Award

Stress Testing Support

OFGEM

This public procurement record has 1 release in its history.

Award

16 Jan 2023 at 17:45

Award Notice
Summary of the contracting process

The buying organization for this procurement process is Ofgem, based in London, England. The tender titled "Stress Testing Support" falls under the industry category of financial consultancy services. The procurement stage is complete, with a contract value of £65,000 GBP. The contract period starts on January 10, 2023, and ends on March 31, 2023.

This tender offers opportunities for businesses specializing in financial consultancy services, business analysis consultancy services, business and management consultancy, and energy-related services. Small and medium-sized enterprises (SMEs) are particularly suitable to compete in this open procedure procurement. For more information, interested parties can contact Ruksar Din at procurement2@ofgem.gov.uk or visit Ofgem's website at http://www.ofgem.gov.uk.

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Notice Information

Notice Title

Stress Testing Support

Notice Description

In light of the wave of supplier failures in the past couple of years and ongoing market volatility, Ofgem is undertaking work to assess the energy market outlook for 2023, including scenario and response planning. To help inform decisions, support is required to gather evidence of the financial position of suppliers under different market scenarios.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f9d1d964-821f-4a48-80dd-872e655e4679
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c0ac9d0f-5e07-4a1f-b610-c5c2ba2f1f76
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

71 - Architectural, construction, engineering and inspection services

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

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

CPV Codes

66171000 - Financial consultancy services

71314000 - Energy and related services

72221000 - Business analysis consultancy services

79400000 - Business and management consultancy and related services

79410000 - Business and management consultancy services

79411100 - Business development consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£65,000 Under £100K
Lots Value
Not specified
Awards Value
£65,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jan 20233 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
10 Jan 20233 years ago
Contract Period
10 Jan 2023 - 31 Mar 2023 1-6 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
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

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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