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Process main_category and award mainProcurementCategory are services.
Competition results
99% confidenceBid count, bidder identities, evaluation scores and award rationale are unknown.
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Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence2 November 2026 to 31 October 2027
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Award contractPeriod startDate and endDate.
Extension option
99% confidenceTwo possible extensions of six months each
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Award renewal description states "2 possible 6 months extensions".
Maximum possible end date
99% confidence31 October 2028
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Award maxExtentDate is 2028-10-31.
Contract conclusion
98% confidenceNot confirmed
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A future signature milestone is scheduled for 26 October 2026; no signed-contract evidence is supplied.
COMMERCIAL VIEW
Commercial observations
Value interpretation
94% confidenceThe published award is £52,000 excluding VAT and £62,400 including VAT; this is below the process-level published gross maximum of £78,000.
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Award value fields state £52,000 net and £62,400 gross; process value_max is £78,000 gross.
Market route
99% confidenceThe requirement was competed through a below-threshold open procedure.
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Procurement method details state "Below threshold - open competition".
DATA QUALITY
Gaps and source limitations
Signing and commencement evidence
98% confidenceThe award is published, but contract signature is not evidenced. The notice instead records a scheduled future signature date.
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Award milestone is a scheduled futureSignatureDate of 26 October 2026.
Lot detail
99% confidenceLot 1 has no published title, description or individual lot value.
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Lot record contains null title, description and value fields.
Competition and evaluation detail
99% confidenceInformation not supplied in the published notice.
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No bid counts, scoring, evaluation narrative or award rationale is present in the supplied data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The supplied data does not confirm that the contract was signed; it only records a future signature milestone.
- No lot title, lot description or standalone lot value is published for lot 1.
- Information not supplied in the published notice includes bid count, evaluation scoring, award rationale, pricing breakdown and detailed deliverables.
MARKET THEMES
Relevant award themes
British CouncilHuman Economics LimitedArts+Economics researchartist-led innovationresearch servicesFind a Tender
COMMON QUESTIONS
About this award
Who was named as the awardee?
HUMAN ECONOMICS LIMITED, verified against company number 11836325.
What is the published award value?
£52,000 excluding VAT, with £62,400 including VAT recorded in the award.
Has the contract been signed?
The supplied data does not confirm signature. It records a signature date scheduled for 26 October 2026.
How long is the planned contract?
The initial planned period is 2 November 2026 to 31 October 2027, with two possible six-month extensions.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.