---
title: "Targeted Review on Investor Motives and Behaviours: Drivers and Implications"
ocid: "ocds-b5fd17-02d96f25-173a-4d41-81b5-e0de52d33b5e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-02d96f25-173a-4d41-81b5-e0de52d33b5e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-02d96f25-173a-4d41-81b5-e0de52d33b5e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-02d96f25-173a-4d41-81b5-e0de52d33b5e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2018-05-17"
---

# Targeted Review on Investor Motives and Behaviours: Drivers and Implications

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-02d96f25-173a-4d41-81b5-e0de52d33b5e

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## Summary

The WATER SERVICES REGULATION AUTHORITY is currently managing a procurement process titled "Targeted Review on Investor Motives and Behaviours: Drivers and Implications". This initiative falls under the category of business and management consultancy services and is located in the West Midlands, England. The procurement method employed is selective, being a call-off from a framework agreement. The tender was active until 20th February 2018, with contracts starting on 26th February 2018 and ending on 29th March 2018. The awarded contract was valued at £29,225.

This tender presents an opportunity for consultancy firms, particularly those with expertise in equity investment and regulated utilities, to grow their business by engaging in research that informs regulatory strategies within the water sector. Small and medium-sized enterprises (SMEs) are particularly encouraged to participate, as this work necessitates a nuanced understanding of investor behaviour and its implications for management practices and customer interests. Firms well-versed in economic regulation will find this procurement process particularly relevant to their capabilities.

## Notice

This targeted review will need to provide an overview of how equity investment in water (including wastewater) companies can contribute to the delivery of the proper carrying out of companies' functions, including how equity investment can align with the interests of customers. Our regulatory strategy and approach to economic regulation aligns interests of investors and management with customers. The purpose of this study is provide insight into equity investors and the role that they play and how this is linked to behaviour and actions of management and the implications for customers. Specifically we would like the following Key Questions answered: How can equity investment in the water sector contribute to the delivery of the functions of water and wastewater companies? In particular, how can equity best (1) drive the correct management behaviours; (2) ensure that businesses can withstand shocks; (3) contribute any other elements to the delivery of a resilient water business? What are the characteristics of equity that shape these key contributions? For example, how are the outcomes for the business affected by the size of the equity piece; the diversity of equity investors; different types of equity investors (nature of funds, focus of overall portfolio, etc.), and any other relevant characteristics? In practice, what factors (including capital/ownership structure) hinder or improve the functions of equity and the outcomes for customers? Recommendations for any amendment to these Questions should aim to enhance Ofwat's understanding of investment motivations and likely behaviours in the infrastructure space. Costings should be provided separately for additional queries, if appropriate. Scope of Work The scope of this work includes assessing academic and other literature on investors' motivations and behaviours with a particular focus on regulated utilities particularly water and wastewater companies. The scope also includes an analysis of the theory translates into practice and the real world challenges the theory confronts. The targeted review needs to consider and report on the specific questions set out in this ITT under section 3 - Objectives, relating to equity investor behaviours, motivations and how this impacts on companies' financial resilience and managements actions.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0eba0a0b-2c02-43b6-8cb3-49051f79e174 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 May 2018 |
| Submission deadline | 20 Feb 2018 |
| Future notice date | Not specified |
| Award date | 23 Feb 2018 |
| Contract period | 26 Feb 2018 - 31 Mar 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £29,225 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WATER SERVICES REGULATION AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EUROPE ECONOMICS |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 17 May 2018 at 14:15 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0eba0a0b-2c02-43b6-8cb3-49051f79e174
- 18 Apr 2018 at 15:37 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0eba0a0b-2c02-43b6-8cb3-49051f79e174

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0eba0a0b-2c02-43b6-8cb3-49051f79e174
  17th May 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c1829c02-709e-437e-b012-0e1fc7cf86c4
  Contract

## Provenance

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