Award

Interim Finance Analyst

O F W A T

This public procurement record has 1 release in its history.

Award

16 Sep 2024 at 16:32

Award Notice
Summary of the contracting process

The Office of Water Services (Ofwat) has completed the procurement process for an "Interim Finance Analyst" under its Conditions of Contract for Temporary Staff, focusing on the supply services of personnel. The award was made to RM Recruit Limited, with the contract commencing on 3rd January 2024 and concluding on 30th June 2024. This direct procurement was executed as a single tender action below the threshold, with the total contract value amounting to £61,175.92 excluding VAT. The role will be based in the West Midlands, United Kingdom, and entails duties closely related to salary accounting, budgeting, and system management within the finance team.

This tender represents a significant opportunity for businesses involved in finance and HR services, particularly those offering temporary staff support. Small and medium-sized enterprises (SMEs) specialising in financial analysis, payroll management, and HR systems integration would find this contract well within their capabilities. Additionally, this tender highlights the importance of collaboration between finance and HR departments, making it an attractive prospect for businesses skilled in fostering interdepartmental relationships and process improvements.

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Notice Information

Notice Title

Interim Finance Analyst

Notice Description

Awarded under Ofwat's Conditions of Contract for Temporary Staff (via Intermediary). The Services required are to review how the finance team manage salary accounting, budgeting, forecasting and systems. This involves taking over processes, reviewing and developing them then documenting them so they can be handed over to the business as usual team. The main tasks will include, but not restricted to: Tasks: Prepare and maintain salary budget Reconcile salary budget with HR system Prepare salary monitoring Prepare and update salary forecasts Work with HR on pay remit and calculation of pay award and bonus payments Calculate pay attrition Upload data from HR system into Oracle and improve process Work with HR on data integrity/consistency Process monthly salary journal and improve process Provide Finance Business Partners with payroll data for reporting Work closely with Finance Business Partners and HR The role shall be based working 4-days a week, based on a 7.4hr working day excluding breaks and travelling time.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-130ffe3d-3308-435e-a221-dc9a94143b47
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0b52ef96-25ce-406f-b7d1-047fd85b6a71
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79620000 - Supply services of personnel including temporary staff

Notice Value(s)

Tender Value
£61,175 Under £100K
Lots Value
Not specified
Awards Value
£61,175 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 20241 years ago
Submission Deadline
29 Nov 2023Expired
Future Notice Date
Not specified
Award Date
29 Nov 20232 years ago
Contract Period
3 Jan 2024 - 30 Jun 2024 1-6 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
O F W A T
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B5 4UA
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

RM RECRUIT

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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