Award

The supply of Corporate Finance Advice on Key Aspects of the Contingency Work Relating to the Impact of EU Exit on the Single Electricity Market on the Island of Ireland.

BUSINESS ENERGY AND INDUSTRIAL STRATEGY

This public procurement record has 2 releases in its history.

AwardUpdate

13 Aug 2019 at 09:18

Award

14 May 2019 at 10:25

Summary of the contracting process

The procurement process is led by the Business Energy and Industrial Strategy based in London, England. This tender, titled "The supply of Corporate Finance Advice on Key Aspects of the Contingency Work Relating to the Impact of EU Exit on the Single Electricity Market on the Island of Ireland," falls under the financial and insurance services industry. The procurement stage is complete, with the contract awarded to Deloitte LLP through a selective procurement method via a framework agreement. The contract period commenced on 19th February 2019 and will conclude on 31st March 2020. The total value of the contract is not explicitly defined but is approximately within £0 to £950,000, dependent on the department's needs throughout the contract term.

This opportunity could significantly benefit businesses specialising in financial management consultancy, particularly those that can provide corporate finance advice and analysis tailored to the implications of the EU exit on electricity markets. Small and medium-sized enterprises (SMEs) would be well-suited to compete for this contract, especially those with expertise in economic consulting and regulatory frameworks within the UK's energy sector. The environment is ripe for growth as companies look to support the transition and adjustments necessary in light of the changing regulatory landscape.

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Notice Title

The supply of Corporate Finance Advice on Key Aspects of the Contingency Work Relating to the Impact of EU Exit on the Single Electricity Market on the Island of Ireland.

Notice Description

Corporate Finance advice on key aspects of the contingency work relating to the impact of EU exit on the Single Electricity Market on the Island of Ireland. Specifically, general corporate finance advice, analysis and modelling in relation to EU exit. Additional information: This was awarded though a call -off from the Ofgem Framework - Pan Regulators' Framework Agreement for Economic, Financial and Related Consultancy Services Framework Sub-Lot 4A. Sub-Lot 4J. This contract is a T&M contract therefore the contract value is not of defined value but is within a range of PS0-PS950,000. The amount of work to be conducted by the supplier is dependent on the requirement of the Department over the course of the contract term. There is no guarantee that the value of this contract will reach the maximum PS950,000.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c483762a-f31e-421d-8e85-deb1eb8cedea
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/937a3ea9-c74e-429f-b470-b42ebc574d1d
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66000000 - Financial and insurance services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£950,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Aug 20196 years ago
Submission Deadline
28 Jan 2019Expired
Future Notice Date
Not specified
Award Date
13 Feb 20197 years ago
Contract Period
19 Feb 2019 - 31 Mar 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
BUSINESS ENERGY AND INDUSTRIAL STRATEGY
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
SW1H 0ET
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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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