Award

Review of the OFTO Regime

OFGEM

This public procurement record has 1 release in its history.

Award

17 May 2024 at 16:45

Award Notice
Summary of the contracting process

The buying organization for this tender is Ofgem, and the contract title is "Review of the OFTO Regime". The industry category is financial consultancy services, and the procurement stage is already completed. The contract value is 129,960 GBP, with a tender deadline of 2024-01-01. The contract period is from 2024-04-18 to 2026-04-17, located in London, England. The procurement method is an open procedure.

This tender provides opportunities for businesses in financial consultancy, business analysis, project management consultancy, and related services sectors. Small and medium-sized enterprises (SMEs) would be well-suited to compete in this tender process. Ofgem, the contracting authority, aims to review the benefits of the Offshore Transmission Operator (OFTO) Regime, creating a conducive environment for consultancy service providers to demonstrate their expertise and secure business growth opportunities.

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Notice Information

Notice Title

Review of the OFTO Regime

Notice Description

The subject of this contract is to review the Offshore Transmission Operator (OFTO) Regime. This review will be based upon the approach taken from an earlier review, conducted in 2016, which explored what benefits the first three OFTO tender rounds had delivered to consumer. As Ofgem has now having delivered a large pipeline of subsequent OFTO transactions, and require follow-up analysis be undertaken to determine potential benefits achieved.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ccabf29b-bfd9-4dd1-9a89-5861e4a167f8
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

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

66171000 - Financial consultancy services

72221000 - Business analysis consultancy services

72224000 - Project management consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£129,960 £100K-£500K
Lots Value
Not specified
Awards Value
£129,960 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20241 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
17 Apr 20241 years ago
Contract Period
17 Apr 2024 - 17 Apr 2026 1-2 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
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

SMITH SQUARE PARTNERS

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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