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2025-087- Financial Advisors to OFTO team for Tender and Policy

Ofgem

This public procurement record has 4 releases in its history.

Award

17 Jul 2026 at 15:37

UK6 - Contract Award Notice
TenderUpdate

07 May 2026 at 15:40

UK4 - Tender Notice
Tender

01 Apr 2026 at 10:22

UK4 - Tender Notice
Planning

05 Dec 2025 at 11:07

UK1 - Pipeline Notice
Summary of the contracting process

Ofgem procured specialist financial advisory services for its Offshore Transmission Owners (OFTO) team in the United Kingdom. The work supports Ofgem’s regulatory duties and future OFTO tender rounds. The appointed adviser reviews and improves tender materials, including Information Memoranda, guidance, evaluation methodology documents and, if required, the Early Procurement Questionnaire process and documentation. The adviser also leads comparative evaluation of technical sections at the EPQ and Invitation to Tender stages, acting as the single point of contact for coordinating technical and insurance advisers and consolidating their reports. The service includes assessing bids against scoring methods and evaluation criteria, and reporting on the robustness and cost effectiveness of their technical aspects. This is financial consultancy and financial management consultancy, including offshore transmission-related advisory work.

The procurement has reached award stage: CEPA LLP was selected on 17 July 2026, following an open procedure with three valid bids. The award is pending completion of the standstill period, which ends on 28 July 2026; contract signature is scheduled for 29 July 2026. The contract period is 1 August 2026 to 31 July 2030. The awarded value is £7,916,666, or £9,500,000 gross. It was evaluated on technical quality at 65% and commercial price at 35%. The tender submission deadline was 15 May 2026 at 12:00, with enquiries accepted until 30 April 2026 at 12:00. The requirement was a single lot, suitable for SMEs and voluntary, community and social enterprises, with electronic submissions allowed in English.

This requirement suits financial advisory, financial management consultancy and technical evaluation specialists with experience of complex regulated infrastructure procurements. Credible suppliers would need to advise on tender strategy and documentation, develop or apply robust evaluation methodologies, and assess the technical and commercial strength of bidder submissions. The role requires the capability to act as lead evaluator and coordinate input from technical and insurance advisers, while producing clear, consolidated reports for a public-sector regulator. Appropriate financial standing and economic capacity are required, alongside legal eligibility and compliance with exclusion rules. Suppliers must maintain suitably skilled and experienced resources throughout delivery. Firms should also manage conflicts of interest carefully, particularly relationships with transmission owners, their supply chains or other market participants.

How relevant is this notice?

Notice Information

Notice Title

2025-087- Financial Advisors to OFTO team for Tender and Policy

Notice Description

Ofgem is looking to procure the necessary financial advisors 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/067924-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

76 - Services related to the oil and gas industry

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

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66171000 - Financial consultancy services

71310000 - Consultative engineering and construction services

71621000 - Technical analysis or consultancy services

76500000 - Onshore and offshore services

79212000 - Auditing services

79212100 - Financial auditing services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£7,916,666 £1M-£10M
Lots Value
£7,916,666 £1M-£10M
Awards Value
£7,916,666 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jul 20262 months ago
Submission Deadline
15 May 2026Expired
Future Notice Date
22 Jan 2026Expired
Award Date
17 Jul 20262 months ago
Contract Period
1 Aug 2026 - 31 Jul 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Ofgem
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Postcode Area
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 LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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