Notice Information
Notice Title
Benchmarking Services for OFTO Tender Rounds
Notice Description
The OFTO team requires a benchmarking advisor to provide support on OFTO transactions and ensure that the most competitive pricing of any financial instrument is achieved at financial close. The supplier will need to demonstrate that a clear and transparent process is followed in arriving at this pricing. The Supplier shall provide expert advice on the hedging process up to and at FC on projects that take place over the life of the contract. These projects are likely to fall within Tender Round 10 (TR10), Tender Round 11 (TR11), Tender Round 12 (TR12) and Tender Round 13 (TR13). Please note that there is an option to extend this work to Tender Round 14 (TR14), however, the scope of this tender round is not yet defined.
Lot Information
Lot 1
Renewal: The option to extend for up to 1 x 12 month periods until 10th September 2029
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0503b6
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/007656-2026
- Current Stage
- Award
- All Stages
- Planning, Tender, Award
Procurement Classification
- Notice Type
- UK7 - Contract Details Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- SME
- Awardee Scale
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
48 - Software package and information systems
66 - Financial and insurance services
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
48812000 - Financial information systems
66000000 - Financial and insurance services
79212000 - Auditing services
79212100 - Financial auditing services
79410000 - Business and management consultancy services
79412000 - Financial management consultancy services
Notice Value(s)
- Tender Value
- £242,350 £100K-£500K
- Lots Value
- £242,350 £100K-£500K
- Awards Value
- £240,000 £100K-£500K
- Contracts Value
- £302,500 £100K-£500K
Notice Dates
- Publication Date
- 28 Jan 20263 weeks ago
- Submission Deadline
- 8 Aug 2025Expired
- Future Notice Date
- 30 May 2025Expired
- Award Date
- 1 Oct 20254 months ago
- Contract Period
- 19 Jan 2026 - 18 Jan 2029 3-4 years
- Recurrence
- 2030-02-28
Notice Status
- Tender Status
- Complete
- Lots Status
- Complete
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- OFGEM
- Contact Name
- Alfie Ellis
- Contact Email
- procurement2@ofgem.gov.uk
- Contact Phone
- +44 2079013089
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
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/007656-2026
28th January 2026 - Contract details notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/062382-2025
6th October 2025 - Contract award notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/038707-2025
9th July 2025 - Tender notice on Find a Tender -
https://www.find-tender.service.gov.uk/Notice/015438-2025
16th April 2025 - Planned procurement notice on Find a Tender -
www.mytenders.co.uk
The tender documents will be available from the mytenders website when published. -
https://www.mytenders.co.uk/Authority/NoticeBuilder/NoticeBuilder_FileDownload.aspx?id=605729
2025-011 Benchmarking Services for OFTO Tender Rounds ITT Document
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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