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 has completed the procurement process for the provision of Regulatory Reporting Advice. This tender involved the development of Business Plan guidance, templates, and data collection definitions for Scottish Water. The procurement method used was an open procedure for services within the economic regulation industry category. The buying organization, based in Stirling, Scotland, issued the tender with key dates set, culminating in the contract award. The awarded contracts with a total value of £40,000 were signed on 27th June 2024.

This tender presents opportunities for businesses in the services sector, especially those experienced in regulatory reporting and data management for water utilities. Companies with expertise in engineering, asset management, and financial consultancy would be well-suited to compete. The tender catered to a hybrid working model, offering growth prospects for businesses capable of providing remote and face-to-face services. Overall, this procurement process aimed to enhance regulatory compliance and financial reporting efficiency for Scottish Water under the oversight of the Water Industry Commission for Scotland.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

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, covering customer service, water quality compliance and environmental compliance; (ii) business influences and base assumptions such as forecasts for inflation, growth in billed properties and customer volumes and interest costs; (iii) operating expenditure; (iv) the current asset inventory, focusing on the distribution of assets in each asset category by age profile; (v) asset replacement interventions, with reference to the asset inventory, providing an approach for measuring asset health consistently across the full asset base (e.g. using the age profile of the assets in each category as a proxy) to measure the impact of proposed replacement interventions using the age profile of the assets in each category as a proxy for targeting proposed replacement interventions; and (vi) 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.

Regulatory accounting and transfer pricing rules

1. Test WICS and Scottish Water's thinking on key areas including on the definition of core and non-core activities, reflecting lessons from other regulated sectors and regulatory best practice. 2. Codify this thinking in refreshed regulatory accounting rules covering the regulatory financial statements that Scottish Water prepares for WICS (previous regulatory accounting rules can be found through the links in the table above). The refresh is expected to cover areas such as: - the definition of core and non-core activities; - the policies that determine whether items of expenditure are treated as operating or capital expenditure (i.e. capitalisation policies); - the definition of the different categories of capital expenditure, including asset replacement, enhancement and growth; and - 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. 3. 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. 4. Updates to the Excel data templates for the regulatory accounts that Scottish Water reports to WICS each year.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000760448
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL508702
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
Large

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
£79,167 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£40,000 Under £100K

Notice Dates

Publication Date
1 Jul 20241 years ago
Submission Deadline
29 Apr 2024Expired
Future Notice Date
Not specified
Award Date
27 Jun 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

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 1QZ
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

