Award

Provision of Regulatory Reporting Advice

WATER INDUSTRY COMMISSION FOR SCOTLAND

This public procurement record has 2 releases in its history.

Summary of the contracting process

The Water Industry Commission for Scotland is currently running a tender titled "Provision of Regulatory Reporting Advice" in the services category. The procurement process is in the active stage with the deadline for tender submission set for January 11, 2024. The location for this opportunity is in Stirling, United Kingdom. The buying organization, Water Industry Commission for Scotland, is seeking businesses to develop Business Plan guidance, templates, and definitions for data collection from Scottish Water. The procurement method is an open procedure, and interested businesses can find more details on the Public Contracts Scotland website.

This tender for the provision of regulatory reporting advice presents an opportunity for businesses specializing in services related to regulatory accounting, transfer pricing rules, engineering, and asset management. Companies with expertise in financial regulations, data analysis, and business planning are well-suited to compete for this contract. The Water Industry Commission for Scotland aims to enhance its regulatory reporting processes, allowing businesses to contribute to improving operational efficiency and financial transparency within the water industry sector. Interested parties should review the tender documentation and submit their proposals electronically before the specified deadline.

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Notice Title

Provision of Regulatory Reporting Advice

Notice Description

Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water

Lot Information

Engineering and asset management

Development of guidance, data templates and accompanying definitions in several areas, including, but not limited to: (i) levels of service performance; (ii) the current asset inventory, focusing on the distribution of assets in each asset category by age profile; (iii) asset replacement interventions, with reference to the asset inventory, using the age profile of the assets in each category as a proxy for targeting proposed replacement interventions; (iv) enhancement and growth investment, removing the element of investment that relates to the replacement of any existing assets and setting out the outputs to be delivered from each proposed project, when those outputs will be delivered and at what cost. The contractor will need to assist WICS with developing the definition for enhancement and growth investment, versus asset replacement investment, which would then feed into the definitions for the updated regulatory accounting rules; (v) current costs for standardised capital projects (previously known as the cost base), which was used to estimate the scope for procurement efficiency in previous regulatory control periods; and (vi) base assumptions such as growth.

Regulatory accounting and transfer pricing rules

1. Refresh of regulatory accounting rules covering the regulatory financial statements that Scottish Water prepares for WICS. The refresh is expected to cover areas such as (i) the allocation of expenditure between operating and capital expenditure; (ii) the definition of the different categories of capital expenditure, including optimised replacement, enhancement and growth; and (iii) recording all potential liabilities being stored up for future generations of customers, including any difference between the how much Scottish Water should be spending to replace assets each year on average (based on asset values and expected asset lives) and what it actually spends to replace assets in that year). 2. Review of the rules in place to underpin intra-company transactions or transactions with associate entities, including requirements for market testing and full cost recovery. 3. Develop guidance, data templates and accompanying definitions to show Scottish Water's current and forecast performance in the areas above, including operating and capital expenditure.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000752457
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB498431
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

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


CPV Codes

71310000 - Consultative engineering and construction services

79200000 - Accounting, auditing and fiscal services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£90,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Feb 20242 years ago
Submission Deadline
11 Jan 2024Expired
Future Notice Date
Not specified
Award Date
9 Feb 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Unsuccessful
Lots Status
Unsuccessful
Awards Status
Unsuccessful
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
WATER INDUSTRY COMMISSION FOR SCOTLAND
Contact Name
Not specified
Contact Email
enquiries@watercommission.co.uk
Contact Phone
+44 01786430200

Buyer Location

Locality
STIRLING
Postcode
FK8 1JH
Post Town
Falkirk and Stirling
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM02 Perth and Kinross, and Stirling
Delivery Location
TLM77 Perth and Kinross, and Stirling

Local Authority
Stirling
Electoral Ward
Stirling North
Westminster Constituency
Stirling and Strathallan

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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