Award

Budget, Forecasting and Reporting Process Redesign Implementation

OFGEM

This public procurement record has 1 release in its history.

Award

17 Feb 2023 at 17:45

Award Notice
Summary of the contracting process

OFGEM has completed the procurement process for the project titled "Budget, Forecasting and Reporting Process Redesign Implementation," focused on financial consultancy services. The contract, valued at £93,480 GBP, aimed to improve the monthly budgeting and reporting cycle to meet reporting deadlines and enhance performance. The procurement method used was an open procedure, with the tender period closing on 1st January 2023. The contract period is from 25th January 2023 to 24th August 2023, with the buying organisation located in London, United Kingdom.

This opportunity, awarded to Grant Thornton UK LLP, offers business growth prospects to firms specialising in financial consultancy services. Small and medium-sized enterprises (SMEs) seeking to enhance financial management and reporting processes are well-suited to compete. The project's focus on process improvement and meeting deadlines aligns with the capacity of businesses looking to provide tailored financial solutions within the services sector.

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Notice Information

Notice Title

Budget, Forecasting and Reporting Process Redesign Implementation

Notice Description

This contract is for a process improvement plan which addresses immediate risks and issues in the monthly budgeting and reporting cycle, stabilises the budgeting and reporting process, in preparation for the next funding round, enables Ofgem to meet monthly reporting deadlines, and supports delivery of a high performing budgeting and reporting process which can integrate with or complement Ofgem's corporate flexible resourcing solution.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9eb67fd3-e442-4e5b-8d78-50d868f75d4d
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

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£93,480 Under £100K
Lots Value
Not specified
Awards Value
£77,900 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Feb 20233 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
24 Jan 20233 years ago
Contract Period
25 Jan 2023 - 24 Aug 2023 6-12 months
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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

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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