Award

2022-010 Financial Adviser for Offshore Transmission TR9

OFGEM

This public procurement record has 1 release in its history.

Award

24 Mar 2022 at 17:45

Award Notice
Summary of the contracting process

The procurement process titled "2022-010 Financial Adviser for Offshore Transmission TR9" is conducted by Ofgem, focusing on financial consultancy services within the UK. The deadline for the tender was 1st January 2022, with the contract period spanning from 7th March 2022 to 6th March 2025. This procurement was executed using an open procedure, which allows any interested party to submit a bid, with an awarded value of £499,000. The associated delivery addresses extend across various regions, including British Overseas Territories, the Channel Islands, and Europe.

This tender presents significant opportunities for businesses that provide financial consultancy services, particularly in the energy sector. Companies with experience in market capacity analysis, funding models, and financial assessments would be particularly well-suited to compete for this contract. Small and medium-sized enterprises (SMEs) are encouraged to participate, as they may leverage their niche expertise and flexibility to meet the specific needs outlined in the tender, potentially positioning themselves as key players in the offshore transmission market.

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Notice Information

Notice Title

2022-010 Financial Adviser for Offshore Transmission TR9

Notice Description

Support is required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR9. This will include advice and support on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an OFTO.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-86308d08-128b-4b33-9e4f-db2386ce1621
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fb668e7a-24be-430f-b6d7-1a8a0afe90d9
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
£499,000 £100K-£500K
Lots Value
Not specified
Awards Value
£499,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
24 Mar 20223 years ago
Contract Period
7 Mar 2022 - 6 Mar 2025 3-4 years
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

SMITH SQUARE PARTNERS

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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