Award

Financial Resilience - (A) Corporate Structures

WATER SERVICES REGULATION AUTHORITY (OFWAT)

This public procurement record has 1 release in its history.

Award

11 Mar 2020 at 15:56

Award Notice
Summary of the contracting process

The Water Services Regulation Authority (Ofwat) has completed a procurement process titled "Financial Resilience - (A) Corporate Structures". This tender falls within the general management consultancy services industry category and took place in various locations, including Birmingham and London, United Kingdom. The procurement method employed was a negotiated procedure without prior publication below OJEU. The tender period concluded on 5th February 2020, with the resulting contract being awarded on 14th February 2020, and is set to run from 17th February 2020 to 31st March 2020, with a total contract value of £49,726. The contract's objective involves reviewing the corporate structures of regulated water companies and identifying potential issues affecting their financial stability.

This tender presents significant opportunities for businesses specialising in management consultancy, particularly those with expertise in financial analysis and corporate structure evaluation. Small and medium-sized enterprises (SMEs) are encouraged to participate, especially if they can demonstrate experience in working with regulated sectors. Businesses that can provide in-depth analysis of corporate ownership, identify risks associated with restructuring, and advise on financial impacts will be well-positioned to compete successfully for future contracts in this space.

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Notice Information

Notice Title

Financial Resilience - (A) Corporate Structures

Notice Description

Work requirement (A) - Corporate Structures We will provide the Supplier with the information that we currently hold on the ownership of each of the main 17 regulated water and waste water companies and would like the Supplier to identify actual or potential issues that could affect the regulated companies position, including: Reviewing the structure and ownership of each holding company group. Identifying issues in the structure (at holding company level/other associate company level) that could affect the regulated company in any way. Anything else the Supplier identifies that is not listed above, to be agreed in advance. The work should highlight any particular concerns about the financial position of the holding companies, how that impacts the regulated companies, and its ability to withstand the impact of cost shocks, access to new capital, and any reduction/cessation in the flow of dividends from the regulated company. Where groups have undergone any restructuring activities in the last 2 years the work should provide a view on the purpose of that restructuring and any risks which might be associated with the approach that has been taken. Additional information: For Further Information;please contact procurement@ofwat.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9d5e9ffa-1d68-4e1e-a604-09f4b202bc88
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6d1c2599-5534-4cc4-a68f-28de21d24331
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 - Negotiated Procedure Without Prior Publication Below OJEU
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79411000 - General management consultancy services

Notice Value(s)

Tender Value
£49,726 Under £100K
Lots Value
Not specified
Awards Value
£49,725 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20205 years ago
Submission Deadline
5 Feb 2020Expired
Future Notice Date
Not specified
Award Date
14 Feb 20206 years ago
Contract Period
17 Feb 2020 - 31 Mar 2020 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 (OFWAT)
Contact Name
Not specified
Contact Email
mailbox@ofwat.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

BDO

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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