Tender

Interim Strategic Corporate Finance and Governance Support

WATER SERVICES REGULATION AUTHORITY (OFWAT)

This public procurement record has 1 release in its history.

Tender

04 May 2018 at 16:45

Tender Notice
Summary of the contracting process

The Water Services Regulation Authority (Ofwat) is seeking a contractor to provide Interim Strategic Corporate Finance and Governance Support. This tender falls under the services category in the supply of personnel, with an open procurement method specified as an open procedure (below threshold). The tender is being conducted in the West Midlands and London, with a submission deadline set for 14th May 2018. The contract period is expected to run from 17th May 2018 to 28th September 2018.

This procurement presents a significant opportunity for businesses specialising in financial consultancy and governance services, particularly those capable of delivering strategic support and stakeholder engagement. Small and medium-sized enterprises (SMEs) in the finance sector may find this tender aligns well with their capabilities, allowing them to contribute to vital sector reforms aimed at enhancing customer interests and corporate governance practices.

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Notice Information

Notice Title

Interim Strategic Corporate Finance and Governance Support

Notice Description

Background Ofwat has indicated the need to put the sector back in balance and restore trust and confidence in the sector. As part of our ongoing work in this area, we are revisiting key aspects of the regulatory framework, in particular the way the financial ring-fencing framework operates and best practice and expectations for corporate governance (through the Board Leadership Transparency and Governance principles). With the sector we are also starting wider thinking about how we can ensure that customers' interests are at the heart of company decision making. Ofwat has explained to the sector how it intends to take this work forward and when. The programme of work includes areas which we would expect to implement proposals in the short and medium term, as well as supporting more fundamental shifts in outlook within the sector, which we expect to deliver benefits to customers in the longer term. Objective(s) There is a critical need to deliver strategic thinking and ensure that this thinking joins up across aspects of Ofwat's wider programme and the work we ask the sector to do. This needs to be integrated in a way that ensures that proposals can be delivered in a coherent way to a tight timetable, and to ensure that this strategic thinking and enabling work is undertaken. This short term contract will play a key role in supporting existing internal resource and delivering this strategically important workstream, help it to move quickly. It will also suppor...ance and strategic policy programmes. However, the key themes of corporate responsibility, financial resilience and deliver a sector that focuses on customer interests is closely aligned to the themes and aims of the 2019 price review (PR19). So while the Contractor would not be working on PR19, the thinking and policy developed within this programme of work needs to be mindful of the objective of PR19 and the parallel work. Key Tasks In order to meet the business objectives, the project will involve the Contractor performing the following tasks: - Strategic thinking on approach and policy, including approach to engaging with stakeholders. This may include supporting the development of documentation to support engagement with stakeholders. - Contribution to internal think pieces and material to be shared with Ofwat's board to set out our thinking and recommendations. - Critical challenge of emerging thinking and ensuring that taken together the package of policy proposals is coherent and deliverable to the required timetable. Key Deliverables Ultimately the Contractor will be expected to support the delivery of a recommended package of proposals and measures to achieve the aims of the work programme. The work does not require a specific single, one off report to be produced. Instead, as described above under Key Tasks section, it will require contribution and potentially leading on a series of documents to deliver the overall objective of the work programme.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6977a334-c3ba-448f-8cf0-7e67e0d8aeca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d9e4836e-3946-417e-8bda-023b595f38a8
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

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

CPV Codes

79620000 - Supply services of personnel including temporary staff

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 May 20187 years ago
Submission Deadline
14 May 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
16 May 2018 - 28 Sep 2018 1-6 months
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
WATER SERVICES REGULATION AUTHORITY (OFWAT)
Contact Name
Lena Cluxton
Contact Email
lena.cluxton@ofwat.gsi.gov.uk
Contact Phone
+44 1216447534

Buyer Location

Locality
BIRMINGHAM
Postcode
B5 4UA
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England), TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

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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