---
title: "Review of the OFTO Regime"
ocid: "ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2024-05-17"
---

# Review of the OFTO Regime

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8)  
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## Summary

The buying organization for this tender is Ofgem, and the contract title is "Review of the OFTO Regime". The industry category is financial consultancy services, and the procurement stage is already completed. The contract value is 129,960 GBP, with a tender deadline of 2024-01-01. The contract period is from 2024-04-18 to 2026-04-17, located in London, England. The procurement method is an open procedure.

This tender provides opportunities for businesses in financial consultancy, business analysis, project management consultancy, and related services sectors. Small and medium-sized enterprises (SMEs) would be well-suited to compete in this tender process. Ofgem, the contracting authority, aims to review the benefits of the Offshore Transmission Operator (OFTO) Regime, creating a conducive environment for consultancy service providers to demonstrate their expertise and secure business growth opportunities.

## Notice

The subject of this contract is to review the Offshore Transmission Operator (OFTO) Regime. This review will be based upon the approach taken from an earlier review, conducted in 2016, which explored what benefits the first three OFTO tender rounds had delivered to consumer. As Ofgem has now having delivered a large pipeline of subsequent OFTO transactions, and require follow-up analysis be undertaken to determine potential benefits achieved.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ccabf29b-bfd9-4dd1-9a89-5861e4a167f8 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 May 2024 |
| Submission deadline | 1 Jan 2024 |
| Future notice date | Not specified |
| Award date | 17 Apr 2024 |
| Contract period | 17 Apr 2024 - 17 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £129,960 |
| Lots value | Not specified |
| Awards value | £129,960 |
| 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 | SMITH SQUARE PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 72 - IT services: consulting, software development, Internet and support
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66171000 - Financial consultancy services
- 72221000 - Business analysis consultancy services
- 72224000 - Project management consultancy services
- 79400000 - Business and management consultancy and related services
- 79410000 - Business and management consultancy services
- 79411100 - Business development consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 17 May 2024 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ccabf29b-bfd9-4dd1-9a89-5861e4a167f8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ccabf29b-bfd9-4dd1-9a89-5861e4a167f8
  17th May 2024 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=MAY168163
  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-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-51f20776-98d3-42c4-b077-c7bd94d452d8.json.