Notice Information
Notice Title
Call off for Special Financial Support
Notice Description
In assuming our role as the regulator, we must be able to react quickly to events outside of our control and triggered by the market. In fulfilling our statutory duties we must ensure the skills and expertise are available to undertake any assessment as it occurs and to mitigate the impact on customers. This call off contract will form part of our risk mitigation and management strategy. This call off Contract follows a Phase 1 call off Contract previously procured in February 2018 for short term support to deliver specific work in relation to financial resilience of the companies which we regulate. We now seek to put in place a wider long term arrangement for the provision of specialist advisory services which may result in one of the areas of work set out in the overall objectives and scope sections of this document. We seek to ensure that we have the necessary support in place to allow us to respond to issues which may impact on a company's financial resilience including matters of financial distress and special administration as well as support in other areas where we might have to assess Merger or Acquisition. The requirement is divided up into 4 workstreams: Workstream 1: Financial Resilience - Analysis of a company's financial position and any possible interventions that may be required Workstream 2: Financial Distress - An entity has a known issue and are likely to be close to or in a position of financial distress Workstream 3: Special Administration - Providing advice to Ofwat where a company is the subject of a Special Administration order Workstream 4: Other Workstreams - Analysis of complex transactions/infrastructure procurement and delivery and/or assessment of an Interim Determination of K (IDoK), a mid-period price review action to adjust prices for the current price control period. To assist in our planning, we propose a call off contract with multiple Contractors with a sufficiently wide scope to cover a range of scenarios, who have demonstrated they should be awarded the Contract through the evaluation process. The number will be dependent on the quality of the bids. This is to mitigate against any conflicts of interest and capacity issues. Contractors are able to bid for one or more workstreams. We are looking to appoint up to 4 Contractors for each workstream, who are best suited to supply services for the particular workstream. However, the final number will be dependent on the quality of the bids which may mean the number of appointed Contractors may be greater or lower than stated. The section on call off of Services outlines the process for activation of the call off. The Contract term will be for TWO years from Contract commencement date with an option for a ONE year extension. Framework rates are to be fixed for the initial 2 years of the Contract. Please refer to the ITT for more information. Additional information: For further information, please contact: procurement@ofwat.gov.uk
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/03b40f18-4484-4e8b-bb48-c58e87904cb7
- 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
- £180,000 £100K-£500K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 11 Feb 20206 years ago
- Submission Deadline
- 19 Nov 2018Expired
- Future Notice Date
- Not specified
- Award Date
- 5 Dec 20187 years ago
- Contract Period
- 11 Jan 2019 - 10 Jan 2021 2-3 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
- 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
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/03b40f18-4484-4e8b-bb48-c58e87904cb7
11th February 2020 - Awarded contract notice on Contracts Finder
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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