Award

2021-168 Financial Resilience and Controls

OFGEM

This public procurement record has 1 release in its history.

Award

17 Jan 2022 at 17:45

Award Notice
Summary of the contracting process

The procurement process involves Ofgem, located at 10 South Colonnade, Canary Wharf, London, which is seeking consultancy services under the title "2021-168 Financial Resilience and Controls". This contract falls within the financial services industry category and was awarded following an open procurement method. The tender was initiated on 1st January 2022, with the contract period commencing on 4th January 2022 and concluding on 30th April 2022. The total value of the contract is £215,016, and the competition was primarily aimed at SMEs, although large firms may also be suitable.

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Notice Information

Notice Title

2021-168 Financial Resilience and Controls

Notice Description

Ofgem requires advice in relation to developing a more prudential approach to its regulatory regime, specifically looking into energy suppliers' financial resilience and controls.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cccd1e68-ad28-433b-8c18-c17332ca9152
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3bc7be81-6295-4ae1-94d6-ec002c84c0c8
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

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

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£215,016 £100K-£500K
Lots Value
Not specified
Awards Value
£215,016 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20224 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
5 Jan 20224 years ago
Contract Period
4 Jan 2022 - 30 Apr 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
Not specified
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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