Award

Management and allocation of voluntary redress payments made by energy companies

OFGEM

This public procurement record has 1 release in its history.

Award

23 Aug 2017 at 16:41

Award Notice
Summary of the contracting process

The procurement process involves Ofgem as the buying organisation, which is seeking services for the "Management and allocation of voluntary redress payments made by energy companies." This initiative falls under the administrative services for business operations category, with a total contract value of £500,000. The procurement method employed is a selective procedure, and the tender period ended on 1st January 2017. The contract was awarded on 4th August 2017, with a contract period stretching from that date until 3rd August 2019. The geographical reach includes locations within the United Kingdom and British Overseas Territories.

This tender represents a valuable opportunity for businesses focused on financial management, charitable funding allocation, or project monitoring within the energy sector. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would be particularly well-suited to compete for this contract, as they can leverage their agility and community ties to meet Ofgem's objectives of delivering real benefits to consumers. Businesses that can demonstrate expertise in evaluating project outcomes and managing funds effectively will be in a strong position to win this contract.

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Notice Information

Notice Title

Management and allocation of voluntary redress payments made by energy companies

Notice Description

The Service Provider will be responsible for:Financial management of volunatary redress monies paid by energy companies;Identifying potential charitable recipients, to be allocated redress funding whose projects would achieve our objectives;Monitoring the projects and evaluating the use of the funds and taking action to ensure that the projects are delivering real benefits to consumers; andProviding regular reports on the performance against the objectives.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-faeae39d-b760-4a3b-84aa-491aa413d892
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d1dbd0ce-1510-42c0-bc59-9c52439ae3db
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, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

75 - Administration, defence and social security services

CPV Codes

75112000 - Administrative services for business operations

Notice Value(s)

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

Notice Dates

Publication Date
23 Aug 20178 years ago
Submission Deadline
1 Jan 2017Expired
Future Notice Date
Not specified
Award Date
3 Aug 20178 years ago
Contract Period
3 Aug 2017 - 3 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
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
SW1P 3GE
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ENERGY SAVING TRUST

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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