Award

Financial Adviser for Offshore Transmission Tender Round 11 (TR11)

OFGEM

This public procurement record has 1 release in its history.

Award

26 Feb 2024 at 17:45

Award Notice
Summary of the contracting process

The award has been made for the provision of Financial Adviser services for Offshore Transmission Tender Round 11 (TR11). The buying organization Ofgem, based in London, has completed this procurement under the industry category of Business analysis consultancy services. The tender value is £99,670, with an open procurement method and an award date of February 12, 2024. The contract period spans from February 13, 2024, to February 12, 2027.

This tender presents an opportunity for businesses specializing in financial management consultancy services and project management consultancy services to engage with Ofgem. Small and medium-sized enterprises (SMEs) may find this opportunity particularly suitable. Businesses should note the deadline for tender submissions was January 1, 2024, and ensure alignment with Ofgem's requirements for the delivery of technical advice on transaction processes in the energy sector.

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Notice Information

Notice Title

Financial Adviser for Offshore Transmission Tender Round 11 (TR11)

Notice Description

Ofgem requires support for the delivery of the OFTO tender and transaction process under Tender Round 11 (TR11). Support is required to provide technical advice on the bid evaluation process and advise on the transaction process (as necessary) once Ofgem has appointed the preferred bidder. The capabilities and skills required by the successful supplier will be an ability to: * Advise Ofgem on design, implementation and management of the tender process, ensuring necessary quality assurance measures are in place. * Provide advice and input to technical information contained in tender documentation. * Provide advice on technical aspects of bids including the evaluation of bids at EPQ and ITT stages. * Ensure that the evaluation is peer reviewed and internally moderated. * Work proactively and effectively with the financial and insurance advisers to facilitate an integrated final evaluation report. * Address uncertainties and risk in the OFTO regime where it will deliver value to consumers; and * Provide Ofgem with any technical advice necessary.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-040a45f5-35b1-488d-840a-8eea5ef4960c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6efba211-7fb8-4e82-9ce9-2f77a4afeec8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

72221000 - Business analysis consultancy services

72224000 - Project management consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£99,670 Under £100K
Lots Value
Not specified
Awards Value
£99,670 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Feb 20241 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
12 Feb 20242 years ago
Contract Period
13 Feb 2024 - 12 Feb 2027 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Lynsey Gordon
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
+44 2079017000

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

VINCI ENERGIES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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