Award

Regulatory Finance Advice

OFGEM

This public procurement record has 1 release in its history.

Award

27 Feb 2023 at 17:45

Award Notice
Summary of the contracting process

The buying organization for this procurement is Ofgem, based in Glasgow, UK. The tender title is "Regulatory Finance Advice" in the financial consultancy services category. The procurement stage is already completed, with a contract value of £180,000 GBP. The procurement method used was a selective process with tender deadlines on 1st January 2023 and the contract duration from 1st February 2023 to 30th November 2023.

This tender by Ofgem for Regulatory Finance Advice presents an opportunity for businesses specializing in financial consultancy services. The contract value of £180,000 GBP over an 11-month period creates a growth opportunity for businesses looking to provide regulatory finance policy support services. Companies well-suited to compete are those with experience in working with regulatory financial policies and sectoral price controls, particularly in the British Oversea Territories, Channel Islands, Europe, Isle of Man, United Kingdom, and other regions specified in the tender.

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Notice Information

Notice Title

Regulatory Finance Advice

Notice Description

The scope of work includes: Lead on the regulatory finance policy inputs into each of the sectoral price controls, and other areas of policy development as required, including inter alia: - Provide support to retail as part of the EBIT price cap policy - Support non-price control areas of Networks covering Asti, Low CarbonRab - Support CMA appeals for ED2 FDsKey

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0e3e2756-be96-4c7d-95e2-5e040067e31e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1b3b9a69-5733-4a23-85e1-87d55d49cef6
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 20232 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
1 Feb 2023 - 30 Nov 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
GLASGOW
Postcode
G1 1LH
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow East

Supplier Information

Number of Suppliers
1
Supplier Name

MCC ECONOMICS

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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