Award

2021-116 Supplier Financial Stability Work

OFGEM

This public procurement record has 1 release in its history.

Award

13 Sep 2021 at 16:45

Award Notice
Summary of the contracting process

The procurement process titled "2021-116 Supplier Financial Stability Work" is conducted by Ofgem, the regulator for the electricity and gas markets in the UK. The contract, valued at £216,000, falls under the services category, specifically project management consultancy services (CPV code: 72224000). The contract period extends from 7 September 2021 to 6 June 2022, with the procurement conducted via an open procedure. This tender is focused on assessing and planning for potential market risks, particularly regarding the exit of energy suppliers and ensuring consumer interests are protected. The award was published on 13 September 2021.

This opportunity represents significant potential for business growth for SMEs specialising in project management, financial consultancy, and business analysis. Companies that provide consultancy services in project management, especially those with experience in regulatory frameworks or energy market conditions, are well-suited to compete for this contract. Engaging in this tender process not only allows firms to enhance their market presence but also positions them as key players in the regulatory landscape of the energy market in the UK.

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Notice Information

Notice Title

2021-116 Supplier Financial Stability Work

Notice Description

In instances where an energy supplier is exiting the market, Ofgem's priority is to ensure that consumers' interests are protected, including that their supplies of electricity and gas are not disrupted. Market exits can take the form of a commercial transaction between suppliers - one may buy the customer book of another for instance. They can also require direct regulatory intervention. Where this is the case Ofgem runs a competitive process to appoint an alternative supplier for customers of the failed supplier. This process is called the Supplier of Last Resort (SoLR) process. This contract is for support with: Project managing a project to assess and plan for a range of potential scenarios for risk of failure in the coming winter (in light of recent market conditions) * Broader project management of the Supplier Financial Stability work, including resource planning of any SoLR casework * Project management of individual SoLR cases as required * Coordinating with other teams around Ofgem to pool intelligence regarding suppliers' financial status * Monitoring who has access to highly market sensitive information * Creating, improving and maintaining processes to gather, analyse and share information related to suppliers' financial position

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/de4ad2eb-cc01-4f21-b13d-adb346557ce9
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

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

66171000 - Financial consultancy services

72221000 - Business analysis consultancy services

72224000 - Project management consultancy services

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£216,000 £100K-£500K
Lots Value
Not specified
Awards Value
£216,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Sep 20214 years ago
Submission Deadline
1 Jan 2021Expired
Future Notice Date
Not specified
Award Date
6 Sep 20214 years ago
Contract Period
6 Sep 2021 - 6 Jun 2022 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
Lynsey Gordon
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
+44 2079017000

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

KPMG

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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