Award

Price Cap - Wholesale Adjustments

OFGEM

This public procurement record has 1 release in its history.

Award

25 Nov 2021 at 17:45

Award Notice
Summary of the contracting process

Ofgem, located at 10 South Colonnade, Canary Wharf, London, is the contracting authority for the tender titled "Price Cap - Wholesale Adjustments". This procurement process, classified under the business analysis consultancy services industry, has recently reached the award stage, with the contract valued at £420,000. The open procedure tender period ended on 1 January 2021, while the contract period commenced on 4 November 2021 and will conclude on 3 August 2022.

This tender presents significant opportunities for consultancy firms specialising in business analysis, project management, and related management services, particularly those that qualify as SMEs. Businesses that possess expertise in advising on tariff adjustments in response to energy price fluctuations would be particularly well-suited to compete for this contract. Engaging with Ofgem could enhance their portfolio and build credibility in the energy consultancy sector.

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Notice Information

Notice Title

Price Cap - Wholesale Adjustments

Notice Description

This requirement is for a team to work on the default tariff cap - specifically to assist in the determination whether any adjustment is required to the cap as a result of the current energy price hike, and if so, what form/level it should take. This work will feed into a decision at the start of February 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e4327414-28b9-4c6b-a25e-e49add7f35f2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4d5269e2-3385-450b-b235-f726ce475d8a
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

72221000 - Business analysis consultancy services

72224000 - Project management consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411000 - General management consultancy services

79411100 - Business development consultancy services

Notice Value(s)

Tender Value
£420,000 £100K-£500K
Lots Value
Not specified
Awards Value
£420,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Nov 20214 years ago
Submission Deadline
1 Jan 2021Expired
Future Notice Date
Not specified
Award Date
3 Nov 20214 years ago
Contract Period
4 Nov 2021 - 3 Aug 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
Lynsey Gordon
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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

BARINGA 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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