Planning

2025-087 Financial Advisors to OFTO Team for Tender & Policy

OFGEM

This public procurement record has 1 release in its history.

Planning

05 Dec 2025 at 11:07

UK1 - Pipeline Notice
Summary of the contracting process

Ofgem, a public authority operating within the sub-central government sector in the United Kingdom, is planning a procurement process titled "2025-087 Financial Advisors to OFTO Team for Tender & Policy." This is aimed at acquiring financial consultancy services for their Offshore Transmission Owners (OFTO) team situated in London. The procurement process is currently in the planning stage and will follow an open procedure. The anticipated contract, with a gross value of £13.5 million, is scheduled to commence on the 1st of April 2026 and conclude by the 31st of March 2030. Key deadlines include a future notice date set for the 22nd of January 2026.

This tender offers significant growth opportunities for businesses involved in financial consultancy, auditing, management consultancy, and related services, particularly those specialising in onshore and offshore contexts. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly encouraged to consider participating, as the tender is deemed suitable for them. Companies with expertise in evaluating tender processes and providing specialist financial advice will be well-positioned to compete, given the requirement to strengthen Ofgem's evaluation methodologies and provide strategic insights into bid submissions for the upcoming rounds.

How relevant is this notice?

Notice Information

Notice Title

2025-087 Financial Advisors to OFTO Team for Tender & Policy

Notice Description

Ofgem is looking to procure the necessary financial advisers for the Offshore Transmission Owners (OFTO) team to continue its regulatory duties. Provision of these services will be crucial and without this, Ofgem will be unable to run effective tender processes for the upcoming tender rounds. The successful supplier will be required to provide specialist financial support to review Ofgem's tender process in evaluating bidders. This will include: Providing advice on the Information Memoranda, guidance documents, evaluation methodology documents, and any further documents as required. This may include helping to implement changes to the EPQ process and documentation if required. Undertaking comparative bid evaluation of the technical sections only at the EPQ Stage and the ITT Stage. The appointed financial advisor shall fulfil the role of Lead Evaluator and shall act as a single point of contact for these stages, by coordinating the technical and insurance advisors' evaluation work and bringing together their respective evaluation reports Assessing bid submissions against the existing scoring methodologies and evaluation criteria and providing an overview of the robustness and cost effectiveness of technical aspects of each bid submission

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05ef74
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/080053-2025
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

76 - Services related to the oil and gas industry

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

CPV Codes

66171000 - Financial consultancy services

76500000 - Onshore and offshore services

79212100 - Financial auditing services

79410000 - Business and management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£11,250,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Dec 20252 days ago
Submission Deadline
Not specified
Future Notice Date
22 Jan 20262 months to go
Award Date
Not specified
Contract Period
31 Mar 2026 - 31 Mar 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
OFGEM
Contact Name
Kay Meehan
Contact Email
procurement2@ofgem.gov.uk
Contact Phone
Not specified

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

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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