---
title: "Budget, Forecasting and Reporting Process Redesign Implementation"
ocid: "ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2023-02-17"
---

# Budget, Forecasting and Reporting Process Redesign Implementation

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136.json)

## Summary

OFGEM has completed the procurement process for the project titled "Budget, Forecasting and Reporting Process Redesign Implementation," focused on financial consultancy services. The contract, valued at £93,480 GBP, aimed to improve the monthly budgeting and reporting cycle to meet reporting deadlines and enhance performance. The procurement method used was an open procedure, with the tender period closing on 1st January 2023. The contract period is from 25th January 2023 to 24th August 2023, with the buying organisation located in London, United Kingdom.

This opportunity, awarded to Grant Thornton UK LLP, offers business growth prospects to firms specialising in financial consultancy services. Small and medium-sized enterprises (SMEs) seeking to enhance financial management and reporting processes are well-suited to compete. The project's focus on process improvement and meeting deadlines aligns with the capacity of businesses looking to provide tailored financial solutions within the services sector.

## Notice

This contract is for a process improvement plan which addresses immediate risks and issues in the monthly budgeting and reporting cycle, stabilises the budgeting and reporting process, in preparation for the next funding round, enables Ofgem to meet monthly reporting deadlines, and supports delivery of a high performing budgeting and reporting process which can integrate with or complement Ofgem's corporate flexible resourcing solution.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9eb67fd3-e442-4e5b-8d78-50d868f75d4d |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Feb 2023 |
| Submission deadline | 1 Jan 2023 |
| Future notice date | Not specified |
| Award date | 24 Jan 2023 |
| Contract period | 25 Jan 2023 - 24 Aug 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £93,480 |
| Lots value | Not specified |
| Awards value | £77,900 |
| 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 | OFGEM |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GRANT THORNTON |

## CPV Codes

### Divisions

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

### Codes

- 66171000 - Financial consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 17 Feb 2023 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9eb67fd3-e442-4e5b-8d78-50d868f75d4d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9eb67fd3-e442-4e5b-8d78-50d868f75d4d
  17th February 2023 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=FEB166011
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## Notice URLs

- http://www.ofgem.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0b04910a-c340-493f-ab91-7f52cf579136.json.