--- title: "Call Off Agreement for Financial Modelling Services" ocid: "ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d.json" source: "Contracts Finder" current_stage: "Award" buyer: "WATER SERVICES REGULATION AUTHORITY" published: "2017-06-05" --- # Call Off Agreement for Financial Modelling Services Buyer: WATER SERVICES REGULATION AUTHORITY Current stage: Award OCID: ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d.json) ## Summary The WATER SERVICES REGULATION AUTHORITY has successfully completed a tender process for a Call Off Agreement for Financial Modelling Services. The procurement, classified under business and management consultancy services, took place in the West Midlands and London. The tender period concluded on 4th May 2017, with the contract being awarded on 17th May 2017, and set to commence on 22nd May 2017, lasting until 31st March 2018. The estimated contract value is £75,000, and the process followed is categorised under 'Other' for procurement method. This contract presents a significant opportunity for consultancy firms specialising in financial modelling and management consultancy. Businesses that are agile and familiar with the FAST modelling standard will be particularly well-suited to compete. The requirement for up to 150 days of external assistance indicates a demand for skilled professionals capable of collaborating closely with the Authority's internal staff, thus providing networking potential and avenues for business growth within the public sector. ## Notice The primary purpose of this work is to continue the development of the rebuilt, simplified, financial model in a way that is compliant with the FAST modelling standard. We will publish versions of the financial model alongside our consultation on the draft PR19 methodology (July 2017) and the final methodology statement (December 2017.) Therefore, the work likely to arise under this call-off contract will be focused on making sure the financial model (and related models) reflects our latest policy decisions, and any consequential developments needed. Continuing to share drafts of the financial model, and consult alongside our methodology, will allow for Ofwat to respond to stakeholder feedback, and is key to maintaining the transparency and credibility of our modelling approach for PR19. This contract will also ensure that Ofwat is provided with the appropriate level of documentation and knowledge transfer to support use of the updated financial model and related models by both current and future staff. Scope of Call Off Services We are looking for a Contractor to work partnership with our internal modelling staff to development the financial model and other related models which will be used in Price Review 2019. As part of the requirement the Contractor will be required to support the knowledge transfer to internal staff of the development and industry best practice in this area. We anticipate that the Contract will start in May 2017 and will continue to support the development of the financial model up until 31 March 2018. We currently estimate that we may require up to 150 days of external support. Additional information: Please note that this is a call-off contract so it is difficult to quantify exact spend. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2e5bb110-4d9a-4844-96d5-cb764131f3ed | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Other - | | Tender suitability | SME | | Awardee scale | Large | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 5 Jun 2017 | | Submission deadline | 4 May 2017 | | Future notice date | Not specified | | Award date | 16 May 2017 | | Contract period | 21 May 2017 - 31 Mar 2018 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £75,000 | | 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 | 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), TLI London | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | F1F9 | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79410000 - Business and management consultancy services ## Release History - 5 Jun 2017 at 14:38 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/2e5bb110-4d9a-4844-96d5-cb764131f3ed ## Documents - https://www.contractsfinder.service.gov.uk/Notice/2e5bb110-4d9a-4844-96d5-cb764131f3ed 5th June 2017 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/ce8a67e8-ab24-475f-962b-2c1af6168e4c Contract ## 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-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2693adf8-b565-483e-9ff8-f233e109fa0d.json.