Award

Regulatory Finance Policy Workstream Lead

OFGEM

This public procurement record has 1 release in its history.

Award

18 May 2022 at 16:45

Award Notice
Summary of the contracting process

The procurement process is led by Ofgem, the energy regulator for Great Britain, for the tender titled "Regulatory Finance Policy Workstream Lead." This contract falls within the financial consultancy services sector and has a total value of £150,000. The procurement method was a selective tender using a restricted procedure, and the contract period runs from 12th May 2022 to 30th November 2022. Key activities involve analysing data related to the cost of capital and drafting regulatory documents, with the tender period having ended on 1st January 2022.

This tender presents a significant opportunity for businesses aiming for growth within the financial consultancy sector, particularly those experienced in regulatory finance and energy policy. Small and medium-sized enterprises (SMEs) are encouraged to compete, as the procurement specifies suitability for SMEs. Companies with expertise in data analysis, financial services, and regulatory frameworks would be particularly well-suited for this contract, enabling them to establish a notable presence in the market.

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Notice Information

Notice Title

Regulatory Finance Policy Workstream Lead

Notice Description

The scope of work includes: - Getting to a position of the cost of capital for RIIO-ED2. - Collection and analysis of relevant data relating to equity, debt, gearing and/or credit quality - The drafting of Draft Determinations for RIIO-ED2 and other consultations and decision documents. - Lead on the regulatory finance policy inputs into each of the sectoral price controls, and other areas of policy development as required, for example low carbon RAB

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e3f9bcf2-53b7-4542-b804-5372a214436d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/188fd387-a24c-4ac7-a074-b9fcb2fde0ab
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial 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
18 May 20223 years ago
Submission Deadline
1 Jan 2022Expired
Future Notice Date
Not specified
Award Date
11 May 20223 years ago
Contract Period
11 May 2022 - 30 Nov 2022 6-12 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
Rebecca Green
Contact Email
rebecca.green@ofgem.gov.uk
Contact Phone
+44 8088082282

Buyer Location

Locality
GLASGOW
Postcode
G1 1LH
Post Town
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow East

Supplier Information

Number of Suppliers
1
Supplier Name

MCC ECONOMICS

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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