Tender

2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy

OFGEM

This public procurement record has 1 release in its history.

Tender

23 Apr 2026 at 13:42

Summary of the contracting process

Ofgem, a public authority under the sub-central government classification, is initiating a procurement process titled "2025-122 - Cost Assessment Advisors to OFTO team for Tender and Policy." This process seeks financial consultancy services to support the Offshore Transmission Owners team in London, United Kingdom. The tender is currently active, with the process categorised under the services industry. The procurement follows an open procedure method, ensuring transparency and broad competition. Key dates include the tender submission deadline on 21st May 2026 and the anticipated contract award by 29th June 2026. The contract period starts on 1st August 2026, running until 31st July 2030, allowing ample development time.

This tender represents a substantial opportunity for businesses specialising in financial consultancy, onshore and offshore services, financial auditing, and management consultancy. Suitability for small and medium-sized enterprises is recognized, suggesting favourable conditions for diverse business involvement. Enterprises possessing the technical expertise required for evaluating bidder submissions and conducting financial assessments will find this opportunity aligns well with their capabilities. With a contract value reaching £2,000,000, successful bidders can tap into significant growth potential by contributing valuable insights and ensuring consumers receive value for money. Suppliers must demonstrate robust economic capacity and impeccable technical competence, with eligibility assessed through the Procurement Specific Questionnaire. This tender offers engagement avenues for businesses to enhance their service portfolio against a backdrop of a strategic regulatory framework.

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How relevant is this notice?

Notice Title

2025-122- Cost Assessment Advisors to OFTO team for Tender and Policy

Notice Description

Ofgem is looking to procure the necessary Cost Assessment 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. Ofgem are required to run a tender exercise for all offshore transmission projects that qualify under the Tender Regulations 2015. Provision of Cost Assessment consultancy support services will be crucial to ensure that a robust tender process takes place for upcoming tender rounds and without this, Ofgem will be unable to run an effective tender process. To facilitate a robust tender evaluation process, Ofgem requires the services of a supplier on various aspects of the tender and transaction process - evaluation of bidder submissions, and financial assessment required to bring the project to close/appoint an OFTO. Ofgem are required to undertake a cost assessment review of the OFTO assets for those projects that will be the subject of the tender process. This review is fundamental in determining the cost of building the transmission assets to ensure that those costs stated by the developer fairly reflect what will be transferred and that consumers are receive value for money. With this being the case, data submitted by the project developer must be carefully evaluated to ensure that assets are being transferred in the most economic and efficient manner possible. Further details can be found in the ITT documents.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0689c7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/037148-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£1,666,000 £1M-£10M
Lots Value
£1,666,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Apr 2026Yesterday
Submission Deadline
21 May 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2026 - 31 Jul 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

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
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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