Tender

Professional Advisory Services to Support OFGEM's OFTO Team

OFGEM

This public procurement record has 1 release in its history.

Tender

26 Aug 2021 at 16:45

Tender Notice
Summary of the contracting process

Ofgem is seeking professional advisory services to support its Offshore Transmission Operator (OFTO) team through an open tender with the ID MT223767. This procurement process is classified under business and management consultancy services and is located in England. The tender was published on 26 August 2021, with a deadline for submissions set for 27 September 2021. The contract period is expected to commence on 6 December 2021 and will last until 5 December 2025, with a total budget allocation of £640,000.

This tender presents a significant opportunity for businesses that specialise in consultancy services related to energy and transmission operations. Companies with expertise in regulatory compliance and policy development, particularly those that are small and medium-sized enterprises (SMEs), should consider participating. By engaging in this procurement, successful bidders can contribute to key decision-making processes and establish solid relationships within the energy sector, positioning themselves for further growth and opportunities in related projects.

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Notice Information

Notice Title

Professional Advisory Services to Support OFGEM's OFTO Team

Notice Description

OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f5932245-1b6f-4614-b7ff-699e536db9aa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e4f865d1-95ca-4f68-b468-aee192ab2b1f
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender 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

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

CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£640,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
26 Aug 20214 years ago
Submission Deadline
27 Sep 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
6 Dec 2021 - 5 Dec 2025 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
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
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

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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