Tender

Derivative and Financial Instrument Benchmarking Adviser Offshore Tendering

OFGEM

This public procurement record has 1 release in its history.

Tender

11 May 2018 at 16:45

Tender Notice
Summary of the contracting process

The procurement process is being conducted by Ofgem, the Office of Gas and Electricity Markets, located in London, UK. The tender, titled "Derivative and Financial Instrument Benchmarking Adviser Offshore Tendering," is categorised under financial consultancy services and is currently in the active stage of the open procedure. The tender period ends on 30th May 2018, and the contract is expected to commence on 18th June 2018, lasting until 17th June 2021. The estimated contract value is £130,000, with a minimum value of £100,000.

This tender presents an opportunity for businesses specialising in financial consultancy and management services, particularly those with expertise in hedging processes and bond pricing. Small and medium-sized enterprises (SMEs) are encouraged to compete, as this contract could significantly enhance their portfolio and visibility within the industry. Companies ready to collaborate with regulatory bodies like Ofgem and those skilled in negotiating financial instruments will find this tender particularly appealing.

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Notice Information

Notice Title

Derivative and Financial Instrument Benchmarking Adviser Offshore Tendering

Notice Description

The Adviser shall provide expert advice on the hedging process up to and at Financial Close (FC) on Tender Round 5 and Tender Round 6. This shall include negotiation with hedge provider(s), pricing, and benchmarking of the relevant hedge structures or provide reviews on structuring, including selection of the underlying GILT or interest rate, and support at FC to facilitate pricing of any public bonds that are being put in place, and will liaise directly with Ofgem on any issues identified.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6641b862-c592-49ac-b660-7af4969db60e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/64ce3da3-02cb-4320-b2b5-92438c83d341
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£130,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 May 20187 years ago
Submission Deadline
30 May 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
17 Jun 2018 - 17 Jun 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
SW1P 3GE
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London, TLJ South East (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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