Award

Support for development of an OFTO-build model for non-radial offshore transmission infrastructure

OFGEM

This public procurement record has 2 releases in its history.

Award

15 Dec 2023 at 17:01

Tender

26 Jul 2023 at 09:42

Summary of the contracting process

The buying organisation for this procurement process is Ofgem, a government regulator based in London, United Kingdom. The procurement involves the development of an OFTO-build model for non-radial offshore transmission infrastructure, categorised under analysis services. The main procurement category is services. The procurement method is an open procedure. The title of the tender is "Support for development of an OFTO-build model for non-radial offshore transmission infrastructure." The procurement stage is currently active, with a contract value of £450,000. The contract was signed on 2nd November 2023, and the tender period ends on 25th August 2023.

This tender opportunity by Ofgem offers businesses in the financial consultancy, technical consultancy, and general management consultancy sectors the chance to compete for a contract to provide advisory services related to offshore transmission infrastructure. Companies specialising in providing detailed analysis, financial expertise, and consultancy services tailored to infrastructure projects would be well-suited to compete. The tender also highlights potential growth opportunities for businesses interested in the energy sector and infrastructure development. Companies looking to expand their services within the UK market and demonstrate expertise in advising regulatory bodies would find this tender particularly relevant.

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Notice Title

Support for development of an OFTO-build model for non-radial offshore transmission infrastructure

Notice Description

Conduct an in-depth analysis on the roles and responsibilities of the respective parties and level of risk dependent on roles undertaken, including by assessing sub-categories of risk. Conduct an in-depth analysis on financing. In particular, how to obtain the best possible finance at the lowest cost to consumers; determining availability of construction finance; conduct an evaluation of the market and assess the market's appetite for new class of assets, by comparison to existing classes; and consider how consumers will benefit from any refinancing eg, how will any claw-back mechanism work for an OFTO Build. Act in an advisory capacity, providing advice to Ofgem on how best Ofgem could design a process which would incentivise timely delivery for OFTOs - taking into full consideration reward and risk. This includes providing advice on elements of the tender process such as: the optimum timing of competitive tender process, duration of the tender process and adjustments to the existing OFTO model to facilitate an OFTO Build, for Ofgem to then build and implement the process. Provide advice support on the treatment of the Tender Revenue Stream (TRS). In particular, looking at the adjustments required to the revenue structure to accommodate shared infrastructure. Provide advice on potential changes to Codes and Standards and other industry arrangements to facilitate an OFTO Build. These areas are among those which Ofgem have identified as significant and are carrying out further stakeholder engagement on these matters. The successful tenderer will be expected to view the material and feedback Ofgem have received to date, to ensure that it has full consideration of the area's it is expected to provide advice.

Lot Information

Lot 1

The Supplier will act in an advisory capacity to support the Authority development of an OFTO build model and in doing so, facilitate offshore coordination. With regards to specific outputs, the Supplier will: Conduct an in-depth analysis on the roles and responsibilities of the respective parties and level of risk dependent on roles undertaken, including by assessing sub-categories of risk. Conduct an in-depth analysis on financing. In particular, how to obtain the best possible finance at the lowest cost to consumers; determining availability of construction finance; conduct an evaluation of the market and assess the market's appetite for new class of assets, by comparison to existing classes; and consider how consumers will benefit from any refinancing eg, how will any claw-back mechanism work for an OFTO Build. Act in an advisory capacity, providing advice to the Authority on how best the Authority could design a process which would incentivise timely delivery for OFTOs - taking into full consideration reward and risk. This includes providing advice on elements of the tender process such as: the optimum timing of competitive tender process, duration of the tender process and adjustments to the existing OFTO model to facilitate an OFTO Build, for the Authority to then build and implement the process. Provide advice support on the treatment of the Tender Revenue Stream (TRS). In particular, looking at the adjustments required to the revenue structure to accommodate shared infrastructure. Provide advice on potential changes to Codes and Standards and other industry arrangements to facilitate an OFTO Build. These areas are among those which the Authority have identified as significant and are carrying out further stakeholder engagement on these matters. The Supplier will be expected to view the material and feedback the Authority have received to date, to ensure that it has full consideration of the area's it is expected to provide advice.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03ea5e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037027-2023
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

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


CPV Codes

66171000 - Financial consultancy services

71620000 - Analysis services

71621000 - Technical analysis or consultancy services

79411000 - General management consultancy services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£376,290 £100K-£500K

Notice Dates

Publication Date
15 Dec 20232 years ago
Submission Deadline
25 Aug 2023Expired
Future Notice Date
Not specified
Award Date
2 Nov 20232 years ago
Contract Period
8 Oct 2023 - 8 Apr 2024 6-12 months
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
allan.weir@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

CEPA

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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