Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

2025-123 Insurance Advisors to OFTO team for Tender and Policy

Ofgem

This public procurement record has 1 release in its history.

Award

10 Sep 2026 at 17:45

Award Notice
Summary of the contracting process

Ofgem procured expert insurance consultancy services for its Offshore Transmission Owner (OFTO) regime. The adviser supports Ofgem’s decision-making and policy development, with the primary responsibility of helping it run efficient tender and transaction processes. The work covers preparation for tender rounds, assessment of bid submissions alongside financial and technical advisers, and support through the transaction stage to Licence Grant and Financial Close. The supplier must also provide knowledge transfer at each stage and general advice on lessons learned. This is a professional services requirement covering insurance consultancy, insurance brokerage and wider financial and insurance services (CPV 66519310, 66518100 and 66000000). Delivery may involve the United Kingdom, British Overseas Territories, the Channel Islands, the Isle of Man, Europe and other parts of the world.

The procurement is complete and was run by Ofgem under an open procedure. The tender submission deadline was 1 January 2026. The contract was awarded on 19 August 2026 to Arthur J. Gallagher Insurance Brokers Limited for £1,000,000. The contract period runs from 20 August 2026 to 19 August 2030. The requirement was evaluated through the selection of the most advantageous tender, with bid submissions assessed in coordination with appointed financial and technical advisers. The contract is for services and was identified as suitable for small and medium-sized enterprises. The award is active, with the selected supplier responsible for the insurance advisory support described for the OFTO tender, transaction, licensing and financial-close processes.

This procurement indicates demand from Ofgem for suppliers able to combine specialist insurance consultancy with practical support on complex infrastructure tenders and transactions. A credible competitor for a future requirement would need to advise on insurance and policy issues within the OFTO regime, prepare effectively for tender rounds, assess and compare bid submissions, and work alongside financial and technical advisers. It would also need to support transactions through Licence Grant and Financial Close, rather than providing stand-alone insurance advice. The requirement favours firms able to transfer knowledge clearly across successive stages, capture lessons learned and provide sound decision support to a public-sector buyer. Its stated suitability for SMEs indicates that specialist smaller consultancies may be well placed where they can demonstrate the necessary expertise and delivery capacity.

How relevant is this notice?

Notice Information

Notice Title

2025-123 Insurance Advisors to OFTO team for Tender and Policy

Notice Description

Ofgem is looking for expert insurance consultancy services to support decision making and policy development for a range of requirements in the Offshore Transmission Owner (OFTO) regime. The primary responsibility of the supplier is to assist Ofgem in running an efficient tender and transaction process. This will include preparatory work in advance of the Tender Rounds and evaluating bid submissions in coordination with other appointed financial and technical advisors. This is to ensure that the most advantageous tender is selected. The supplier will then proceed to the transaction stage where Ofgem will require further support to aid the process to Licence Grant (LG) and Financial Close (FC). Effective transfer of knowledge on each stage of the process along with general advice on lessons learned is also required

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d9d52646-4ed2-44f1-8033-c991f328429c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2dc6c060-7444-4ce6-88a0-322d6d8b187a
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

CPV Codes

66000000 - Financial and insurance services

66510000 - Insurance services

66518100 - Insurance brokerage services

66519310 - Insurance consultancy services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
19 Aug 20264 weeks ago
Contract Period
20 Aug 2026 - 19 Aug 2030 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
Postcode Area
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

Arthur J. Gallagher Insurance Brokers Ltd

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...