Award

Board Effectiveness Review

OFGEM

This public procurement record has 1 release in its history.

Award

10 Sep 2024 at 16:45

Award Notice
Summary of the contracting process

Ofgem, the Office of Gas and Electricity Markets, based in London, has completed the procurement process for a "Board Effectiveness Review" under the industry category of "Performance review services" (CPV: 79313000). The tender was conducted via an open procedure, meaning it was accessible to any interested parties, with the tender period ending on 1st January 2024. The contract, valued at £52,530, began on 2nd September 2024 and will conclude on 10th February 2025. This review aims to provide independent feedback and recommendations on the Board's effectiveness, aligning with government requirements for arms-length bodies to enhance corporate governance practices. The award was announced on 10th September 2024, with Campbell Tickell Ltd as the chosen supplier.

This tender offers significant business growth opportunities, particularly for consultancy firms specialising in corporate governance, business analysis, and evaluation services. Small and medium-sized enterprises (SMEs) are especially well-suited to compete for such contracts due to the open procurement method and specific suitability criteria that favour SMEs. Businesses that have expertise in conducting board evaluations and providing strategic advice to improve organisational effectiveness and governance will find such tenders highly compatible with their service offerings, potentially leading to increased market exposure and new client engagements.

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Notice Information

Notice Title

Board Effectiveness Review

Notice Description

Good practice in corporate governance is for Boards to review their own effectiveness every year, and to have externally facilitated board evaluations at least every three years. This is also a government requirement for arms-length bodies. Ofgem wishes to carry out a board effectiveness review that fulfils the traditional requirements, including: a) Providing independent feedback on how well the Board carries out its duties and how this compares with best practice and relevant corporate governance guidance; and b) Providing advice to the Board on how to improve its effectiveness by reviewing the current structures, processes, behaviours, and decision-making.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-929cb8c7-8495-49ac-b8b3-b57ec4552e2d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0ad4cbbc-4be9-456a-93bf-f0f2035968d2
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
Not specified

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

79313000 - Performance review services

79400000 - Business and management consultancy and related services

79411100 - Business development consultancy services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£59,940 Under £100K
Lots Value
Not specified
Awards Value
£52,530 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20241 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
29 Aug 20241 years ago
Contract Period
1 Sep 2024 - 10 Feb 2025 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
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

CAMPBELL TICKELL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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