Award

2021-068 Financial Advisor for Offshore Tender Round 5 (TR5)

OFGEM

This public procurement record has 1 release in its history.

Award

23 Jun 2021 at 16:45

Award Notice
Summary of the contracting process

Ofgem, based in London, is conducting the tender process for the contract titled "2021-068 Financial Advisor for Offshore Tender Round 5 (TR5)". This tender falls under the financial consultancy industry category with an estimated value of £85,000. The contract period commenced on 21 June 2021 and will conclude on 20 February 2022. Having completed the tender phase, the procurement method used was an open procedure, with the tender period having ended on 1 January 2021. The awarded supplier for this contract is KPMG LLP, focusing on providing expert financial advisory services throughout the critical stages of License Grant and Financial Close.

This tender presents significant opportunities for businesses within the financial consultancy sector, particularly those specialising in financial modelling and transaction advisory services. Small and medium-sized enterprises (SMEs) with expertise in financial or commercial advisory roles may find this tender appealing, as Ofgem encourages participation from a diverse range of suppliers. As the contract is designed to support vital financial processes for offshore initiatives, firms with a track record in similar projects will be well-positioned to compete effectively.

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Notice Information

Notice Title

2021-068 Financial Advisor for Offshore Tender Round 5 (TR5)

Notice Description

This contract relates to the transaction stage which is the final stages of this tender process. This is the stage where the customer progress the preferred bidder through to License Grant and Financial Close. The supplier shall provide expert financial advice on financial or commercial matters which may arise in order to support the License Grant/Financial Close process as well as expert financial modelling advice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3e3bb02f-b774-401c-8bfc-8511273e07ca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9f1fbfec-cd17-4381-bb32-c483b38fe45d
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

79211000 - Accounting services

79212500 - Accounting review services

Notice Value(s)

Tender Value
£85,000 Under £100K
Lots Value
Not specified
Awards Value
£85,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
23 Jun 20214 years ago
Submission Deadline
1 Jan 2021Expired
Future Notice Date
Not specified
Award Date
17 Jun 20214 years ago
Contract Period
20 Jun 2021 - 20 Feb 2022 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
Allan Weir
Contact Email
allan.weir@ofgem.gov.uk
Contact Phone
+44 2079017000

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

KPMG

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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