Award

Gas Flexible Purchase

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

17 Oct 2018 at 09:11

Award Notice
Summary of the contracting process

The City of London Corporation is seeking suppliers for its "Gas Flexible Purchase" contract, which falls under the petroleum products and energy sector. This procurement is currently in the Award stage, with a total contract value of £4,598,961 and a contract duration spanning from 1st October 2018 to 30th September 2021. The tender process utilised an open procedure, and it is important to note that the procurement period ended on 16th July 2018. The primary delivery location is London, United Kingdom.

This tender presents significant opportunities for businesses involved in the energy sector, particularly those specialising in gas supply and management services. Companies that offer flexible gas purchasing options, risk management solutions, or expertise in energy trading would find this contract to be particularly relevant. With a focus on trading via over-the-counter pricing and fixed contract terms, the tender may attract large and medium-sized enterprises capable of fulfilling the specified requirements.

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Notice Information

Notice Title

Gas Flexible Purchase

Notice Description

The Authority require a contract to include all gas meters, for a 3 year period commencing on the 1.10.2018.The contract is to be based on a 28 day BACs payment terms with no requirement for credit mitigation. The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape/swing premium. The management fee should also be fixed for the contract duration. A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix/unfix, purchase at day ahead indices, and reforecast volumes will be required. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0393025b-b675-40f0-a099-4f704959b6e6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

09 - Petroleum products, fuel, electricity and other sources of energy

CPV Codes

09000000 - Petroleum products, fuel, electricity and other sources of energy

Notice Value(s)

Tender Value
£4,598,961 £1M-£10M
Lots Value
Not specified
Awards Value
£4,598,961 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20187 years ago
Submission Deadline
16 Jul 2018Expired
Future Notice Date
Not specified
Award Date
8 Aug 20187 years ago
Contract Period
30 Sep 2018 - 30 Sep 2021 3-4 years
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
CITY OF LONDON CORPORATION
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
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

TOTAL GAS AND POWER

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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