Award

Management and Allocation of Voluntary Redress Payments

OFGEM

This public procurement record has 2 releases in its history.

Award

19 Apr 2022 at 15:36

Tender

21 Sep 2021 at 15:44

Summary of the contracting process

The public procurement process involves Ofgem, the Office of Gas and Electricity Markets, as the contracting authority. The tender, titled "Management and Allocation of Voluntary Redress Payments," falls under the financial management consultancy services category. The procurement is currently in the active tender stage, with an end date of 26 October 2021 for submissions. The total contract value is £2 million and the services will be required across the UK, aimed at managing voluntary redress payments to benefit energy consumers.

This opportunity presents significant potential for businesses specialising in financial management, regulatory services, and project management consultancy. Companies with experience in grant allocation and knowledge of the energy sector, particularly those that can demonstrate expertise in serving charitable organisations and energy consumers in Great Britain, would be well-suited to compete. With an open procurement method, this tender allows for a competitive environment where qualified suppliers can showcase their capabilities and contribute to a key public service initiative.

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Notice Title

Management and Allocation of Voluntary Redress Payments

Notice Description

This award is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

Lot Information

Lot 1

An award to an expert with experience in allocating funds to charitable organisations and with knowledge of the needs of energy consumers across Great Britain, to allocate voluntary redress payments (the "Service Provider") to support Ofgem in meeting its objective of protecting the interests of existing and future energy consumers.

Renewal: A further 24 months extension is available at The Authorities discretion. And then a further 24 month extension is available for The Authority to procure Run off Services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e33c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010230-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

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


CPV Codes

66150000 - Financial markets administration services

66151000 - Financial market operational services

66152000 - Financial market regulatory services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

66172000 - Financial transaction processing and clearing-house services

72224000 - Project management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£2,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,000,000 £1M-£10M

Notice Dates

Publication Date
19 Apr 20223 years ago
Submission Deadline
26 Oct 2021Expired
Future Notice Date
Not specified
Award Date
3 Apr 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Not specified
Contact Email
gary.carlton@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
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ENERGY SAVING TRUST ENTERPRISES

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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