---
title: "Revenue Term Policy Review & Marketing and Investor Engagement Support"
ocid: "ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PROACTIS TENDERS LIMITED MYT"
published: "2024-01-23"
---

# Revenue Term Policy Review & Marketing and Investor Engagement Support

Buyer: PROACTIS TENDERS LIMITED MYT  
Current stage: Award  
OCID: ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7

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## Summary

The procurement process for the tender titled "Revenue Term Policy Review & Marketing and Investor Engagement Support" was successfully completed by Ofgem. The tender falls under the financial consultancy services category, with a contract value of £100,000. The tender, identified as MT231124, was conducted using an open procedure and was awarded to Smith Square Partners Llp. The contract period is from December 21, 2023, to December 20, 2024. The tender period ended on November 1, 2023. The buying organisation is PROACTIS TENDERS LIMITED MYT, based in London, England.

This tender presents an opportunity for businesses specializing in financial consultancy services to engage with Ofgem in conducting work related to the Revenue Term policy. Small and medium-sized enterprises (SMEs) are particularly suitable for this opportunity. The location of the tender covers various countries along with the United Kingdom, making it accessible to a wide range of businesses. Businesses interested in long-term project engagements and consultancy services related to revenue terms and investor engagement would find this tender well-suited for business growth.

## Notice

Ofgem require consultants to conduct work related to the Revenue Term policy for the Offshore Transmission Owner (OFTO) Regime which has evolved over a series of tender rounds. Prior to Tender Round 6 TR6, the policy was a ~ 20-year Tender Revenue Stream (TRS). Since TR6, the revenue term has increased to ~ 25 years (the exact term can vary project to project). There has been a number of considerations that have impacted Ofgem's choice of the appropriate revenue term policy for OFTO, notably: the expected life of offshore windfarms; the expected technical life of OFTO assets; precedent of the revenue term in other contexts (e.g. Private Finance Initiative); the attractiveness of different revenue terms to different financing solutions. Ofgem required a study to be created that reviewed the impact of moving to a 30-year (or longer) TRS.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/085244ba-10ff-40eb-aa04-1fabef532f4b |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jan 2024 |
| Submission deadline | 1 Nov 2023 |
| Future notice date | Not specified |
| Award date | 19 Dec 2023 |
| Contract period | 21 Dec 2023 - 20 Dec 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £100,000 |
| Lots value | Not specified |
| Awards value | £100,000 |
| 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 | PROACTIS TENDERS LIMITED MYT |
| 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
- 73 - Research and development services and related consultancy services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66171000 - Financial consultancy services
- 73000000 - Research and development services and related consultancy services
- 79411000 - General management consultancy services

## Release History

- 23 Jan 2024 at 10:44 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/085244ba-10ff-40eb-aa04-1fabef532f4b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/085244ba-10ff-40eb-aa04-1fabef532f4b
  23rd January 2024 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JAN167584
  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-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7bc8bb91-c948-42e5-8c0f-4ff8531ee0c7.json.