Award

Delivery Partner in Support for Ofwat's Price Review 2019

WATER SERVICES REGULATION AUTHORITY

This public procurement record has 7 releases in its history.

Award

17 Aug 2018 at 16:27

Planning

26 Apr 2017 at 20:25

Planning

26 Apr 2017 at 08:47

Planning

26 Apr 2017 at 08:47

Planning

24 Apr 2017 at 15:18

Planning

24 Apr 2017 at 15:16

Planning

19 Apr 2017 at 14:31

Summary of the contracting process

The WATER SERVICES REGULATION AUTHORITY has awarded a contract titled "Delivery Partner in Support for Ofwat's Price Review 2019" to PricewaterhouseCoopers, valued at GBP 7,844,625. This procurement falls under the category of professional services (CPV 98112000) and is being delivered within the regions of West Midlands and London, England. The contract period runs from 5 July 2018 to 31 January 2020, following an award date of 4 July 2018. The procurement method utilised was a selective process through a restricted procedure which is typically employed for contracts that exceed a certain financial threshold. The procurement stage is complete, having moved beyond planning and tendering to contract execution.

This contract presents a significant opportunity for businesses with expertise in regulatory economics, engineering, corporate finance, tax, and financial modelling. Organisations that can provide skilled resources to manage peak workloads and contribute to the critical price review processes would be well-suited to compete. Companies capable of collaborating and adapting to Ofwat's strategic direction while adhering to their values will find this is an ideal engagement to enhance their market presence and capabilities within the utility sector.

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Notice Title

Delivery Partner in Support for Ofwat's Price Review 2019

Notice Description

To help deliver PR19, we are seeking a Delivery Partner who will work collaboratively with us to provide support, analysis, advice, and knowledge sharing. We expect the Delivery Partner will have the capacity and capability to deliver under Ofwat's strategic direction, providing skills and expertise, in particular, to support peaks in our workload that we require for a fixed period of time. At a high level, the Delivery Partner will be required to: - have a working knowledge of the full range of issues arising in the context of price reviews in the water or wider utility sector, - exercise sound judgment in supporting Ofwat in PR19, with appropriate checks and assurance - exercise sound judgment in supporting Ofwat in PR19, with appropriate checks and assurance, - have sufficient resource with requisite skills and capabilities to support PR19, - work in accordance with our values and the partnership principles in the contract, - flexibly manage resources and deal with uncertainty and change, - support our learning environment by sharing knowledge, - manage the delivery of services at a capped price, - have appropriate arrangements to protect our information, and, - manage effectively any actual/perceived conflicts of interest. Key disciplines: We require the following skillsets: - regulatory economics, - engineering, - corporate finance and tax, - financial and cost modeling support. We expect the work to involve assistance with the initial assessment of company business plans (as defined in the PR19 final methodology) and our draft and final determinations. This includes but is not limited to: - providing regulatory policy advice, e.g. assessment of customer perspectives, outcomes, affordability, resilience, board assurance, and the role of innovation, - assessing efficient costs through economic cost modeling, - engineering advice and value for money assessment of proposals for expenditure in company business plans, - providing regulatory economics advice, e.g. incentive design, - advising on the cost of capital and assessing financeability of companies, and, - operating financial models and data capture from company submissions. Contract: - estimated contract start is May 2018, to allow the Delivery Partner to be involved in the development of processes and assurances before submission of company business plans in September 2018, - the contract will then run until final determinations in December 2019, with a period of knowledge transfer and, if necessary, support for Ofwat in the event of any appeals to the Competition and Markets Authority (CMA) on final determinations. - within the contract, we plan to use an incentive mechanism to encourage the Delivery Partner to commit to the overall success of PR19 and meet agreed standards of performance. Additional information: For further information, please contact: procurement@ofwat.gsi.gov.uk This Contract relates to Contract Notice: 2018/S 005 - 007208

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bd4b1884-13cb-4d99-bd70-b36678ef4d37
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0492277d-5ff5-4ebc-9bf1-a31c0a1f9269
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Restricted procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

98 - Other community, social and personal services


CPV Codes

79400000 - Business and management consultancy and related services

79600000 - Recruitment services

79900000 - Miscellaneous business and business-related services

98112000 - Services furnished by professional organisations

Notice Value(s)

Tender Value
£7,844,625 £1M-£10M
Lots Value
Not specified
Awards Value
£7,844,625 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Aug 20187 years ago
Submission Deadline
26 Mar 2018Expired
Future Notice Date
23 Feb 2018Expired
Award Date
3 Jul 20187 years ago
Contract Period
4 Jul 2018 - 31 Jan 2020 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

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

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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