Award

Project Nightingale

OFGEM

This public procurement record has 1 release in its history.

Award

12 Apr 2022 at 16:45

Summary of the contracting process

The public procurement process, titled "Project Nightingale," involved Ofgem as the buying organisation. This initiative falls under the industry category of financial consultancy services and aims to investigate options for reducing wholesale prices of gas and electricity during a significant crisis impacting homes and businesses. The procurement was conducted using an open procedure, with the contract period running from 21 March 2022 to 6 April 2022, and the tender period ended on 1 January 2022.

This contract presents valuable opportunities for businesses focusing on financial and business analysis consultancy services, particularly small and medium-sized enterprises (SMEs). Firms specialising in energy management, financial advisory, and related consultancy sectors could find themselves well-positioned to compete for similar contracts, as they could leverage their expertise to assist in the ongoing efforts to alleviate pressures in the energy market.

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Notice Title

Project Nightingale

Notice Description

The scope of work consists primarily of appraising 4 different options for bringing down wholesale prices for gas and electricity to address extreme pressures facing homes and businesses. These options need to be thoroughly investigated to assess their feasibility (impact, costs, risks, legal, and timing), to determine whether these are options to pursue to minimise impact of ongoing crisis.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-94d0b49f-0d18-4238-be06-58da5452f515
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fcdfbb09-a882-439a-b146-d1dc759eb891
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

71 - Architectural, construction, engineering and inspection services

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

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


CPV Codes

66171000 - Financial consultancy services

71314000 - Energy and related services

71314200 - Energy-management services

72221000 - Business analysis consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£70,750 Under £100K
Lots Value
Not specified
Awards Value
£70,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Apr 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
30 Mar 20223 years ago
Contract Period
21 Mar 2022 - 6 Apr 2022 30 days
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

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

OLIVER WYMAN

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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