---
title: "Call off for Special Financial Support"
ocid: "ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WATER SERVICES REGULATION AUTHORITY"
published: "2020-02-11"
---

# Call off for Special Financial Support

Buyer: WATER SERVICES REGULATION AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49

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## Summary

The WATER SERVICES REGULATION AUTHORITY has initiated a procurement process titled "Call off for Special Financial Support" within the business and management consultancy services sector. This selective tender is currently in the Award stage, following a contract period that commenced on 11 January 2019 and is set to conclude on 10 January 2021, with an option for a one-year extension. The contract aims to establish a long-term arrangement for specialist advisory services to support the financial resilience of regulated companies, with potential delivery locations including the West Midlands and London. Interested contractors were asked to submit bids for one or more of four specified workstreams, covering various aspects such as financial distress and special administration.

This procurement opportunity presents significant potential for businesses engaged in financial consultancy and advisory services, particularly those with expertise in financial resilience and analysis. As the WATER SERVICES REGULATION AUTHORITY seeks to appoint up to four contractors per workstream, SMEs with a track record in addressing financial issues for companies in distress would find themselves well-positioned to compete. The contract's flexibility in allowing bids across multiple workstreams further enhances competition, inviting a diverse range of consultancy firms to lend their expertise in this critical area of regulation.

## Notice

In assuming our role as the regulator, we must be able to react quickly to events outside of our control and triggered by the market. In fulfilling our statutory duties we must ensure the skills and expertise are available to undertake any assessment as it occurs and to mitigate the impact on customers. This call off contract will form part of our risk mitigation and management strategy. This call off Contract follows a Phase 1 call off Contract previously procured in February 2018 for short term support to deliver specific work in relation to financial resilience of the companies which we regulate. We now seek to put in place a wider long term arrangement for the provision of specialist advisory services which may result in one of the areas of work set out in the overall objectives and scope sections of this document. We seek to ensure that we have the necessary support in place to allow us to respond to issues which may impact on a company's financial resilience including matters of financial distress and special administration as well as support in other areas where we might have to assess Merger or Acquisition. The requirement is divided up into 4 workstreams: Workstream 1: Financial Resilience - Analysis of a company's financial position and any possible interventions that may be required Workstream 2: Financial Distress - An entity has a known issue and are likely to be close to or in a position of financial distress Workstream 3: Special Administration - Providing advice to Ofwat where a company is the subject of a Special Administration order Workstream 4: Other Workstreams - Analysis of complex transactions/infrastructure procurement and delivery and/or assessment of an Interim Determination of K (IDoK), a mid-period price review action to adjust prices for the current price control period. To assist in our planning, we propose a call off contract with multiple Contractors with a sufficiently wide scope to cover a range of scenarios, who have demonstrated they should be awarded the Contract through the evaluation process. The number will be dependent on the quality of the bids. This is to mitigate against any conflicts of interest and capacity issues. Contractors are able to bid for one or more workstreams. We are looking to appoint up to 4 Contractors for each workstream, who are best suited to supply services for the particular workstream. However, the final number will be dependent on the quality of the bids which may mean the number of appointed Contractors may be greater or lower than stated. The section on call off of Services outlines the process for activation of the call off. The Contract term will be for TWO years from Contract commencement date with an option for a ONE year extension. Framework rates are to be fixed for the initial 2 years of the Contract. Please refer to the ITT for more information. 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/03b40f18-4484-4e8b-bb48-c58e87904cb7 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Feb 2020 |
| Submission deadline | 19 Nov 2018 |
| Future notice date | Not specified |
| Award date | 5 Dec 2018 |
| Contract period | 11 Jan 2019 - 10 Jan 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £180,000 |
| 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 | 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), TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | CAMBRIDGE ECONOMIC POLICY ASSOCIATES |

## CPV Codes

### Divisions

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

### Codes

- 79410000 - Business and management consultancy services

## Release History

- 11 Feb 2020 at 12:30 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/03b40f18-4484-4e8b-bb48-c58e87904cb7
- 11 Feb 2020 at 12:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/03b40f18-4484-4e8b-bb48-c58e87904cb7

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/03b40f18-4484-4e8b-bb48-c58e87904cb7
  11th February 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-b5bef191-46a4-4c8e-ad14-c1a917156d49. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b5bef191-46a4-4c8e-ad14-c1a917156d49.json.