Award

Price Cap - True Up

OFGEM

This public procurement record has 1 release in its history.

Award

25 Nov 2021 at 17:45

Award Notice
Summary of the contracting process

The procurement process is led by Ofgem, focusing on the "Price Cap - True Up" tender. This initiative falls under the business analysis consultancy services category and is located in London, United Kingdom. The contract value is £266,616, with the award date recorded as 17 November 2021. The contract period spans from 18 November 2021 to 17 June 2022. The tender was conducted via an open procurement method and has reached the award stage.

This tender presents significant opportunities for consultancy firms, particularly those specialising in business analysis and management consultancy services. Companies that can demonstrate expertise in handling tariff cap assessments and COVID-related debt cost analyses would be especially well-suited to compete. The involvement in this kind of advisory work not only fosters business growth but also enhances firms' profiles within the public sector, potentially leading to future contract opportunities.

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Notice Information

Notice Title

Price Cap - True Up

Notice Description

This contract is for a team to work on the default tariff cap - specifically to assist with the appropriate level for the COVID debt cost allowance, taking into account the debt costs actually experienced by suppliers, and the amounts recovered through the cap. This process is termed the "true-up". This work will feed into a decision at the start of August 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-89b3f0d0-c4f1-4f4f-a3e3-b42fab07cac2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/053c489e-5958-40ad-845b-55fe72f7eb72
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

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

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

CPV Codes

72221000 - Business analysis consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79411100 - Business development consultancy services

Notice Value(s)

Tender Value
£266,616 £100K-£500K
Lots Value
Not specified
Awards Value
£266,616 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Nov 20214 years ago
Submission Deadline
1 Jan 2021Expired
Future Notice Date
Not specified
Award Date
17 Nov 20214 years ago
Contract Period
18 Nov 2021 - 17 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
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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSE COOPERS LLP (PWC

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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