Award

Call Off Agreement for Financial Modelling Services

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 1 release in its history.

Award

05 Jun 2017 at 14:38

Award Notice
Summary of the contracting process

The WATER SERVICES REGULATION AUTHORITY has successfully completed a tender process for a Call Off Agreement for Financial Modelling Services. The procurement, classified under business and management consultancy services, took place in the West Midlands and London. The tender period concluded on 4th May 2017, with the contract being awarded on 17th May 2017, and set to commence on 22nd May 2017, lasting until 31st March 2018. The estimated contract value is £75,000, and the process followed is categorised under 'Other' for procurement method.

This contract presents a significant opportunity for consultancy firms specialising in financial modelling and management consultancy. Businesses that are agile and familiar with the FAST modelling standard will be particularly well-suited to compete. The requirement for up to 150 days of external assistance indicates a demand for skilled professionals capable of collaborating closely with the Authority's internal staff, thus providing networking potential and avenues for business growth within the public sector.

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Notice Information

Notice Title

Call Off Agreement for Financial Modelling Services

Notice Description

The primary purpose of this work is to continue the development of the rebuilt, simplified, financial model in a way that is compliant with the FAST modelling standard. We will publish versions of the financial model alongside our consultation on the draft PR19 methodology (July 2017) and the final methodology statement (December 2017.) Therefore, the work likely to arise under this call-off contract will be focused on making sure the financial model (and related models) reflects our latest policy decisions, and any consequential developments needed. Continuing to share drafts of the financial model, and consult alongside our methodology, will allow for Ofwat to respond to stakeholder feedback, and is key to maintaining the transparency and credibility of our modelling approach for PR19. This contract will also ensure that Ofwat is provided with the appropriate level of documentation and knowledge transfer to support use of the updated financial model and related models by both current and future staff. Scope of Call Off Services We are looking for a Contractor to work partnership with our internal modelling staff to development the financial model and other related models which will be used in Price Review 2019. As part of the requirement the Contractor will be required to support the knowledge transfer to internal staff of the development and industry best practice in this area. We anticipate that the Contract will start in May 2017 and will continue to support the development of the financial model up until 31 March 2018. We currently estimate that we may require up to 150 days of external support. Additional information: Please note that this is a call-off contract so it is difficult to quantify exact spend.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2e5bb110-4d9a-4844-96d5-cb764131f3ed
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jun 20178 years ago
Submission Deadline
4 May 2017Expired
Future Notice Date
Not specified
Award Date
16 May 20178 years ago
Contract Period
21 May 2017 - 31 Mar 2018 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
WATER SERVICES REGULATION AUTHORITY
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), TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

F1F9

Further Information

Open Contracting Data Standard (OCDS)

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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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