Award

Support for development of an OFTO-build model for non-radial offshore transmission infrastructure

OFGEM

This public procurement record has 1 release in its history.

Award

15 Dec 2023 at 17:45

Award Notice
Summary of the contracting process

The UK regulatory body Ofgem has awarded a contract for analysis services related to the development of an OFTO-build model for non-radial offshore transmission infrastructure. The contract, with a value of £376,290 GBP, was awarded to CEPA LLP. The tender process was an open procedure, with a tender period ending on 25th August 2023. The contract period is from 2nd November 2023 to 1st May 2024. The award was made on 2nd November 2023.

This tender provides an opportunity for businesses specialising in analysis services within the energy industry to engage in a project supporting the development of offshore transmission infrastructure. Small and medium-sized enterprises (SMEs) in particular may find this tender suitable for their expertise. As the contract involves in-depth analysis, financial evaluation, and advisory services, companies with experience in these areas would be well-suited to compete. The buying organisation, Ofgem, is based in London, England. Interested businesses should review the detailed requirements and deadlines outlined in the tender documentation.

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Notice Information

Notice Title

Support for development of an OFTO-build model for non-radial offshore transmission infrastructure

Notice Description

Conduct an in-depth analysis on the roles and responsibilities of the respective parties and level of risk dependent on roles undertaken, including by assessing sub-categories of risk.Conduct an in-depth analysis on financing. In particular, how to obtain the best possible finance at the lowest cost to consumers; determining availability of construction finance; conduct an evaluation of the market and assess the market's appetite for new class of assets, by comparison to existing classes; and consider how consumers will benefit from any refinancing eg, how will any claw-back mechanism work for an OFTO Build.Act in an advisory capacity, providing advice to Ofgem on how best Ofgem could design a process which would incentivise timely delivery for OFTOs - taking into full consideration reward and risk.This includes providing advice on elements of the tender process such as: the optimum timing of competitive tender process, duration of the tender process and adjustments to the existing OFTO model to facilitate an OFTO Build, for Ofgem to then build and implement the process.Provide advice support on the treatment of the Tender Revenue Stream (TRS). In particular, looking at the adjustments required to the revenue structure to accommodate shared infrastructure.Provide advice on potential changes to Codes and Standards and other industry arrangements to facilitate an OFTO Build.These areas are among those which Ofgem have identified as significant and are carrying out further stakeholder engagement on these matters. The successful tenderer will be expected to view the material and feedback Ofgem have received to date, to ensure that it has full consideration of the area's it is expected to provide advice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-34c39dc3-fd3d-4d2a-ae09-169a88a3ff04
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d2d3076c-edb1-499a-83f0-fe9fbdcb35a3
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

71 - Architectural, construction, engineering and inspection services

CPV Codes

71620000 - Analysis services

Notice Value(s)

Tender Value
£376,290 £100K-£500K
Lots Value
Not specified
Awards Value
£376,290 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Dec 20232 years ago
Submission Deadline
25 Aug 2023Expired
Future Notice Date
Not specified
Award Date
2 Nov 20232 years ago
Contract Period
2 Nov 2023 - 1 May 2024 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
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

CEPA

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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