Planning

Regulatory Finance

OFGEM

This public procurement record has 1 release in its history.

Planning

23 Feb 2023 at 08:58

Summary of the contracting process

The public procurement contracting process is in the planning stage, led by Ofgem in the United Kingdom. The procurement titled "Regulatory Finance" falls under the industry category of corporate finance and venture capital services. Ofgem aims to establish a strategic contract within the Regulatory Finance team covering various areas such as corporate tax expertise, financial modelling, and actuarial advice. Interested suppliers are invited to engage and provide input on structuring the contract, pricing mechanisms, and lotting structures. The deadline for completing the supplier questionnaire is Friday 17th March 2023, with further communications expected via My Tenders.

This tender opportunity by Ofgem presents avenues for businesses in financial and consultancy services, tax consultancy, and surveying sectors to compete. Suppliers offering expertise in corporate finance, financial modelling, and actuarial advice are well-suited to participate. The four-year contract, with potential for lotting, offers long-term opportunities for growth and partnerships with a public body governed by law, potentially shaping the financial regulatory landscape in the UK. With the procurement focusing on varied financial services, businesses with experience in diverse financial sectors are in a prime position to explore collaborations and contribute to the regulatory finance sector.

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Notice Title

Regulatory Finance

Notice Description

Ofgem are looking to set up a large strategic contract within the Regulatory Finance team, to cover all of their requirements. This may be separated into lots within a contract or could be split into individual contracts. At this time we are exploring the marketplace to get views on how this requirement should be structured including pricing mechanisms and lotting structures, if required, but this is subject to change based on our market engagement and the responses we receive. It is likely this contract will be in place for a period of four years (1+1+1+1).

Lot Information

Corporate Tax Expertise

Work under this area may include, but is not limited to, corporate tax expertise. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Chartered Surveying

Work under this area may include, but is not limited to, chartered surveying including land evaluation. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Financial Modelling

Work under this area may include, but is not limited to, model building and model review/auditing. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Financial Reporting of a Regulated Utility

Work under this area may include, but is not limited to, financial review and auditing of a regulated utility. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Corporate Finance

Work under this area may include, but is not limited to, corporate cost of capital, corporate debt financing, corporate equity, financeability, corporate financial resilience and credit risk, corporate project finance, corporate financial structures and academic advice. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Actuarial Advice

Work under this area may include, but is not limited to, actuarial advice including corporate pension schemes. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Investor Relations

Work under this area may include, but is not limited to, investor relations including conference call hosting. Additional information: Please note, for all potential lots/areas within this section, the scope/specification may be subject to change based on our market engagement.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03a7af
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005381-2023
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

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

66122000 - Corporate finance and venture capital services

66152000 - Financial market regulatory services

66171000 - Financial consultancy services

71353000 - Surface surveying services

71355000 - Surveying services

72242000 - Design-modelling services

79212100 - Financial auditing services

79221000 - Tax consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Feb 20233 years ago
Submission Deadline
Not specified
Future Notice Date
18 Apr 2023Expired
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

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Not specified
Contact Email
procurement2@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

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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