Award

PR19 - Initial Assessment of the Cost of Capital

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 1 release in its history.

Award

19 Oct 2017 at 15:56

Award Notice
Summary of the contracting process

The Water Services Regulation Authority is seeking consultancy services for the project titled "PR19 - Initial Assessment of the Cost of Capital". This procurement, classified under business and management consultancy services, is located in the West Midlands and London, United Kingdom. Currently in the Award stage, the tender process culminated in a complete status with a contract value of £125,000 awarded to Europe Economics on 7th July 2017. The contract period extends from 12th July 2017 to 30th November 2017, following the tender response deadline of 19th June 2017.

This tender presents substantial opportunities for businesses specialising in consultancy services, particularly those with expertise in capital assessment and regulatory frameworks in the water industry. Small and medium-sized enterprises (SMEs) would be particularly well-suited to engage in this process, benefiting from the Water Services Regulation Authority's aim to provide upfront guidance for more efficient business plan submissions. The consultancy's insights will directly influence water companies’ strategies and may lead to additional contracts as methodologies are refined and recommendations implemented.

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Notice Information

Notice Title

PR19 - Initial Assessment of the Cost of Capital

Notice Description

We are in the process of developing our methodology for Price Review (PR19), building on the decisions we made in May 2016 on Water 2020. We plan to consult on our methodology in July 2017, and to finalise our methodology in December 2017. Our learning from PR14 has highlighted the need to provide upfront guidance to companies on our expectations for the cost of capital. At PR14 companies submitted a wide range in their own estimates as part of their business plans. We did not consider this led to an efficient process, so we plan to provide more guidance to better inform companies' submissions and the discussions they have with their customers in preparing their business plans. The objective of this work is to provide us with an estimate of the cost of capital. We plan to publish this alongside the final methodology in December 2017.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99407e1f-2cbd-4a2a-a04b-fbd07cf02a6a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4c6e0fab-4f08-44d3-921d-2805d0a22293
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£125,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20178 years ago
Submission Deadline
19 Jun 2017Expired
Future Notice Date
Not specified
Award Date
6 Jul 20178 years ago
Contract Period
11 Jul 2017 - 30 Nov 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
Not specified
Contact Email
mailbox@ofwat.gsi.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
TLG West Midlands (England), TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

EUROPE ECONOMICS

Further Information

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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