---
title: "Interim Support with Analysis on Financial Risks"
ocid: "ocds-b5fd17-2a2da394-4e9b-48ea-b9d5-679a936b0d46"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2a2da394-4e9b-48ea-b9d5-679a936b0d46"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2a2da394-4e9b-48ea-b9d5-679a936b0d46.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2a2da394-4e9b-48ea-b9d5-679a936b0d46.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2018-05-24"
---

# Interim Support with Analysis on Financial Risks

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-2a2da394-4e9b-48ea-b9d5-679a936b0d46

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## Summary

The procurement process, initiated by the Water Services Regulation Authority (Ofwat), is for the tender titled "Interim Support with Analysis on Financial Risks," which falls under the category of business and management consultancy services. This opportunity is primarily based in the West Midlands and London, UK, and is currently in the award stage, with the contract period running from 30th November 2017 to 28th February 2018. The procurement method employed is selective, specifically a call-off from a framework agreement, and the tender period ended on 7th November 2017.

This contract provides a valuable opportunity for businesses specialising in regulatory accounting, financial analysis, and corporate finance to contribute their expertise in assessing and mitigating financial risks within the water sector. Smaller enterprises that offer consultancy services in finance and audit are particularly well-suited to compete for this contract. Engaging with this tender could allow firms to broaden their portfolio, enhance their industry presence, and foster relationships with key stakeholders in the regulatory community.

## Notice

Ofwat has a temporary opportunity for one or two experienced regulatory accountants, financial analysts, audit and assurance or corporate finance specialists to assist us with scutinising company financial information to identify key financial risks, fully research and assess the scale of the issues and propose next steps. Due to the proactive nature of the finance and governance programme and the changing environment the sector is operating in, it is not possible to provide a full description of the key responsibilities required. But to provide context we have included details of some possible work packages required. * Financial flows - work to identify and understand financial flows between the regulated company and it's owners/investors. Initially based on statutory accounts, this could also require correspondence or queries with companies, as well as face to face meetings. * Non-appointed income - work to identify and compare companies' reporting of non-appointed income to identify outliers and review against our regulatory reporting guidance. * Leases - work to consider the potential impact of future changes to reporting of leases (IFRS16). Looking to identify the impact on companies. Potential outputs The successful candidates will take responsibility for delivery of specified work packages relating to financial risks. This will involve detailed analysis and review of companies' financial information from a variety of sources. Gathering further information through correspondence and meeting with companies. * Prepare analysis of findings for programme board papers with recommendations and next steps. * Where future information capture is considered appropriate, working with colleagues to draft data requirements for inclusion into our Regulatory Accounting Guidelines (RAGs). The successful candidates will be required to work collaboratively with the internal Ofwat programme team and other colleagues across the organisation. This will include discussing the results, highlighting issues and suggesting potential areas for further work.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ea39a6f0-e5cc-43f1-89d6-e7daa63e6d57 |
| 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 | 24 May 2018 |
| Submission deadline | 7 Nov 2017 |
| Future notice date | Not specified |
| Award date | 28 Nov 2017 |
| Contract period | 30 Nov 2017 - 28 Feb 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £144,000 |
| 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 | DELOITTE |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 24 May 2018 at 08:12 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ea39a6f0-e5cc-43f1-89d6-e7daa63e6d57
- 12 Apr 2018 at 10:26 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ea39a6f0-e5cc-43f1-89d6-e7daa63e6d57

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ea39a6f0-e5cc-43f1-89d6-e7daa63e6d57
  24th May 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/02c53eb4-8d0f-44bc-af00-cfd4076c36a5
  Contract

## Provenance

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