---
title: "Insurance Advice in Connection with an IAE Claim"
ocid: "ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2023-12-22"
---

# Insurance Advice in Connection with an IAE Claim

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535.json)

## Summary

Ofgem awarded a contract for "Insurance Advice in Connection with an IAE Claim" with a total value of £30,000 to Indecs Consulting Limited. The procurement method used was an open procedure. The contract period is from 22nd December 2023 to 21st June 2026. The procurement stage was an award, and key dates include the tender period ending on 18th October 2023.

This tender provides an opportunity for businesses in financial and insurance services, specifically those offering insurance services, to engage with Ofgem. Small and medium-sized enterprises (SMEs) are suitable for this opportunity, aligning with Ofgem's preference. The contract location includes various countries, such as the United Kingdom, Europe, and British Oversea Territories, offering a wide geographical scope for potential suppliers.

## Notice

Ofgem require insurance expertise to provide urgent and crucial advice in respect of matters in connection with the offshore transmission insurance market to be determined in relation to any claim for a revenue adjustment claim (an "IAE claim") from an Offshore Transmission Owner ("OFTO"). To make a determination, Ofgem require expert advice on various questions relating to insurance issues pertinent to making this decision. The questions will focus on whether OFTO could have secured LEG3/06 or equivalent insurance protection (defined later in this section) in the worldwide insurance market. The OFTO Licence provides the OFTO with a revenue stream in respect of the offshore transmission system for up to 25 years. That revenue stream includes mechanisms which adjust the OFTO's revenue for certain 'pass-through' items, under Amended Standard Condition E12-J3: Restriction of Transmission Revenue: Allowed Pass-through Items (the Condition). The IAE is one such revenue adjustment mechanism for costs and expenses that have arisen during the revenue term, for example, due to fault or failure of the system (subject to defined pre-requisites), or at the Authority's discretion.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/1f79cd9d-809d-4bdc-93b7-c58cf6572941 |
| 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 | 22 Dec 2023 |
| Submission deadline | 18 Oct 2023 |
| Future notice date | Not specified |
| Award date | 20 Dec 2023 |
| Contract period | 22 Dec 2023 - 21 Jun 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £30,000 |
| Lots value | Not specified |
| Awards value | £30,000 |
| 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 | INDECS CONSULTING |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66510000 - Insurance services

## Release History

- 22 Dec 2023 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/1f79cd9d-809d-4bdc-93b7-c58cf6572941

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/1f79cd9d-809d-4bdc-93b7-c58cf6572941
  22nd December 2023 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=DEC167526
  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-a757cda8-2a54-453b-afdc-cb593041f535. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a757cda8-2a54-453b-afdc-cb593041f535.json.