---
title: "Financial Resilience - (B) Ring Fence Protections"
ocid: "ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY (OFWAT)"
published: "2020-03-11"
---

# Financial Resilience - (B) Ring Fence Protections

Buyer: WATER SERVICES REGULATION AUTHORITY (OFWAT)  
Current stage: Award  
OCID: ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26

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## Summary

The Water Services Regulation Authority (Ofwat) is seeking to enhance financial resilience with their recent tender titled "Financial Resilience - (B) Ring Fence Protections". This procurement falls under the category of general management consultancy services and is specifically located in the West Midlands and London, United Kingdom. The procurement method is a negotiated procedure without prior publication, and it has reached the award stage, with the contract value set at £36,350. The contract period commenced on 17th February 2020 and is due to conclude on 31st March 2020. The tender period ended on 5th February 2020.

This contract represents a valuable opportunity for consultancy firms, especially small and medium-sized enterprises (SMEs) that specialise in financial resilience and management consultancy. Companies that possess expertise in tailoring financial strategies and early intervention methods to support organisations facing financial difficulties will be well-suited to compete for this contract. The successful supplier will collaborate closely with Ofwat to innovate and refine their approaches, creating potential for substantial growth and development in the consultancy sector.

## Notice

Work requirement (B) - Ring Fence Protections We want to continue to ensure that our tools and approach maintain the high levels of protection currently enjoyed by the Appointee and its customers. We are constantly looking for ways to refine and improve our approach, and the Supplier will be supporting us in this process, for example considering a more targeted approach to companies who may be facing deterioration in their financial position to ensure early intervention. This will include looking at how Ofwat might build on the work already underway to facilitate a broader, deeper reflection of a company's financial resilience. This would include how we could meet our intention to rely less on single triggers and ratings agencies, to a more rounded and holistic approach to assessing financial resilience. We want to make sure our monitoring and actions are focused in the right areas, and consequently whether our tool (including the licence) could be developed further. We expect the Supplier to work closely with the Ofwat team to deliver this work. We are not seeking a long form written report, however we would like the Supplier to provide detailed input into the development of the policy in this area and to provide challenge to and be challenged by the Ofwat team in respect of alternative approaches that we might take. Additional information: For Further Information;please contact procurement@ofwat.gov.uk

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a60e92b6-7d14-44b2-8ea2-4e8c8f7e8e73 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Negotiated Procedure Without Prior Publication Below OJEU |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Mar 2020 |
| Submission deadline | 5 Feb 2020 |
| Future notice date | Not specified |
| Award date | 14 Feb 2020 |
| Contract period | 17 Feb 2020 - 31 Mar 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £36,350 |
| Lots value | Not specified |
| Awards value | £36,350 |
| 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 (OFWAT) |
| 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), TLI London |

## Supplier

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

## CPV Codes

### Divisions

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

### Codes

- 79411000 - General management consultancy services

## Release History

- 11 Mar 2020 at 15:59 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a60e92b6-7d14-44b2-8ea2-4e8c8f7e8e73

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a60e92b6-7d14-44b2-8ea2-4e8c8f7e8e73
  11th March 2020 - Awarded contract notice on Contracts Finder

## 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-b110c1ab-f0ed-4a80-a404-859dc95d2c26. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b110c1ab-f0ed-4a80-a404-859dc95d2c26.json.