---
title: "Ofgem 2024-003 Budget Forecasting and Reporting Process Redesign"
ocid: "ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFGEM"
published: "2024-02-26"
---

# Ofgem 2024-003 Budget Forecasting and Reporting Process Redesign

Buyer: OFGEM  
Current stage: Award  
OCID: ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de)  
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## Summary

The buying organization, Ofgem, has awarded a contract for the redesign of a budget forecasting and reporting tool. This procurement falls under financial consultancy services and aims to enhance the budgeting process. The contract value is £51,864 GBP, with a contract period running from 12th February 2024 to 11th August 2025. The procurement method used was an open procedure, with the tender ending on 1st January 2024. The location of the procurement is in London, England, and it is suited for businesses in the services industry.

This tender from Ofgem presents an opportunity for businesses specialising in financial consultancy services to engage in a contract for budget forecasting and reporting tool redesign. With a focus on enhancing financial processes, businesses with expertise in financial management consultancy services can compete for this procurement. The tender period ended on 1st January 2024, and the contract is currently active until 11th August 2025, providing a defined timeframe for interested businesses to participate and contribute to the project's success.

## Notice

contract award under RM6187 lot 4 to redesign a complex budget forecasting and reporting tool

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/107e7cf1-d664-4533-8365-8c0adfbf0d72 |
| 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 | 26 Feb 2024 |
| Submission deadline | 1 Jan 2024 |
| Future notice date | Not specified |
| Award date | 8 Feb 2024 |
| Contract period | 12 Feb 2024 - 11 Aug 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £51,864 |
| Lots value | Not specified |
| Awards value | £51,864 |
| 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 | GRANT THORNTON |

## CPV Codes

### Divisions

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

### Codes

- 66171000 - Financial consultancy services
- 79412000 - Financial management consultancy services

## Release History

- 26 Feb 2024 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/107e7cf1-d664-4533-8365-8c0adfbf0d72

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/107e7cf1-d664-4533-8365-8c0adfbf0d72
  26th February 2024 - Awarded contract notice on Contracts Finder
- https://www.mytenders.co.uk/search/show/search_view.aspx?ID=FEB167783
  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-c301e969-4c55-4702-9023-e3bf5b6196de. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c301e969-4c55-4702-9023-e3bf5b6196de.json.