Notice Information
Notice Title
Professional Advisory Services to Support OFGEM's OFTO Team
Notice Description
OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/7c6250ce-f7ad-4cc8-96ac-80277a233251
- 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
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79410000 - Business and management consultancy services
Notice Value(s)
- Tender Value
- £9,000,000 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- £9,000,000 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 14 Jan 20224 years ago
- Submission Deadline
- 1 Oct 2021Expired
- Future Notice Date
- Not specified
- Award Date
- 11 Jan 20224 years ago
- Contract Period
- 6 Jan 2022 - 5 Jan 2026 4-5 years
- 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
- OFGEM
- Contact Name
- Not specified
- Contact Email
- procurement2@ofgem.gov.uk
- Contact Phone
- +44 2079017000
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
- Not specified
-
- Local Authority
- Tower Hamlets
- Electoral Ward
- Canary Wharf
- Westminster Constituency
- Poplar and Limehouse
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/7c6250ce-f7ad-4cc8-96ac-80277a233251
14th January 2022 - Awarded contract notice on Contracts Finder -
https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JAN163537
NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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