Award

Ofgem 2024-003 Budget Forecasting and Reporting Process Redesign

OFGEM

This public procurement record has 1 release in its history.

Award

26 Feb 2024 at 17:45

Summary of the contracting process

The buying organization, Ofgem, has awarded a contract for the redesign of a budget forecasting and reporting tool. This procurement falls under financial consultancy services and aims to enhance the budgeting process. The contract value is £51,864 GBP, with a contract period running from 12th February 2024 to 11th August 2025. The procurement method used was an open procedure, with the tender ending on 1st January 2024. The location of the procurement is in London, England, and it is suited for businesses in the services industry.

This tender from Ofgem presents an opportunity for businesses specialising in financial consultancy services to engage in a contract for budget forecasting and reporting tool redesign. With a focus on enhancing financial processes, businesses with expertise in financial management consultancy services can compete for this procurement. The tender period ended on 1st January 2024, and the contract is currently active until 11th August 2025, providing a defined timeframe for interested businesses to participate and contribute to the project's success.

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Notice Title

Ofgem 2024-003 Budget Forecasting and Reporting Process Redesign

Notice Description

contract award under RM6187 lot 4 to redesign a complex budget forecasting and reporting tool

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/107e7cf1-d664-4533-8365-8c0adfbf0d72
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£51,864 Under £100K
Lots Value
Not specified
Awards Value
£51,864 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Feb 20241 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
8 Feb 20242 years ago
Contract Period
12 Feb 2024 - 11 Aug 2025 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
OFGEM
Contact Name
Gary Carlton
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

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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