Award

Low Carbon RAB Financial Adviser

OFGEM

This public procurement record has 1 release in its history.

Award

29 Apr 2022 at 16:45

Award Notice
Summary of the contracting process

Ofgem, a prominent regulatory authority based in London, has completed the procurement process for a project titled "Low Carbon RAB Financial Adviser". This contract, valued at £133,400, pertains to the provision of financial consultancy services, specifically focusing on the RAB regime design and project finance structures for low carbon technologies. The procurement method used was an open procedure, and the contract period commenced on 21st April 2022, running until 20th April 2023. The tender was awarded on 21st April 2022, following its completion and is classified under the services category.

This tender presents substantial opportunities for businesses specialising in financial consultancy, particularly those with expertise in project finance within the energy sector. Small and medium-sized enterprises (SMEs) are encouraged to participate, especially those capable of delivering strategic advice to enhance financial regulation in low carbon initiatives. Companies that can demonstrate a strong understanding of the RAB regime are likely to be well-positioned to compete effectively for similar contracts in the future.

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Notice Information

Notice Title

Low Carbon RAB Financial Adviser

Notice Description

Ofgem requires expert financial advice, from a consultant with significant project finance experience, with capabilities to provide advice on the RAB regime design, as well as support other important areas such as engagement with credit ratings agencies and debt and equity investors. The precise areas of work will be around the project finance structures designed to support the low carbon technologies in question and implications for the (financial) regulation of entities under the new proposed RAB regimes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5bb783e8-4b79-4068-b504-f20ec78a1f9e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0a782f7a-a655-4d53-91cf-ae00e833356a
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

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£133,400 £100K-£500K
Lots Value
Not specified
Awards Value
£133,400 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Apr 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
20 Apr 20223 years ago
Contract Period
20 Apr 2022 - 20 Apr 2023 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

ROWTON ASSOCIATES

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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