Award

2025-057 Insurance Adviser for OFTO TR13

OFGEM

This public procurement record has 1 release in its history.

Award

05 Sep 2025 at 16:45

Award Notice
Summary of the contracting process

In September 2025, Ofgem initiated an open procurement process for the provision of insurance consultancy services under the project titled "2025-057 Insurance Adviser for OFTO TR13". This procurement falls under the industry category of insurance services (CPV code: 66510000) and was conducted using an open procedure. The process reached the awarding stage, where it was awarded to Willis Limited on 22 August 2025 with the contract commencing from 25 August 2025 to 24 August 2029, for a total value of £74,400. The project covers a wide geographical scope including the British Overseas Territories, Channel Islands, Europe, Isle of Man, the Rest of the World, and the United Kingdom. The main goal of this procurement is to secure expert advice to ensure the effectiveness of Ofgem's offshore transmission tender process.

This tender presents significant opportunities for companies specialising in insurance consultancy, particularly those with expertise in legal, liability, and risk management insurance services. SMEs are suitable for this opportunity, given their agility and niche focus, which aligns well with the specific advisory and evaluative tasks required for the Ofgem transmission round, TR13. The open procurement method allows an even playing field for small or specialised firms to participate actively, fostering competitive growth and innovation in insurance advisory services for renewable energy projects. Successful suppliers will be instrumental in the development and evaluation of insurance strategies, providing crucial support for the robust execution of Ofgem's tender evaluation processes.

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Notice Information

Notice Title

2025-057 Insurance Adviser for OFTO TR13

Notice Description

Ofgem is required to run a tender exercise for all offshore transmission (OFTO) projects that qualify under the OFTO Tender Regulations 2015. The next offshore tender round - Tender Round 13 (TR13) - Ofgem is launching in September 2025. Provision of insurance consultancy support services will be crucial to ensuring that a robust tender process takes place for TR13 and without this, Ofgem will be unable to run an effective tender process for this tender round. To facilitate a robust tender evaluation process, Ofgem requires the services of the supplier on various aspects of the tender and transaction process. The supplier will provide insurance advice and support to Ofgem to ensure that the necessary insurance requirements that Offshore Electricity Transmission bidders are required to meet are reflected in the design and content of tender questionnaire criteria and documentation, are robustly evaluated in bidder submissions, and any insurance matters are managed and dealt with appropriately. The primary responsibility of the supplier will be to advise and assist Ofgem in evaluating the insurance related aspects of bid submissions to ensure that the appropriate bidder can be appointed successfully. This will include advice on the suitability of the bidders' insurance strategies and associated financial and commercial arrangements; and assessment of prevailing insurance market conditions and wider market conditions which may be comparable. Support from the supplier with preparatory work in advance of TR13, up to and including the appointment of Preferred Bidders (PB) for each project (with the possibility of some work required for enabling Licence Grant (LG) and Financial Close (FC)) is expected.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5904c1e1-8e4a-4b24-b76c-78b0854f5f18
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0cf59693-4f01-4e7c-ab25-3ae6b47a52cc
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

CPV Codes

66510000 - Insurance services

66513000 - Legal insurance and all-risk insurance services

66516000 - Liability insurance services

66516500 - Professional liability insurance services

66517300 - Risk management insurance services

66519100 - Oil or gas platforms insurance services

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£74,400 Under £100K
Lots Value
Not specified
Awards Value
£74,400 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Sep 20255 months ago
Submission Deadline
1 Jan 2025Expired
Future Notice Date
Not specified
Award Date
21 Aug 20256 months ago
Contract Period
24 Aug 2025 - 24 Aug 2029 4-5 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

WILLIS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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