---
title: "2021-145 Working Cap Credit"
ocid: "ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2021-12-07"
---

# 2021-145 Working Cap Credit

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69.json)

## Summary

Ofgem, the buyer, has completed the contract for the tender titled "2021-145 Working Cap Credit" in the financial consultancy industry, specifically focusing on financial management and business analysis services. This procurement process utilised an open procedure and was conducted in London, United Kingdom. The contract was awarded to Ernst & Young on 25th November 2021, with a total value of £152,640. The contract period runs from 26th November 2021 to 28th February 2022, and the tender period ended on 1st January 2021.

This tender presents a significant opportunity for businesses specialising in financial consultancy and management services, particularly small and medium-sized enterprises (SMEs) that can offer insights into regulated financial operations. Companies equipped with expertise in navigating energy sector challenges, such as regulatory compliance and financial transaction processing, would be particularly suited to compete for similar future contracts. Engaging in such tenders can drive business growth by increasing visibility and establishing partnerships within the energy market.

## Notice

Ofgem requires commercial and financial advice in relation to regulated licenced companies. This is in response to the sustained high gas price situation and it's impact on the energy retail market. In particular, this support is required to work on the functioning of the Supplier of Last Resort (SoLR) levy, as well as the interaction of this with network companies.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/04e3720e-db12-423c-aed0-703fdc311594 |
| 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 | 7 Dec 2021 |
| Submission deadline | 1 Jan 2021 |
| Future notice date | Not specified |
| Award date | 25 Nov 2021 |
| Contract period | 26 Nov 2021 - 28 Feb 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £152,640 |
| Lots value | Not specified |
| Awards value | £152,640 |
| 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 | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 72 - IT services: consulting, software development, Internet and support
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 66171000 - Financial consultancy services
- 72221000 - Business analysis consultancy services
- 79400000 - Business and management consultancy and related services
- 79410000 - Business and management consultancy services
- 79411000 - General management consultancy services
- 79411100 - Business development consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 7 Dec 2021 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/04e3720e-db12-423c-aed0-703fdc311594

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/04e3720e-db12-423c-aed0-703fdc311594
  7th December 2021 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=DEC163285
  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-c120f8a5-3ee4-4a78-a87d-9da651d1fc69. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c120f8a5-3ee4-4a78-a87d-9da651d1fc69.json.