Award

Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9

OFGEM

This public procurement record has 1 release in its history.

Award

31 Aug 2022 at 16:45

Award Notice
Summary of the contracting process

The procurement process involves the award of a contract by Ofgem to Chatham Financial Europe, Ltd for financial consultancy services. The contract's title is "Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9", with a total value of £150,000. Ofgem, based in London, England, initiated this tender using an open procedure, with a tender period ending on 16th June 2022. The contract period spans from 25th August 2022 to 24th August 2025.

This tender by Ofgem presents an opportunity for businesses in the financial consultancy services sector to provide benchmarking advisory services for OFTO transactions. Small and medium enterprises (SMEs) particularly stand to benefit from this opportunity. The competitive pricing required can attract firms with expertise in financial management consultancy services, looking to expand their portfolio. Businesses with experience in similar areas and the ability to establish transparent pricing mechanisms are well-suited to compete for this contract and enhance their growth prospects.

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Notice Information

Notice Title

Ofgem 2021-123 Benchmarking Advisor to provide support on OFTO transactions T7 T8 and T9

Notice Description

Award of a contract for the services of a benchmarking adviser to ensure that the most competitive pricing of any financial instrument is achieved at Financial Close and a clear and transparent process is followed in arriving at this pricing.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d81a1dc4-75b0-4024-9fce-bad0622d7d51
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/77684ba7-5e72-4be2-ae07-259c31f4aa04
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

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
31 Aug 20223 years ago
Submission Deadline
16 Jun 2022Expired
Future Notice Date
Not specified
Award Date
24 Aug 20223 years ago
Contract Period
24 Aug 2022 - 24 Aug 2025 3-4 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

CHATHAM FINANCIAL EUROPE

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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