Award

Ad-hoc Regulatory Finance Advice

OFGEM

This public procurement record has 1 release in its history.

Award

02 Mar 2022 at 17:45

Award Notice
Summary of the contracting process

Ofgem, based in London, has completed a procurement process for "Ad-hoc Regulatory Finance Advice" within the financial consultancy sector. The contract, awarded to Mucky Wheel Limited, has a total value of £35,000. The procurement method employed was a selective procedure, with the contract period running from 23rd February 2022 to 31st July 2022. The tender expired on 1st January 2022, and the procurement focused on providing expert technical financial advice related to the Financial Resilience and Control workstream as well as mentoring within their regulatory team.

This tender presents valuable opportunities for businesses specialising in financial consultancy services, particularly those capable of offering expertise in financial management and operational services. Small and medium-sized enterprises (SMEs) with experience in regulatory finance and consultancy would be well-suited to compete in similar future tenders. The involvement of a significant buyer like Ofgem highlights the potential for firms to engage in substantial contracts that can aid in their growth and enhance their market presence.

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Notice Information

Notice Title

Ad-hoc Regulatory Finance Advice

Notice Description

Ofgem has a requirement for the provision of expert technical financial advice for the Financial Resilience and Control workstream to provide expert technical financial advice for RIIO-ED2 draft determination; provide advice and mentoring to existing Regulatory Team members.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b8820e3f-c561-476f-9e8d-d8751cf072ca
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e94ba8d4-df2a-4844-b76c-fe0e07d083f9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66151000 - Financial market operational services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
Not specified
Awards Value
£35,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
23 Feb 20224 years ago
Contract Period
23 Feb 2022 - 31 Jul 2022 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
OFGEM
Contact Name
Allan Weir
Contact Email
allan.weir@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

Supplier Information

Number of Suppliers
1
Supplier Name

MUCKY WHEEL

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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