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DoF Collaborative Arrangement for the Provision of Risk Management Advisory Services (ID 4141813)

Department of Finance

This public procurement record has 2 releases in its history.

Award

13 Dec 2022 at 12:15

Award Notice
Tender

27 Sep 2022 at 15:56

Tender Notice
Summary of the contracting process

The Department of Finance has completed the tender process for the provision of Energy Market Risk Management Advisory Services. The contract, with a total value of £402,500 GBP, is intended to last for 3 years, starting on 1st August 2023, with the option to extend for up to two more years. The contract falls under the Energy and related services category and was conducted through an open procedure. Horizon Energy Group Limited has been awarded the contract.

This tender presents an opportunity for businesses in the Energy sector to provide Risk Management Advisory Services. The Department of Finance, as the buying organisation, has specified the need for high-quality services through a mix of qualitative and quantitative criteria. Businesses with expertise in energy management and consultancy services would be well-suited to compete for this contract. It is crucial for interested businesses to adhere to the procurement deadlines and requirements to be considered for this valuable opportunity for growth.

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Notice Information

Notice Title

DoF Collaborative Arrangement for the Provision of Risk Management Advisory Services (ID 4141813)

Notice Description

This contract is for the provision of Energy Market Risk Management Advisory Services for a term of 3 years with the option to extend by up to two years. The anticipated commencement date shall be 1st August 2023 and expire on 31st July 2026, unless extended by the optional extension.

Lot Information

Lot 1

This contract is for the provision of Energy Market Risk Management Advisory Services for a term of 3 years with the option to extend by up to two years. The anticipated commencement date shall be 1st August 2023 and expire on 31st July 2026, unless extended by the optional extension. Additional information: This contract is for the provision of Energy Market Risk Management Advisory Services for a term of 3 years with the option to extend by up to two years. The anticipated commencement date shall be 1st August 2023 and expire on 31st July 2026, unless extended by the optional extension.The participating Clients are set out in Table 1. Numbers in brackets indicate the estimated number of risk strategies for each Client at Contract commencement. The number of risk strategies per Client may vary as replacement energy supply contracts are awarded. Table 1: Participating Bodies NICS plus ALBs NDPBs Health Social Care TrustsDoF 2 Belfast HSCT 2PSNI 2 Northern HSCT 2Education Authority 2 South Eastern HSCT 2DfI 1 Southern HSCT 2NI Water 2 Western HSCT 2Translink 2 NI Fire and Rescue Service 2MOD 1 Business Services Organisation 2 NI Ambulance Service 2Note that multiple follower organisations follow DoF's, Belfast HSCT's and DfI's risk strategies. The date at which BSO, NIAS and NIFRS will follow BHSCT's risk strategies is yet to be agreed.

Options: 2 optional 1 year extension options

Renewal: Due for renewal August 2028

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-036be4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035207-2022
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

71 - Architectural, construction, engineering and inspection services

CPV Codes

71314000 - Energy and related services

71314200 - Energy-management services

71314300 - Energy-efficiency consultancy services

Notice Value(s)

Tender Value
£780,000 £500K-£1M
Lots Value
£780,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£402,500 £100K-£500K

Notice Dates

Publication Date
13 Dec 20223 years ago
Submission Deadline
2 Nov 2022Expired
Future Notice Date
Not specified
Award Date
13 Dec 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
The renewal of this contract will be required for August 2028

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department of Finance
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BELFAST
Postcode
BT3 9ED
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland
Local Authority
Belfast
Electoral Ward
Sydenham
Westminster Constituency
Belfast East

Supplier Information

Number of Suppliers
1
Supplier Name

HORIZON ENERGY GROUP LIMITED

Further Information

Open Contracting Data Standard (OCDS)

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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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