Award

FAST Financial Modelling Training

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 2 releases in its history.

AwardUpdate

27 Mar 2017 at 12:28

Award Notice
Award

02 Mar 2017 at 17:45

Award Notice
Summary of the contracting process

The WATER SERVICES REGULATION AUTHORITY is seeking to procure FAST Financial Modelling Training as part of its initiative to enhance modelling quality assurance. The training will be delivered in Birmingham, West Midlands, with the contract period running from 15 December 2016 to 31 March 2017. The competitive tender was initially open until 22 November 2016 and has been awarded to F1F9 UK Ltd for a total value of £14,800. This training will cover a two full-day course designed for up to 12 participants, with sessions scheduled for January and March 2017.

This opportunity is particularly suitable for training providers specialising in IT services and consulting, especially those with experience in financial modelling education. Small and medium-sized enterprises (SMEs) are encouraged to consider participation, as the procurement process aims to foster competitive training offerings. Engaging in this contract could provide significant insights into the public sector's training needs, facilitating further business growth in similar educational services.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

FAST Financial Modelling Training

Notice Description

Ofwat is currently developing its approach to modelling quality assurance. As part of this approach, Ofwat is actively developing a common in-house modelling standard that reflects industry best practice, and it is likely that the FAST modelling standard will be at the core of this. To this end, Ofwat trained 12 individuals in the FAST financial modelling in 2015. Ofwat is now seeking to train 24 more individuals in the FAST modelling standard. These individuals will be from a variety of professional backgrounds within our analytic resource pool, including engineers, accountants, economists and modellers. The requirements is to deliver twice, a two full-day training course (days to run consecutively) on the FAST modelling standard for up to 12 participants (one in January and March 2017). At the end of the course students should have a good theoretical and practical understanding of the application of the FAST modelling standard. Additional information: Contract award and start date cannot be the same date in the Award section. Contract was dated 15/12/2016.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£14,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Mar 20178 years ago
Submission Deadline
22 Nov 2016Expired
Future Notice Date
Not specified
Award Date
14 Dec 20169 years ago
Contract Period
15 Dec 2016 - 31 Mar 2017 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

F1F9

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2-2017-03-27T13:28:28+01:00",
    "date": "2017-03-27T13:28:28+01:00",
    "ocid": "ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "PROC.05.0042",
        "title": "FAST Financial Modelling Training",
        "description": "Ofwat is currently developing its approach to modelling quality assurance. As part of this approach, Ofwat is actively developing a common in-house modelling standard that reflects industry best practice, and it is likely that the FAST modelling standard will be at the core of this. To this end, Ofwat trained 12 individuals in the FAST financial modelling in 2015. Ofwat is now seeking to train 24 more individuals in the FAST modelling standard. These individuals will be from a variety of professional backgrounds within our analytic resource pool, including engineers, accountants, economists and modellers. The requirements is to deliver twice, a two full-day training course (days to run consecutively) on the FAST modelling standard for up to 12 participants (one in January and March 2017). At the end of the course students should have a good theoretical and practical understanding of the application of the FAST modelling standard. Additional information: Contract award and start date cannot be the same date in the Award section. Contract was dated 15/12/2016.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "72000000",
            "description": "IT services: consulting, software development, Internet and support"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "procurementMethodDetails": "Other -",
        "tenderPeriod": {
            "endDate": "2016-11-22T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2016-12-15T00:00:00Z",
            "endDate": "2017-03-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-6920",
            "name": "WATER SERVICES REGULATION AUTHORITY",
            "identifier": {
                "legalName": "WATER SERVICES REGULATION AUTHORITY"
            },
            "address": {
                "streetAddress": "Centre City Tower, 7 Hill Street",
                "locality": "Birmingham",
                "postalCode": "B5 4UA",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "mailbox@ofwat.gsi.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-50835",
            "name": "F1F9 UK Ltd",
            "identifier": {
                "legalName": "F1F9 UK Ltd"
            },
            "address": {
                "streetAddress": "149 Church Road Bath BA2 5JN"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-6920",
        "name": "WATER SERVICES REGULATION AUTHORITY"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2-1",
            "status": "active",
            "date": "2016-12-14T00:00:00Z",
            "datePublished": "2017-03-27T13:28:28+01:00",
            "value": {
                "amount": 14800,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-50835",
                    "name": "F1F9 UK Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2016-12-15T00:00:00Z",
                "endDate": "2017-03-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f",
                    "datePublished": "2017-03-27T13:28:28+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "2",
                    "documentType": "contractNotice",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/80e3c85c-c2ec-4a00-9689-dfc58fc7828b",
                    "format": "application/pdf"
                }
            ]
        }
    ]
}