Tender

Management and Allocation of Voluntary Redress Payments

OFGEM

This public procurement record has 1 release in its history.

Tender

21 Sep 2021 at 16:45

Tender Notice
Summary of the contracting process

The procurement process initiated by Ofgem is for the contract titled "Management and Allocation of Voluntary Redress Payments," which falls under the financial management consultancy services category. The tender was published on 21st September 2021, and the tender period is set to close on 26th October 2021. The contract duration is from 22nd February 2022 to 21st February 2024, and participation is available to businesses located in British Overseas Territories, the Channel Islands, Europe, the Isle of Man, and the United Kingdom. The procurement method is open, following the open procedure.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) specialized in financial management consultancy services. Suitable businesses that could compete effectively include those with proven expertise in managing financial allocations and grant distribution. Engaging in this contract could facilitate growth for SMEs looking to expand their service offerings or enhance their market presence within the public sector.

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Notice Information

Notice Title

Management and Allocation of Voluntary Redress Payments

Notice Description

This tender is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c7dfe74c-0ad9-4e65-84cf-aa4615142ba7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/455cc8f2-7099-4320-ac46-c237cb394002
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender 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

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

CPV Codes

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Sep 20214 years ago
Submission Deadline
26 Oct 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
22 Feb 2022 - 21 Feb 2024 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

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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