Notice Information
Notice Title
Price Review 2024 Professional services - Prior Information Notice
Notice Description
Ofwat intends to publish an invitation to tender in September 2022 for professional services relating to economics, engineering and management consultant expertise to help us deliver our Price Review 2024 (PR24). The intention is to have the contract in place for Spring 2023, a core team established by April 2023 and full ramp-up in Autumn 2023 prior to business plan submission on 2 October 2023.
Lot Information
Lot 1
Procurement timeline Ofwat intends to publish an invitation to tender in September 2022 for professional services relating to economics, engineering and management consultant expertise to help us deliver our Price Review 2024 (PR24). The intention is to have the contract in place for Spring 2023, a core team established by April 2023 and full ramp-up in Autumn 2023 prior to business plan submission on 2 October 2023. What a Price Review is Ofwat is the economic regulator of the water and wastewater sector in England and Wales. One of the ways we regulate is to set the price, investment, and service package that customers receive. Monopoly water companies, working with their customers, will develop business plans to cover the period of the next price control (2025-2029). Our role is to: set the framework and methodology check and challenge the company's business plans, and determine the five-year price, service and incentive package for each company The problem that we intend to solve During the final determination stage of the price review, from September 2023 to December 2024, our outputs as a regulator will increase significantly. As part of our resourcing solution, we want to procure flexible resourcing options from the private sector to help with the peaks of activity. They will also provide additional skills in regulatory and corporate finance and tax, engineering, economics, financial modelling and regulatory policy advice. By way of an example of the issue we face, over the course of the 18-month contract from our last price review (PR19) our peak resource requirement from consultancy and engineering firms peaked at 31 staff members in one month but in others it was as low as 5 FTE. The options that we are considering for PR24 There are currently two options we are considering to meet this requirement. A consortium of companies with one acting as Lead Two or three separate contracts with companies to cover the main areas of expertise that we require: economics, engineering and management consultancy. Next steps We will hold a workshop via MS Teams on 20 July 2022 before proceeding with the procurement process. Please let us know if you are interested in attending the event by emailing pr24.pmo@ofwat.gov.uk. We welcome questions and comments in advance and there will be a full Q&A session during the workshop.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-034d3d
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/018070-2022
- Current Stage
- Planning
- All Stages
- Planning
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Not Specified
- Procurement Method Details
- Not specified
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
65 - Public utilities
-
- CPV Codes
65000000 - Public utilities
Notice Value(s)
- Tender Value
- £1,000,000 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 1 Jul 20223 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 29 Jul 2022Expired
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Planned
- Lots Status
- Planned
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- WATER SERVICES REGULATION AUTHORITY (OFWAT)
- Contact Name
- Not specified
- Contact Email
- pr24.pmo@ofwat.gov.uk
- Contact Phone
- +44 1216447534
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
- Not specified
-
- Local Authority
- Birmingham
- Electoral Ward
- Ladywood
- Westminster Constituency
- Birmingham Ladywood
Further Information
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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