Award

2020 - 205 Short Term Consultancy Support to quantify benefits of Reforms

OFGEM

This public procurement record has 1 release in its history.

Award

30 Mar 2021 at 16:45

Summary of the contracting process

The procurement process involves Ofgem, the buyer based in London, which has recently completed a tender titled "2020 - 205 Short Term Consultancy Support to quantify benefits of Reforms." This procurement falls under the financial consultancy services category and was executed through an open procedure. The tender period concluded on 12th March 2021, with the contract effective from 29th March 2021 until 28th July 2021. The contract was awarded on 26th March 2021, with a total contract value of GBP 149,685, of which GBP 98,346 has been awarded to the supplier, Frontier Economics.

This tender presents lucrative opportunities for businesses specialising in financial consultancy services, especially small and medium-sized enterprises (SMEs) that cater to the assessment of financial benefits related to regulatory reforms. Businesses with experience in consulting and analysis within the energy sector may find this contract particularly relevant, given the focus on Balancing Services Use of System (BSUoS) charges. Engaging in this procurement may help firms expand their portfolio and build strong relationships with regulatory bodies like Ofgem.

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Notice Title

2020 - 205 Short Term Consultancy Support to quantify benefits of Reforms

Notice Description

The provision of consultancy support to assess the costs and benefits of reforms to Balancing Services Use of System (BSUoS) charges

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a85017d5-603d-4a9c-85ce-344ca0e45e03
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2eec184e-fb1b-4ef2-9f1f-d967a18bae41
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


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£149,685 £100K-£500K
Lots Value
Not specified
Awards Value
£98,346 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Mar 20214 years ago
Submission Deadline
12 Mar 2021Expired
Future Notice Date
Not specified
Award Date
26 Mar 20214 years ago
Contract Period
28 Mar 2021 - 28 Jul 2021 1-6 months
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
TLI London

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

FRONTIER ECONOMICS

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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