Award

2024-097A Specialist OFTO Advisory Services

OFGEM

This public procurement record has 1 release in its history.

Award

26 Jul 2024 at 16:45

Award Notice
Summary of the contracting process

Ofgem has completed the "2024-097A Specialist OFTO Advisory Services" tender, seeking commercial and financial consultancy services. The project falls under the financial consultancy and procurement consultancy services categories and encompasses multiple regions, including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the Rest of the World. The procurement process followed an open procedure, with the tender period concluding on 1 January 2024. The contract, valued at £80,000, officially starts on 3 August 2024 and will run until 2 August 2028.

This tender presents a significant opportunity for businesses specialising in financial consultancy and procurement advisory to influence decision-making processes within Ofgem’s OFTO regime. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete, providing insights and appraisals to senior management. The awarded contract to Sir Keith Stuart underscores the potential for growth and visibility in high-profile government consultancy roles.

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Notice Information

Notice Title

2024-097A Specialist OFTO Advisory Services

Notice Description

The Authority requires the Consultant to provide commercial, financial advice and appraisals to senior management on all aspects of the tender process and to provide opinion in relation to the OFTO regime and new transmission investment

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e27f693c-eb25-4615-a6a9-accab2ce3273
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/27b0137c-812b-45cc-8fd0-b26cb6882f03
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

79418000 - Procurement consultancy services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£80,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jul 20241 years ago
Submission Deadline
1 Jan 2024Expired
Future Notice Date
Not specified
Award Date
7 Jul 20241 years ago
Contract Period
2 Aug 2024 - 2 Aug 2028 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
Kirsty McVeigh
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
+44 2079017000

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

SIR KEITH STUART

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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