---
title: "Professional Advisory Services to Support OFGEM's OFTO Team"
ocid: "ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2022-01-14"
---

# Professional Advisory Services to Support OFGEM's OFTO Team

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-b0ec9e85-87f3-434b-bf33-f7bf0b8bac7f

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## Summary

Ofgem is conducting a procurement for "Professional Advisory Services to Support OFGEM's OFTO Team," which falls under the category of Business and management consultancy services. The contract, valued at £9,000,000, is currently in the Award stage, following the tender process which concluded on 1st October 2021. The contract period commenced on 6th January 2022 and will extend until 5th January 2026. This procurement employs an open procedure, enabling a wide range of interested bidders to participate, covering locations including the UK and British Overseas Territories.

This procurement presents significant opportunities for businesses specialising in consultancy services, particularly those with expertise in regulatory frameworks and transmission assets management. Small and medium-sized enterprises (SMEs) that possess the relevant experience in management consultancy and have the capacity to offer tailored advisory services would be particularly suitable to compete for this contract, as it involves support for decision-making and policy development within the offshore transmission sector.

## Notice

OFTO licences, granted through the competitive process, confer certain rights and responsibilities on OFTOs, including the right to a regulated revenue stream for a defined period in return for provision of transmission services.Through the tender process, interested parties have the opportunity to bid to become an OFTO. The offshore transmission assets that the OFTO takes ownership of are acquired at a transfer value determined by the Authority. Following transfer of ownership, the OFTO owns and manages the transmission assets (including the cables and associated connection equipment) between the offshore point of connection with the generator and the point of connection with the onshore network.Following the transfer of ownership, the OFTO is required to comply with the licence conditions. The revenue stream also includes mechanisms which adjust the OFTO's regulated revenue stream for certain 'pass-through' items. The Income Adjusting Event (IAE) is one such 'pass-through' 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. The Authority is responsible for the decision-making when such claims are made. Other policy development and enforcement actions may also be required during the revenue stream.This procurement is seeking expert consultancy services to support decision-making and policy development for all such requirements in the regime.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7c6250ce-f7ad-4cc8-96ac-80277a233251 |
| 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 | 14 Jan 2022 |
| Submission deadline | 1 Oct 2021 |
| Future notice date | Not specified |
| Award date | 11 Jan 2022 |
| Contract period | 6 Jan 2022 - 5 Jan 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £9,000,000 |
| Lots value | Not specified |
| Awards value | £9,000,000 |
| 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 | 4 |
| Supplier names | BDO; GRANT THORNTON; SMITH SQUARE PARTNERS; VINCI ENERGIES |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 14 Jan 2022 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7c6250ce-f7ad-4cc8-96ac-80277a233251

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7c6250ce-f7ad-4cc8-96ac-80277a233251
  14th January 2022 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=JAN163537
  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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