Supplier Information

Number of Suppliers
1
Supplier Name

WATER RESEARCH CENTRE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-r6ebe6-0000760448-2024-07-01T00:00:00Z",
    "date": "2024-07-01T00:00:00Z",
    "ocid": "ocds-r6ebe6-0000760448",
    "initiationType": "tender",
    "parties": [
        {
            "id": "org-56",
            "name": "Water Industry Commission for Scotland",
            "identifier": {
                "legalName": "Water Industry Commission for Scotland"
            },
            "address": {
                "streetAddress": "Moray House, Forthside Way",
                "locality": "Stirling",
                "region": "UKM72",
                "postalCode": "FK8 1QZ"
            },
            "contactPoint": {
                "email": "enquiries@watercommission.co.uk",
                "telephone": "+44 01786430200",
                "url": "http://www.publiccontractsscotland.gov.uk"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "Economic regulation",
                        "scheme": "COFOG"
                    }
                ],
                "url": "http://www.watercommission.co.uk"
            }
        },
        {
            "id": "org-57",
            "name": "Stirling Sheriff Court and Justice of the Peace Court",
            "identifier": {
                "legalName": "Stirling Sheriff Court and Justice of the Peace Court"
            },
            "address": {
                "locality": "Stirling"
            },
            "contactPoint": {
                "url": "http://"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "org-516",
            "name": "Water Industry Commission for Scotland",
            "identifier": {
                "legalName": "Water Industry Commission for Scotland"
            },
            "address": {
                "streetAddress": "Moray House, Forthside Way",
                "locality": "Stirling",
                "region": "UKM72",
                "postalCode": "FK8 1QZ"
            },
            "contactPoint": {
                "email": "enquiries@watercommission.co.uk",
                "telephone": "+44 01786430200",
                "url": "http://"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "Economic regulation",
                        "scheme": "COFOG"
                    }
                ],
                "url": "http://www.watercommission.co.uk"
            }
        },
        {
            "id": "org-517",
            "name": "Water Research Centre Limited",
            "identifier": {
                "legalName": "Water Research Centre Limited"
            },
            "address": {
                "streetAddress": "Frankland Road, Blagrove",
                "locality": "Swindon",
                "region": "UKK15",
                "postalCode": "SN5 8YF"
            },
            "contactPoint": {
                "telephone": "+44 1793865000"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large",
                "url": "http://"
            }
        },
        {
            "id": "org-284",
            "name": "Stirling Sheriff Court and Justice of the Peace Court",
            "identifier": {
                "legalName": "Stirling Sheriff Court and Justice of the Peace Court"
            },
            "address": {
                "locality": "Stirling"
            },
            "contactPoint": {
                "url": "http://"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "name": "Water Industry Commission for Scotland",
        "id": "org-516"
    },
    "tender": {
        "id": "ocds-r6ebe6-0000760448",
        "title": "Provision of Regulatory Reporting Advice",
        "description": "Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water",
        "status": "complete",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "id": "71310000",
                        "scheme": "CPV"
                    }
                ],
                "deliveryLocation": {
                    "description": "Likely to be a hybrid of remote working and face to face"
                },
                "deliveryAddresses": [
                    {
                        "region": "UKM77"
                    },
                    {
                        "region": "UKM77"
                    }
                ],
                "relatedLot": "1"
            },
            {
                "id": "2",
                "additionalClassifications": [
                    {
                        "id": "79200000",
                        "scheme": "CPV"
                    }
                ],
                "deliveryLocation": {
                    "description": "Likely to be a mix of remote working and face to face"
                },
                "deliveryAddresses": [
                    {
                        "region": "UKM77"
                    },
                    {
                        "region": "UKM77"
                    }
                ],
                "relatedLot": "2"
            }
        ],
        "value": {
            "amount": 79167,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "mainProcurementCategory": "services",
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "http://www.publiccontractsscotland.gov.uk",
        "tenderPeriod": {
            "endDate": "2024-04-29T17:00:00Z"
        },
        "awardPeriod": {
            "startDate": "2024-04-29T17:00:00Z"
        },
        "documents": [
            {
                "id": "MAR501648",
                "documentType": "contractNotice",
                "title": "Provision of Regulatory Reporting Advice",
                "description": "Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water",
                "url": "https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR501648",
                "format": "text/html"
            },
            {
                "id": "MAR501648-1",
                "title": "ITT Regulatory Reporting",
                "url": "https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAR501648&idx=1",
                "datePublished": "2024-03-25T11:23:16Z",
                "dateModified": "2024-03-25T11:23:16Z",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            },
            {
                "id": "MAR501648-2",
                "title": "WICS' standard terms and conditions",
                "url": "https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=MAR501648&idx=2",
                "datePublished": "2024-03-25T11:23:16Z",
                "dateModified": "2024-03-25T11:23:16Z",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            },
            {
                "id": "JUL508702",
                "documentType": "awardNotice",
                "title": "Provision of Regulatory Reporting Advice",
                "description": "Development of Business Plan guidance, templates and definitions for collection of data from Scottish Water",
