---
title: "Evaluation of RIIO-1 and RIIO-2 Innovation Funds"
ocid: "ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2022-02-09"
---

# Evaluation of RIIO-1 and RIIO-2 Innovation Funds

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0

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## Summary

The procurement process titled "Evaluation of RIIO-1 and RIIO-2 Innovation Funds" was conducted by Ofgem, located in London, United Kingdom. This project, awarded to Jacobs UK Limited for £48,500, focused on evaluating various innovation funds and their effectiveness. The contract period commenced on 4th January 2022 and concluded on 1st April 2022. The procurement method was an open procedure, and the industry category falls under financial consultancy services.

This tender presents an opportunity for businesses specialising in consultancy, particularly those with expertise in financial analysis, energy management, and project management services. Small and Medium-sized Enterprises (SMEs) would be well-suited to compete, leveraging their agility and specialised knowledge to meet the evaluation needs specified by Ofgem. Engaging in similar future tenders can help these businesses expand their client base and enhance their service offerings in the energy sector.

## Notice

The Office for Research and Economics is conducting an evaluation of the RIIO-1 and RIIO-2 Innovation Funds. This requires a detailed look at how the Network Innovation Competition (NIC), the Network Innovation Allowance (NIA) and the Strategic Innovation Fund (SIF) have been working and whether they can be approved. Support is required to review innovation projects and assess the technical feasibilities addressing issues identified in supporting the analysis of benefits assessments and unpack assumptions made.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/bb7fcb50-e250-47b4-b7da-e408ecefe743 |
| 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 | 9 Feb 2022 |
| Submission deadline | 1 Jan 2022 |
| Future notice date | Not specified |
| Award date | 29 Dec 2021 |
| Contract period | 4 Jan 2022 - 1 Apr 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £48,500 |
| Lots value | Not specified |
| Awards value | £48,500 |
| 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 | JACOBS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 71 - Architectural, construction, engineering and inspection services
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 66171000 - Financial consultancy services
- 71314000 - Energy and related services
- 71314200 - Energy-management services
- 72224000 - Project management consultancy services

## Release History

- 9 Feb 2022 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/bb7fcb50-e250-47b4-b7da-e408ecefe743

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/bb7fcb50-e250-47b4-b7da-e408ecefe743
  9th February 2022 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=FEB163719
  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-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-37e48bcf-4c55-4b0d-b2e8-de9cb8229ec0.json.