Tender

DR5025 - Energy Supply Brokerage Service

TOWER HAMLETS

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

The London Borough of Tower Hamlets is currently seeking tenders for the contract titled "DR5025 - Energy Supply Brokerage Service". This procurement is classified under the industry category of petroleum products, fuel, electricity and other sources of energy, with a project location in London, UK. The procurement method is open, and the procurement stage is currently active, with a tender submission deadline set for 22 July 2016. The anticipated start date for the contract is 1 September 2016, lasting for an initial 12-month period, with a potential for two further 12-month extensions. The estimated contract value ranges between £25,000 to £50,000 per annum.

This contract presents valuable opportunities for businesses, particularly those specialising in energy brokerage services, energy procurement, and risk management within volatile energy markets. Companies that can provide expertise in energy market strategies, such as forward purchasing and financial control, would be well-suited to compete for this tender. Firms looking to establish or expand their presence within the public sector, particularly in the London area, may find this an advantageous opportunity to grow their operations and increase their client portfolio.

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Notice Information

Notice Title

DR5025 - Energy Supply Brokerage Service

Notice Description

The London Borough of Tower Hamlets (LBTH) seeks the submission for tenders from suitably qualified brokerage providers for the provision of an efficient and effective energy brokerage service, providing and managing the Councils energy procurement and risk strategies and a platform on which to trade for the natural gas and grid electricity for the LBTH estate. The estate, consisting of various sites across the borough, comprises sites within the councils direct control (operational buildings, idea stores etc.). The Council seeks to appoint a provider with the required expertise and experience of the Energy markets to afford the Council additional flexibility and take advantage of the volatil energy markets, purchasing when there are dips in energy prices, forward purchasing, participating in Triad periods, buyback gas contracts and hedge electricity contracts. The successful provider will be required to recommend and produce the Councils procurement risk strategies including support capability using both fundamental and technical analysis and reporting systems to deliver financial control and meet the Council's objectives for budgetary control for the initial 12 months of the framework (01/09/16 - 31/08/17) and quarterly there-after. The anticipated contract start date is: Thursday, 01 September 2016 The estimated value of the contract is: Between PS25-50k Per Annum For a period of: 12 months, with the possibility of 2 further extensions of 12 months each to be granted at the Councils sole discretion. Additional information: Organisations wishing to express their interest are requested to register on the London Tenders Portal (www.londontenders.org) where the tender documentation will be available for download. You may be required to complete a Pre-Qualification Questionnaire (PQQ). Organisations must ensure that access to the system is available to their representatives dealing with the contract. The council will not be liable for the lack of delegated access within the organisation and will not send any documentation regarding the contract, which shall be exclusively available through the portal. Tenderers are responsible for allowing sufficient time to submit their ITT/PQQ. The Council accepts no liability whatsoever for ITT/PQQs that are not submitted due to internet connectivity issues, transmission delays or errors. The deadline for the return of Tender Submissions is: Friday, 01 July 2016 12:00 noon LBTH is an Equal Opportunities Employer and a supporter of Ethical Governance, our protocol can be found here along with Guidance to Suppliers and Providers. Or via: http://www.towerhamlets.gov.uk/ LBTH does not undertake to invite all applicants or bind itself to accept the lowest or any Tender. LBTH will not be liable for any costs incurred in tendering for this contract. If you require any further information please contact: Nicole Phillips at: procurement@towerhamlets.gov.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca66be4a-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fcc8db8a-f101-4def-8f59-eb8a03e13ed3
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

09 - Petroleum products, fuel, electricity and other sources of energy

65 - Public utilities

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

CPV Codes

09000000 - Petroleum products, fuel, electricity and other sources of energy

65400000 - Other sources of energy supplies and distribution

66132000 - Commodity brokerage services

71314000 - Energy and related services

71314200 - Energy-management services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
22 Jul 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2016 - 1 Sep 2017 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
TOWER HAMLETS
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 2BG
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
Poplar
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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