Award

2021-145 Working Cap Credit

OFGEM

This public procurement record has 1 release in its history.

Award

07 Dec 2021 at 17:45

Award Notice
Summary of the contracting process

Ofgem, the buyer, has completed the contract for the tender titled "2021-145 Working Cap Credit" in the financial consultancy industry, specifically focusing on financial management and business analysis services. This procurement process utilised an open procedure and was conducted in London, United Kingdom. The contract was awarded to Ernst & Young on 25th November 2021, with a total value of £152,640. The contract period runs from 26th November 2021 to 28th February 2022, and the tender period ended on 1st January 2021.

This tender presents a significant opportunity for businesses specialising in financial consultancy and management services, particularly small and medium-sized enterprises (SMEs) that can offer insights into regulated financial operations. Companies equipped with expertise in navigating energy sector challenges, such as regulatory compliance and financial transaction processing, would be particularly suited to compete for similar future contracts. Engaging in such tenders can drive business growth by increasing visibility and establishing partnerships within the energy market.

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Notice Information

Notice Title

2021-145 Working Cap Credit

Notice Description

Ofgem requires commercial and financial advice in relation to regulated licenced companies. This is in response to the sustained high gas price situation and it's impact on the energy retail market. In particular, this support is required to work on the functioning of the Supplier of Last Resort (SoLR) levy, as well as the interaction of this with network companies.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04e3720e-db12-423c-aed0-703fdc311594
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

72 - IT services: consulting, software development, Internet and support

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

CPV Codes

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

66171000 - Financial consultancy services

72221000 - Business analysis consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£152,640 £100K-£500K
Lots Value
Not specified
Awards Value
£152,640 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Dec 20214 years ago
Submission Deadline
1 Jan 2021Expired
Future Notice Date
Not specified
Award Date
25 Nov 20214 years ago
Contract Period
26 Nov 2021 - 28 Feb 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
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

ERNST & YOUNG

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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