Notice Information
Notice Title
Call Off Interim Financial Specialist Support
Notice Description
Scope of work There are some areas of work that we have identified that we require to be delivered in phase one of this contract. There may then be further work required following phase one. We will then be able to call on this resource when required through the call off contract. First discrete piece of work (Phase one) We are looking at ways in which we can use the existing water company licences and our wider policy approach to support financial resilience. We have undertaken a review of the existing company licences to identify areas where they can be strengthened. Under phase one we require one or two Key Personnel to input into the ongoing work in relation to the way in which the ring fence operates and how we can make it more effective. We are seeking support across this work package and as an indication some of the areas that we may wish the Key Personnel to contribute to include but are not limited to: * Operation of the financial ring fence and the existing consents framework. * Quality, consistency and content of ring fence certificates provided by companies. * Use of credit ratings and cash lock up mechanisms and impact of changing trigger levels on other factors such as cost of capital/company financing. * Impact of existing securitisation arrangements on the resilience of companies. * Impact of group loan arrangements on the resilience of companies. * Use of existing covenants within company borrowing arrangements to support resilience. * Other issues relating to the ownership, funding and performance of companies. * Any suggestions the Key Personnel may have in addition to the above list. We anticipate there will be an initial 20 days of work to contribute to the above. This will be negotiated before the work commences, based on the exact scope of work and the experience and skills of the Key Personnel. Further phases We anticipate that there will be occasions during the rest of the financial year where we will need further specialist financial support. We will call off on the contract as needed after the first discrete piece of work to the end of July 2019. There may be the possibility of an option to extend the contract but the duration is subject to internal approval. The Customer will notify the Contractor once internal approval has been obtained or otherwise. The Customer will provide the Contractor 7 Working Days' written notice or other time period as agreed by the Parties, before each call off. Additional information: For further information, please contact: procurement@ofwat.gsi.gov.uk
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-e6425c2b-3ee0-4f2e-bebd-36a5fbddac27
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/52d73f9d-bfab-4e6d-85f8-284fc422ca24
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Call-off from a framework agreement
- Tender Suitability
- SME
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79412000 - Financial management consultancy services
Notice Value(s)
- Tender Value
- £41,000 Under £100K
- Lots Value
- Not specified
- Awards Value
- £41,000 Under £100K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 20 Aug 20187 years ago
- Submission Deadline
- 18 Jul 2018Expired
- Future Notice Date
- Not specified
- Award Date
- 26 Jul 20187 years ago
- Contract Period
- 30 Jul 2018 - 8 Aug 2019 1-2 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
- WATER SERVICES REGULATION AUTHORITY
- Contact Name
- Not specified
- Contact Email
- mailbox@ofwat.gsi.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- BIRMINGHAM
- Postcode
- B5 4UA
- Post Town
- Birmingham
- Country
- England
-
- Major Region (ITL 1)
- TLG West Midlands (England)
- Basic Region (ITL 2)
- TLG3 West Midlands
- Small Region (ITL 3)
- TLG31 Birmingham
- Delivery Location
- TLG West Midlands (England), TLI London
-
- Local Authority
- Birmingham
- Electoral Ward
- Ladywood
- Westminster Constituency
- Birmingham Ladywood
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/52d73f9d-bfab-4e6d-85f8-284fc422ca24
20th August 2018 - Awarded contract notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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