Award

2025-056 Financial Adviser for OFTO TR13

OFGEM

This public procurement record has 1 release in its history.

Award

17 Sep 2025 at 16:45

Award Notice
Summary of the contracting process

On 17th September 2025, Ofgem completed the award stage of a significant procurement process seeking a financial adviser for the Offshore Transmission Owner (OFTO) Tender Round 13 (TR13). The process was conducted using an open procurement method, involving a contract valued at approximately £1.83 million. The tender focuses on financial consultancy services within the category of "Financial consultancy, financial transaction processing and clearing-house services" and targets locations across the United Kingdom, Europe, and beyond. The contract period began on 8th September 2025 and will continue until 7th September 2029. The successful bidder, Smith Square Partners LLP, will provide consultancy support essential for Ofgem to conduct a robust and effective tender process.

This procurement process represents a substantial opportunity for businesses specialising in financial consultancy, especially those experienced in advising on large infrastructural projects or within the utility sector. The provision for SMEs indicates openness to accommodating smaller enterprises capable of delivering these vital services. Such projects can enhance business portfolios and provide significant growth potential given the long-term nature and geographic scope of the contract. Firms adept in offering comprehensive consultancy that includes understanding market capacities, funding models, and financial assessments would find this tender particularly well-suited to their capabilities.

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Notice Information

Notice Title

2025-056 Financial Adviser for OFTO TR13

Notice Description

Ofgem is required to run a tender exercise for all offshore transmission (OFTO) projects that qualify under the OFTO Tender Regulations 20151. The next offshore tender round - Tender Round 13 (TR13) - Ofgem is launching in September 2025. Provision of financial consultancy support services will be crucial to ensuring that a robust tender process takes place for TR13 and without this, Ofgem will be unable to run an effective tender process for this tender round. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process. This will include advice and support to Ofgem on areas such as market capacity, existing funding models and options, key financial parameters to be reflected in the process (e.g. indexation policy), input to the design and content of tender questionnaire criteria and documentation, evaluation of bidder submissions, as well as various aspects of financial assessment required to bring the project to close/appoint an Offshore Electricity Transmission (OFTO).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d3a09a14-ff38-4cb4-93ab-50edab6652f0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3c9491c8-bab8-4a12-a04b-973be91167c4
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

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£1,834,867 £1M-£10M
Lots Value
Not specified
Awards Value
£1,834,867 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Sep 20255 months ago
Submission Deadline
1 Jan 2025Expired
Future Notice Date
Not specified
Award Date
7 Sep 20255 months ago
Contract Period
7 Sep 2025 - 7 Sep 2029 4-5 years
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

SMITH SQUARE PARTNERS

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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