---
title: "Gas Flexible Purchase"
ocid: "ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CITY OF LONDON CORPORATION"
published: "2018-10-17"
---

# Gas Flexible Purchase

Buyer: CITY OF LONDON CORPORATION  
Current stage: Award  
OCID: ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920.json)

## Summary

The City of London Corporation is seeking suppliers for its "Gas Flexible Purchase" contract, which falls under the petroleum products and energy sector. This procurement is currently in the Award stage, with a total contract value of £4,598,961 and a contract duration spanning from 1st October 2018 to 30th September 2021. The tender process utilised an open procedure, and it is important to note that the procurement period ended on 16th July 2018. The primary delivery location is London, United Kingdom.

This tender presents significant opportunities for businesses involved in the energy sector, particularly those specialising in gas supply and management services. Companies that offer flexible gas purchasing options, risk management solutions, or expertise in energy trading would find this contract to be particularly relevant. With a focus on trading via over-the-counter pricing and fixed contract terms, the tender may attract large and medium-sized enterprises capable of fulfilling the specified requirements.

## Notice

The Authority require a contract to include all gas meters, for a 3 year period commencing on the 1.10.2018.The contract is to be based on a 28 day BACs payment terms with no requirement for credit mitigation. The settlement of the contract is to be based on a minimum +/-20 % annual volume tolerance with a 3 year fixed shape/swing premium. The management fee should also be fixed for the contract duration. A flexible contract is required to allow the Authority to purchase the commodity costs via OTC (over the counter) pricing through traders at Mitie Energy's Risk Management Team. Options around ability to fix/unfix, purchase at day ahead indices, and reforecast volumes will be required. Additional information: Total contract values given are for the full contract period, and are based upon estimated costs and volume at the time of contract award, which may be subject to change during the life of the contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0393025b-b675-40f0-a099-4f704959b6e6 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Oct 2018 |
| Submission deadline | 16 Jul 2018 |
| Future notice date | Not specified |
| Award date | 8 Aug 2018 |
| Contract period | 30 Sep 2018 - 30 Sep 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £4,598,961 |
| Lots value | Not specified |
| Awards value | £4,598,961 |
| 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 | CITY OF LONDON CORPORATION |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2P 2EJ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | Clerkenwell |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TOTAL GAS AND POWER |

## CPV Codes

### Divisions

- 09 - Petroleum products, fuel, electricity and other sources of energy

### Codes

- 09000000 - Petroleum products, fuel, electricity and other sources of energy

## Release History

- 17 Oct 2018 at 09:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0393025b-b675-40f0-a099-4f704959b6e6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0393025b-b675-40f0-a099-4f704959b6e6
  17th October 2018 - Awarded contract notice on Contracts Finder

## 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-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-38b781c1-bfbe-4ab2-acfb-8b11b39dd920.json.