Award

Interim Regulatory Economics and Policy Advisor

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 2 releases in its history.

AwardUpdate

17 May 2018 at 14:30

Award Notice
Award

19 Apr 2018 at 13:48

Award Notice
Summary of the contracting process

The procurement process is led by the Water Services Regulation Authority, seeking an Interim Regulatory Economics and Policy Advisor. This tender falls within the business and management consultancy services category and is active in regions including the West Midlands and London, United Kingdom. The tender period ended on 26 February 2018, with the contract period commencing on 12 March 2018 and concluding on 31 May 2018. The procurement method employed is selective, specifically through a call-off from a framework agreement, and the awarded contract has a capped value of £55,000.

This tender presents significant opportunities for small and medium-sized enterprises (SMEs) equipped to deliver consultancy services within the water regulation sector. Businesses with expertise in economics, regulatory policy, and project management would find this particularly suited to their competencies. Engaging in this contract would allow firms to showcase their capabilities while contributing to improvements in the regulatory processes impacting the wider industry.

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Notice Information

Notice Title

Interim Regulatory Economics and Policy Advisor

Notice Description

On 3 September 2018 water companies will submit their business plans to Ofwat for the initial assessment of business plans (IAP) as part of the PR19 price review. We are intending to do a practice run of this assessment process in June 2018 (the "red run"). This will require mock ups of business plans and potentially some scenarios, which could take the form of partial business plans, for the red run to review. The objective of the red run is to: * test and provide some assurance of both the policy and processes, including data submission and quality assurance process in the IAP; * the red run should do this for all levels of the decision making process - data submission, policy teams, senior responsible officers (SROs) and Ofwat Board; * ensure that everyone in the PR19 team understands their roles and responsibilities during the IAP; * identify areas for improvement; and * recommend solutions to any problems or weaknesses. The purpose of this role is to assist the red run business plan team in developing these mock business plans and scenarios. The successful candidate will need to provide expert economic advice on how to construct the mock business plans and scenarios in order to best test our processes and policy for the implementation of the IAP. This will include answering questions posed by Ofwat staff during the red run review of the mock business plans. The successful candidate will also contribute to the lessons learnt exercise by providing written views on how the mock business plans could be best assessed to meet the objectives of the initial assessment of business plans. This will need to be completed before 31 May. This is key to ensure that we can learn as much as possible from the red run to improve our process and policy approach for the actual initial assessment of business plans. Key responsibility and outputs The successful candidate will be responsible for developing our thinking on, and material for the red run to best meet the objective of the red run, set out above. The key outputs and activities for this role are: - Advising on what should be included in the red run to test the initial assessment of business plans process most effectively. - Developing the thinking for, and drafting some parts of the red run material. o This will include parts of the 2-3 complete, but mock up, business plans. o It may also include a small number of additional scenarios relating to individual parts of business plans. - Contributing to the red run review / lessons learnt exercise, including advising on how the process could be improved. The candidate will work as part of an inter-disciplinary team of economists, engineers and accountants in Ofwat. The successful candidate will provide thought leadership and advice, but will not be required to fill a management role.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9bc51518-c903-4115-9f94-d04677118921
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fe10d024-3478-402b-9084-b89ac33ea0e3
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
SME

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
£55,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20187 years ago
Submission Deadline
26 Feb 2018Expired
Future Notice Date
Not specified
Award Date
8 Mar 20187 years ago
Contract Period
12 Mar 2018 - 31 May 2018 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), TLI London
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

INDEPEN

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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