---
title: "Management and Allocation of Voluntary Redress Payments"
ocid: "ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2022-04-19"
---

# Management and Allocation of Voluntary Redress Payments

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f.json)

## Summary

Ofgem, based in London, has completed a procurement process for the "Management and Allocation of Voluntary Redress Payments." This tender, classified under financial management consultancy services, aimed to secure a service provider for efficient management of voluntary redress funds. The open procurement method facilitated this process, which originally closed on 26th October 2021. The contract period spans from 4th April 2022 to 3rd April 2026, with a total contract value of £2,000,000.

This opportunity could significantly benefit small and medium-sized enterprises (SMEs) looking to expand their services in financial management. The successful supplier, Energy Saving Trust Enterprises Ltd, has established their capability in this field. Businesses with expertise in financial consultancy, particularly those that can manage large sums efficiently and allocate grants to various recipients, would be well-positioned to compete in similar future tenders.

## Notice

This award is for an expert Service Provider to provide efficient financial management of voluntary redress monies, including receiving the funds, ring-fencing them, and awarding grants to suitable recipients.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5ebb6741-7e77-4478-9b45-693a75b7531d |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Apr 2022 |
| Submission deadline | 26 Oct 2021 |
| Future notice date | Not specified |
| Award date | 3 Apr 2022 |
| Contract period | 3 Apr 2022 - 3 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,000,000 |
| Lots value | Not specified |
| Awards value | £2,000,000 |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ENERGY SAVING TRUST ENTERPRISES |

## CPV Codes

### Divisions

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

### Codes

- 79412000 - Financial management consultancy services

## Release History

- 19 Apr 2022 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5ebb6741-7e77-4478-9b45-693a75b7531d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5ebb6741-7e77-4478-9b45-693a75b7531d
  19th April 2022 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=APR164213
  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-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-122898dc-0a4a-4545-abf8-ab4e88fd0a3f.json.