---
title: "2021-116 Supplier Financial Stability Work"
ocid: "ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2021-09-13"
---

# 2021-116 Supplier Financial Stability Work

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-74f0fb02-79eb-4603-b04d-266d2bc984b6

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## Summary

The procurement process titled "2021-116 Supplier Financial Stability Work" is conducted by Ofgem, the regulator for the electricity and gas markets in the UK. The contract, valued at £216,000, falls under the services category, specifically project management consultancy services (CPV code: 72224000). The contract period extends from 7 September 2021 to 6 June 2022, with the procurement conducted via an open procedure. This tender is focused on assessing and planning for potential market risks, particularly regarding the exit of energy suppliers and ensuring consumer interests are protected. The award was published on 13 September 2021.

This opportunity represents significant potential for business growth for SMEs specialising in project management, financial consultancy, and business analysis. Companies that provide consultancy services in project management, especially those with experience in regulatory frameworks or energy market conditions, are well-suited to compete for this contract. Engaging in this tender process not only allows firms to enhance their market presence but also positions them as key players in the regulatory landscape of the energy market in the UK.

## Notice

In instances where an energy supplier is exiting the market, Ofgem's priority is to ensure that consumers' interests are protected, including that their supplies of electricity and gas are not disrupted. Market exits can take the form of a commercial transaction between suppliers - one may buy the customer book of another for instance. They can also require direct regulatory intervention. Where this is the case Ofgem runs a competitive process to appoint an alternative supplier for customers of the failed supplier. This process is called the Supplier of Last Resort (SoLR) process. This contract is for support with: Project managing a project to assess and plan for a range of potential scenarios for risk of failure in the coming winter (in light of recent market conditions) * Broader project management of the Supplier Financial Stability work, including resource planning of any SoLR casework * Project management of individual SoLR cases as required * Coordinating with other teams around Ofgem to pool intelligence regarding suppliers' financial status * Monitoring who has access to highly market sensitive information * Creating, improving and maintaining processes to gather, analyse and share information related to suppliers' financial position

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/de4ad2eb-cc01-4f21-b13d-adb346557ce9 |
| 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 | 13 Sep 2021 |
| Submission deadline | 1 Jan 2021 |
| Future notice date | Not specified |
| Award date | 6 Sep 2021 |
| Contract period | 6 Sep 2021 - 6 Jun 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £216,000 |
| Lots value | Not specified |
| Awards value | £216,000 |
| 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 | 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 | KPMG |

## 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
- 79410000 - Business and management consultancy services
- 79411000 - General management consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 13 Sep 2021 at 16:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/de4ad2eb-cc01-4f21-b13d-adb346557ce9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/de4ad2eb-cc01-4f21-b13d-adb346557ce9
  13th September 2021 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=SEP162715
  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

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