Tender

Management and Allocation of voluntary redress payments made by energy companies

OFGEM

This public procurement record has 1 release in its history.

Tender

16 Feb 2017 at 17:45

Summary of the contracting process

The procurement process, initiated by Ofgem, pertains to the "Management and Allocation of voluntary redress payments made by energy companies." This project falls under the services category, specifically focusing on administrative services for business operations. The opportunity is located in the South East of England. Currently at the Tender stage, the closing date for submissions is set for 21 March 2017, with the contract period commencing on 1 August 2017 and lasting until 31 July 2019. This procurement will be conducted through a selective method, specifically a restricted procedure.

This tender presents significant opportunities for businesses specialising in financial management and grant allocation, particularly those with expertise in the energy sector. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as their experience in managing funds for charitable organisations could be invaluable. Competitors should be prepared to demonstrate their ability to identify suitable charitable recipients, ensure proper fund utilisation, and provide ongoing project evaluations.

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Notice Title

Management and Allocation of voluntary redress payments made by energy companies

Notice Description

Following a consultation, Ofgem decided to procure a third party expert with experience in allocating funds to charitable organisations.The Service Provider will be responsible for:Financial management of voluntary redress monies paid by energy companies, including receiving the funding from energy companies and awarding grants to charitable recipients;Identifying potential charitable recipients, to be allocated redress funding whose projects would achieve our objectives;Using knowledge of the British energy sector and the needs of energy consumers (including those of vulnerable consumers and those of future consumers) to make decisions on funding;Monitoring the projects and evaluating the use of the funds and taking action to ensure that the projects are delivering real benefits to consumers; andProviding regular reports on the performance against the objectives.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6ba90ee8-df26-416e-a66e-17256ea58553
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b312634f-92f9-4c37-9001-08aab076546a
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services


CPV Codes

75112000 - Administrative services for business operations

Notice Value(s)

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

Notice Dates

Publication Date
16 Feb 20179 years ago
Submission Deadline
21 Mar 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2017 - 31 Jul 2019 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

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
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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