                "url": "https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL508702",
                "format": "text/html"
            }
        ],
        "lots": [
            {
                "id": "1",
                "title": "Engineering and asset management",
                "description": "Development of guidance, data templates and accompanying definitions in several areas, including, but not limited to: (i) levels of service performance, covering customer service, water quality compliance and environmental compliance; (ii) business influences and base assumptions such as forecasts for inflation, growth in billed properties and customer volumes and interest costs; (iii) operating expenditure; (iv) the current asset inventory, focusing on the distribution of assets in each asset category by age profile; (v) asset replacement interventions, with reference to the asset inventory, providing an approach for measuring asset health consistently across the full asset base (e.g. using the age profile of the assets in each category as a proxy) to measure the impact of proposed replacement interventions using the age profile of the assets in each category as a proxy for targeting proposed replacement interventions; and (vi) 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.",
                "status": "complete",
                "hasOptions": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "contractPeriod": {
                    "durationInDays": 90
                },
                "hasRenewal": false
            },
            {
                "id": "2",
                "title": "Regulatory accounting and transfer pricing rules",
                "description": "1. Test WICS and Scottish Water's thinking on key areas including on the definition of core and non-core activities, reflecting lessons from other regulated sectors and regulatory best practice. 2. Codify this thinking in refreshed regulatory accounting rules covering the regulatory financial statements that Scottish Water prepares for WICS (previous regulatory accounting rules can be found through the links in the table above). The refresh is expected to cover areas such as: - the definition of core and non-core activities; - the policies that determine whether items of expenditure are treated as operating or capital expenditure (i.e. capitalisation policies); - the definition of the different categories of capital expenditure, including asset replacement, enhancement and growth; and - 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. 3. 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. 4. Updates to the Excel data templates for the regulatory accounts that Scottish Water reports to WICS each year.",
                "status": "complete",
                "hasOptions": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "contractPeriod": {
                    "durationInDays": 90
                },
                "hasRenewal": false
            }
        ],
        "lotDetails": {
            "maximumLotsBidPerSupplier": 2147483647
        },
        "bidOpening": {
            "date": "2024-04-29T17:00:00Z"
        },
        "coveredBy": [
            "GPA"
        ],
        "otherRequirements": {
            "requiresStaffNamesAndQualifications": true
        },
        "submissionTerms": {
            "languages": [
                "en"
            ]
        },
        "classification": {
            "id": "79400000",
            "scheme": "CPV"
        },
        "hasRecurrence": false
    },
    "language": "EN",
    "description": "(SC Ref:771015)",
    "links": [
        {
            "rel": "canonical",
            "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000760448"
        },
        {
            "rel": "canonical",
            "href": "https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000760448"
        }
    ],
    "noticetype": "PCS Notice - Website Contract Award Notice",
    "awards": [
        {
            "id": "ocds-r6ebe6-0000760448-1",
            "title": "Regulatory accounting and transfer pricing rules",
            "suppliers": [
                {
                    "id": "org-517",
                    "name": "Water Research Centre Limited"
                }
            ],
            "relatedLots": [
                "2"
            ]
        },
        {
            "id": "ocds-r6ebe6-0000760448-2",
            "title": "Engineering and asset management",
            "suppliers": [
                {
                    "id": "org-517",
                    "name": "Water Research Centre Limited"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "ocds-r6ebe6-0000760448-1",
            "awardID": "ocds-r6ebe6-0000760448-1",
            "title": "Regulatory accounting and transfer pricing rules",
            "status": "active",
            "value": {
                "amount": 40000,
                "currency": "GBP"
            },
            "dateSigned": "2024-06-27T00:00:00Z"
        },
        {
            "id": "ocds-r6ebe6-0000760448-2",
            "awardID": "ocds-r6ebe6-0000760448-2",
            "title": "Engineering and asset management",
            "status": "active",
            "value": {
                "amount": 40000,
                "currency": "GBP"
            },
            "dateSigned": "2024-06-27T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1924",
                "measure": "bids",
                "value": 3,
                "relatedLot": "2"
            },
            {
                "id": "1925",
                "measure": "smeBids",
                "value": 1,
                "relatedLot": "2"
            },
            {
                "id": "1926",
                "measure": "foreignBidsFromEU",
                "value": 0,
                "relatedLot": "2"
            },
            {
                "id": "1927",
                "measure": "foreignBidsFromNonEU",
                "value": 3,
                "relatedLot": "2"
            },
            {
                "id": "1928",
                "measure": "electronicBids",
                "value": 3,
                "relatedLot": "2"
            },
            {
                "id": "1929",
                "measure": "bids",
                "value": 4,
                "relatedLot": "1"
            },
            {
                "id": "1930",
                "measure": "smeBids",
                "value": 2,
                "relatedLot": "1"
            },
            {
                "id": "1931",
                "measure": "foreignBidsFromEU",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "1932",
                "measure": "foreignBidsFromNonEU",
                "value": 4,
                "relatedLot": "1"
            },
            {
                "id": "1933",
                "measure": "electronicBids",
                "value": 4,
                "relatedLot": "1"
            }
        ]
    }
}