T148 - Risk Management Advisory Services

{
    "tag": [
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    "id": "ocds-h6vhtk-067832-2026-07-02T15:33:00+01:00",
    "date": "2026-07-02T15:33:00+01:00",
    "ocid": "ocds-h6vhtk-067832",
    "initiationType": "tender",
    "parties": [
        {
            "id": "GB-COH-NI054463",
            "name": "Northern Ireland Water Limited",
            "identifier": {
                "scheme": "GB-COH",
                "id": "NI054463"
            },
            "address": {
                "streetAddress": "40 Old Westland Road",
                "locality": "Belfast",
                "postalCode": "BT14 6TE",
                "country": "GB",
                "countryName": "United Kingdom",
                "region": "UKN06"
            },
            "contactPoint": {
                "email": "sourcing@niwater.com"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "publicAuthoritySubCentralGovernment",
                        "scheme": "UK_CA_TYPE",
                        "description": "Public authority - sub-central government"
                    },
                    {
                        "id": "GB-NIR",
                        "scheme": "UK_CA_DEVOLVED_REGULATIONS",
                        "description": "Northern Irish devolved regulations apply"
                    }
                ]
            }
        }
    ],
    "buyer": {
        "id": "GB-COH-NI054463",
        "name": "Northern Ireland Water Limited"
    },
    "planning": {
        "milestones": [
            {
                "id": "engagement",
                "type": "engagement",
                "description": "NI Water is preparing to go out to market to appoint an external support for Hedging Advisory Services. Prior to publishing the tender, we would like to invite interested parties to meet with us during the first week of May 2026. The purpose of these meetings is to outline the upcoming tender process and gather valuable market insights that may help shape the final requirements. If you are interested in meeting with NI Water, please contact us at: sourcing@niwater.com - FAO Neil Elliott",
                "dueDate": "2026-05-08T23:59:59+01:00",
                "status": "scheduled"
            }
        ],
        "documents": [
            {
                "id": "029273-2026",
                "documentType": "marketEngagementNotice",
                "noticeType": "UK2",
                "description": "Preliminary market engagement notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/029273-2026",
                "datePublished": "2026-03-30T16:15:21+01:00",
                "format": "text/html"
            }
        ]
    },
    "tender": {
        "id": "T148",
        "legalBasis": {
            "id": "2023/54",
            "scheme": "UKPGA",
            "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
        },
        "title": "T148 - Risk Management Advisory Services",
        "description": "The provision of Risk Management Advisory Services including the ongoing development of the Client's energy risk management policy and strategy, and provision of advisory services in respect of energy price hedging through the use of commodity financial derivatives and indices.",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "scheme": "CPV",
                        "id": "66000000",
                        "description": "Financial and insurance services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "71314000",
                        "description": "Energy and related services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "71314200",
                        "description": "Energy-management services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "71314300",
                        "description": "Energy-efficiency consultancy services"
                    },
                    {
                        "scheme": "CPV",
                        "id": "66600000",
                        "description": "Treasury services"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "mainProcurementCategory": "services",
        "specialRegime": [
            "utilities"
        ],
        "aboveThreshold": true,
        "lots": [
            {
                "id": "1",
                "contractPeriod": {
                    "startDate": "2026-10-01T00:00:00+01:00",
                    "endDate": "2028-09-30T23:59:59+01:00",
                    "maxExtentDate": "2033-09-30T23:59:59+01:00"
                },
                "status": "active",
                "value": {
                    "amountGross": 1140000,
                    "amount": 950000,
                    "currency": "GBP"
                },
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "quality",
                            "name": "Quality",
                            "numbers": [
                                {
                                    "number": 60,
                                    "weight": "percentageExact"
                                }
                            ]
                        },
                        {
                            "type": "price",
                            "name": "Price",
                            "numbers": [
                                {
                                    "number": 40,
                                    "weight": "percentageExact"
                                }
                            ]
                        }
                    ]
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "An extension of 12 Months, up to 5 times."
                },
                "hasOptions": true,
                "options": {
                    "description": "The Client reserves the right to purchase the following additional Services under this Contract during the Contract Period, the cumulative effect of these additional Services will not increase the Contract's value to more than two times the value advertised in the contract notice. * Other risk management services related to the Clients business * Other energy related services"
                }
            }
        ],
        "status": "active",
        "value": {
            "amountGross": 1140000,
            "amount": 950000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Competitive flexible procedure",
        "procedure": {
            "features": "The Competitive Flexible Procedure is described in the T148 tender documents which are available on eTendersNI."
        },
        "submissionMethodDetails": "www.etendersni.gov.uk",
        "submissionTerms": {
            "electronicSubmissionPolicy": "allowed",
            "languages": [
                "en"
            ]
        },
        "expressionOfInterestDeadline": "2026-07-31T12:00:00+01:00",
        "enquiryPeriod": {
            "endDate": "2026-07-24T12:00:00+01:00"
        },
        "awardPeriod": {
            "endDate": "2026-09-04T23:59:59+01:00"
        },
        "documents": [
            {
                "id": "conflictOfInterest",
                "documentType": "conflictOfInterest",
                "description": "Not published"
            },
            {
                "id": "062399-2026",
                "documentType": "tenderNotice",
                "noticeType": "UK4",
                "description": "Tender notice on Find a Tender",
                "url": "https://www.find-tender.service.gov.uk/Notice/062399-2026",
                "datePublished": "2026-07-02T15:33:00+01:00",
                "format": "text/html"
            }
        ],
        "hasRecurrence": true,
        "recurrence": {
            "dates": [
                {
                    "startDate": "2033-05-02T23:59:59+01:00"
                }
            ]
        }
    },
    "language": "en"
}