Tender

Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9

OFGEM

This public procurement record has 1 release in its history.

Tender

24 May 2022 at 16:45

Summary of the contracting process

Ofgem, based in London, is currently seeking proposals for the tender titled "Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9". This procurement, classified under financial consultancy services, is in the open tender stage and is set to close on 16 June 2022. The total contract value is £150,000, and the contract period is expected to commence on 1 August 2022 and conclude on 31 July 2025. Interested parties should consult the ITT document for additional details.

This tender presents a significant opportunity for businesses specialising in financial consultancy services, particularly those that can demonstrate expertise in benchmarking and financial management practices. Small and medium-sized enterprises (SMEs) are encouraged to apply, benefiting from the open procurement method, which allows for diverse participation. Vendors who can ensure competitive pricing and a transparent process will be particularly well-suited for this contract.

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Notice Title

Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9

Notice Description

Ofgem require the services of a benchmarking adviser to ensure that the most competitive pricing of any financial instrument is achieved at Financial Close and a clear and transparent process is followed in arriving at this pricing. More information can be found within the ITT document.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2755d278-a0d7-4f5f-b3c1-c1751d807d95
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3be892fe-859b-43c9-ac5b-554f3f770aaa
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
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
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20223 years ago
Submission Deadline
16 Jun 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 years
Recurrence
Not specified

Notice Status

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

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
Not specified

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

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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