---
title: "FAST Financial Modelling Training"
ocid: "ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2017-03-27"
---

# FAST Financial Modelling Training

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2.json)

## Summary

The WATER SERVICES REGULATION AUTHORITY is seeking to procure FAST Financial Modelling Training as part of its initiative to enhance modelling quality assurance. The training will be delivered in Birmingham, West Midlands, with the contract period running from 15 December 2016 to 31 March 2017. The competitive tender was initially open until 22 November 2016 and has been awarded to F1F9 UK Ltd for a total value of £14,800. This training will cover a two full-day course designed for up to 12 participants, with sessions scheduled for January and March 2017.

This opportunity is particularly suitable for training providers specialising in IT services and consulting, especially those with experience in financial modelling education. Small and medium-sized enterprises (SMEs) are encouraged to consider participation, as the procurement process aims to foster competitive training offerings. Engaging in this contract could provide significant insights into the public sector's training needs, facilitating further business growth in similar educational services.

## Notice

Ofwat is currently developing its approach to modelling quality assurance. As part of this approach, Ofwat is actively developing a common in-house modelling standard that reflects industry best practice, and it is likely that the FAST modelling standard will be at the core of this. To this end, Ofwat trained 12 individuals in the FAST financial modelling in 2015. Ofwat is now seeking to train 24 more individuals in the FAST modelling standard. These individuals will be from a variety of professional backgrounds within our analytic resource pool, including engineers, accountants, economists and modellers. The requirements is to deliver twice, a two full-day training course (days to run consecutively) on the FAST modelling standard for up to 12 participants (one in January and March 2017). At the end of the course students should have a good theoretical and practical understanding of the application of the FAST modelling standard. Additional information: Contract award and start date cannot be the same date in the Award section. Contract was dated 15/12/2016.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Mar 2017 |
| Submission deadline | 22 Nov 2016 |
| Future notice date | Not specified |
| Award date | 14 Dec 2016 |
| Contract period | 15 Dec 2016 - 31 Mar 2017 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £14,800 |
| 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 | WATER SERVICES REGULATION AUTHORITY |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B5 4UA |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Ladywood |
| Westminster constituency | Birmingham Ladywood |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | F1F9 |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 27 Mar 2017 at 12:28 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f
- 2 Mar 2017 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9883e3f2-9602-4067-9d64-bb6bc50b824f
  27th March 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/80e3c85c-c2ec-4a00-9689-dfc58fc7828b

## 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-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8e756e11-4897-47e6-b539-673a2f6063a2.json.