Award

Development of Financial Model Rulebook

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 2 releases in its history.

AwardUpdate

11 Aug 2017 at 17:57

Award Notice
Award

05 Jun 2017 at 09:51

Award Notice
Summary of the contracting process

The Water Services Regulation Authority is seeking a contractor for the development of a Financial Model Rulebook, with a focus on consultancy services in the business and management domain. The procurement method is a direct award, and the contract was awarded to F1F9 UK Ltd for the amount of £19,990. The contract period commenced on 2nd May 2017 and is set to conclude on 30th June 2017. The award was finalised on 24th April 2017, following a tender period that ended on 8th March 2017. The primary locations for service delivery include regions within the West Midlands and London, United Kingdom.

This tender represents a significant opportunity for small and medium-sized enterprises (SMEs) capable of providing consultancy services, particularly those with expertise in developing financial models and rulebooks. Businesses specialising in business consultancy or financial services will find this project aligns well with their service offerings, enabling them to enhance their portfolio and showcase their expertise in this specialised area. This contract not only supports the regulatory framework but also enhances the business's visibility in a competitive market.

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Notice Information

Notice Title

Development of Financial Model Rulebook

Notice Description

The Contractor is required to translate the detailed logic of the model into a rulebook, where it can then be used as a reference for users of the model. The new rulebook delivered will be comparable in terms of overall scope and content with the 'Price Review 2014 (PR14) Financial Model Rule Book' developed for the last price control. Key differences versus the PR14 Rule Book will be: 1) The new rulebook will be more closely linked to the model in terms of structure and detail. 2) The new rulebook will rely more heavily on diagrams to explain the calculation logic within the model.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9fed802e-0471-46cf-9eec-00d3bfdc1f44
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/804c93d9-b80f-42a1-9e16-ede585b51bf7
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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
£19,990 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20178 years ago
Submission Deadline
8 Mar 2017Expired
Future Notice Date
Not specified
Award Date
23 Apr 20178 years ago
Contract Period
1 May 2017 - 30 Jun 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

F1F9

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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