Award

2022-074 Retail Specialist Support Contract Award

OFGEM

This public procurement record has 1 release in its history.

Award

11 Jan 2024 at 16:20

Summary of the contracting process

The procurement process for the contract titled "2022-074 Retail Specialist Support Contract Award" was completed by Ofgem, a public body governed by UK law. The contract falls under the services category, specifically financial consultancy services. The tender involved the provision of financial management and project support for Retail Markets, implemented through a limited procurement method without prior publication. The contract was awarded to Ernst & Young, a large-scale supplier based in London. The contract, valued at £8,000,000, was signed on 13th November 2023.

This tender presents opportunities for businesses with expertise in financial consultancy services, specifically in the areas of wholesale, regulatory finance, price controls, and business handover. Businesses with a track record in delivering quality services, managing projects effectively, and demonstrating social value would be well-suited to compete. The contracting authority, Ofgem, sought professional expertise to support its Retail Directorate, creating avenues for growth and partnership within the financial consultancy sector in the UK market.

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Notice Title

2022-074 Retail Specialist Support Contract Award

Notice Description

Provision of financial management and project support for the Authority in relation to Retail Markets.

Lot Information

Lot 1

To appoint a successful tenderer(s) to provide professional expertise and support to the Authority's Retail Directorate in the following areas: - Wholesale (levy claims) - Regulatory finance - Designing price controls, business handover expertise and expertise in designing regulatory incentives - Other technical support/Expertise as agreed

Procurement Information

Procurement was carried out via a Further Competition using an existing Crown Commercial Services Framework - RM61873 Management Consultancy Framework Lot 4 Finance.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042c7c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001010-2024
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66171000 - Financial consultancy services

72224000 - Project management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£8,000,000 £1M-£10M

Notice Dates

Publication Date
11 Jan 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Nov 20232 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
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

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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