Award

Board Effectiveness Review

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 1 release in its history.

Award

11 Feb 2020 at 13:05

Award Notice
Summary of the contracting process

The WATER SERVICES REGULATION AUTHORITY is seeking to conduct a Board Effectiveness Review, which will assess the effectiveness of its Board and principal active Committees, namely the Audit and Risk Assurance Committee and the Remuneration and People Committee. This procurement process is classified under „Auditing services” and is currently at the award stage, with the contract having been awarded on 15 January 2019. The tender period concluded on 13 December 2018, and the contract is valid from 16 January 2019 to 25 March 2019. The procurement was undertaken using an open procedure method, with a contract value of £19,481, and delivery is expected in London, United Kingdom.

This tender presents a significant opportunity for businesses specialising in auditing and organisational consultancy services, particularly those with capabilities in governance and board effectiveness assessments. Small and medium-sized enterprises (SMEs) are strongly encouraged to participate, as the procurement is suitable for such entities. Businesses adept at offering strategic insights and recommendations for improving board dynamics and performance may find this contract aligns well with their service offerings, thus facilitating potential business growth in the public sector.

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Notice Information

Notice Title

Board Effectiveness Review

Notice Description

The purpose of this project is to undertake a review of Board effectiveness and the effectiveness of the Audit and Risk Assurance Committee (ARAC) and the Remuneration and People Committee (RemCo) as the principal active Board Committees. We carried out effectiveness reviews of the Board and ARAC in March 2017, and RemCo in January 2018. We also stated in our 2017-18 Annual Report and Accounts that the Board regularly reviews its effectiveness, and that we intend to undertake another formal assessment in 2018-19, once the new Board members and the Chief Executive are established. In November and December 2018, Board members are completing questionnaires about Board effectiveness. This process is taking place alongside the individual performance appraisals that are being carried out by the Chair. We did not carry out effectiveness reviews of the other Board committees during 2017 or 2018. This decision was made because the Thames Tideway Tunnel Committee, the Casework Committee and the Nominations and Governance Committee generally only meet when required and at that time were not having to meet regularly or at all. We are not currently proposing to carry out formal effectiveness reviews of these committees. Requirements Overall Objectives of Project The overall objectives of the project are to: * Test the Board's role in setting and monitoring the strategy and direction of Ofwat, including how the Board utilises the Ofwat strategy to drive its activities and how it monitors implementation; * Evaluate how the Board fulfils its advisory, challenge and support role in relation to the Executive, * Consider the dynamics and functioning of the Board and committees, including: o considering where the Board focusses their time by reference to the above roles and objectives, o understanding whether the Board and committees work cohesively and members are effective as a team, o considering the interactions and communication with Chief Executive, Executive Directors and other senior executives, o testing the cohesiveness and the quality of participation in Board meetings; * Consider the quality of information available to the Board and committees and the quality of the support infrastructure; and * Consider the mechanisms for the selection process for new board members (SoS makes appointments), and succession planning, in particular to consider how best to approach recruitment to ensure an appropriate spread of skills and diversity, including of experience; and * Recommendations to address areas identified for improvement. Additional information: For further information, please contact: procurement@ofwat.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-88e0c074-30e7-4f8d-8a3e-45d02c81d7a3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d549e2f4-c147-4605-8a9c-bc0c5979b62b
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£19,481 Under £100K
Lots Value
Not specified
Awards Value
£19,481 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Feb 20206 years ago
Submission Deadline
13 Dec 2018Expired
Future Notice Date
Not specified
Award Date
15 Jan 20197 years ago
Contract Period
16 Jan 2019 - 25 Mar 2019 1-6 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
WATER SERVICES REGULATION AUTHORITY
Contact Name
Not specified
Contact Email
mailbox@ofwat.gov.uk
Contact Phone
Not specified

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
TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTTE

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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